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|Comprehensive Annual Financial Reports|After the conclusion of the City’s fiscal year (July 1st – June 30th), the City completes closing entries and finalizes the financial records. Independent auditors conduct an audit of the City’s financial records in accordance with generally accepted auditing standards to ensure legal and fiscal accountability to the public. The City then prepares a Comprehensive Annual Financial Report (CAFR) which presents:
Upon satisfactory completion of the annual audit and CAFR, the auditors issue an “Unqualified Opinion” which states the financial statements are presented fairly. Annual reports by fiscal year are listed below.
- General information on the City’s structure, services, and environment
- Audited basic financial statements and required supplementary information
- Statistical data on trend and nonfinancial information