Financial Information

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CAFR 2017.jpg​T​he Accounting and Reporting Office is responsible for maintaining the integrity of the general ledger, accuracy of the financial​​ management system data and the issuance of financial reports. 

The Interim Report includes monthly and year-to-date revenue and expenditure information for various funds and is published by the Finance Department. 

The Comprehensive Annual Financial Report (CAFR) contains audited financial statements reporting the City's financial position and results of operations. The CAFR is presented in three main sections. The Introductory Section includes a listin​g of key officials for the City and School Board, an organizational chart and a transmittal letter with a discussion of the City's economy and organizational information. The Financial Section includes the auditor's report, management discussion and analysis, audited basic financial statements and notes to the financials, required supplemental information, combining individual fund financial statements and supporting schedules. The Statistical Section sets forth selected unaudited economic, financial trend and demographic information on a multi-year basis.​​

The Popular Annual Financial Report (PAFR) is a short form report that provides summarized information about the City’s financial activities. The purpose of this report is to summarize and simplify the presentation of information contained in the CAFR. The City’s financial statements are prepared in accordance with generally accepted accounting principles and are audited by an independent auditing firm. As a result, the full financial statements are extremely technical and complex. The PAFR is intended to better inform the public about the City’s financial condition, without excessive detail or the use of technical accounting terms.