The Comprehensive Annual Financial Report contains the City’s financial statements. The report is prepared in accordance with Generally Accepted Accounting Principles (GAAP) as promulgated by the Government Accounting Standards Board (GASB). This report includes an introductory section, the Independent Auditors’ Report, and the Management’s Discussion and Analysis (MD&A), which offers readers a narrative description in addition to analysis of the financial activity of the City for the fiscal year in review. The report also includes a citywide valuation of infrastructure assets. The City has consistently received the prestigious “Certificate of Achievement for Excellence in Financial Reporting” award presented by the Government Finance Officers Association since its 2001 incorporation.
Comprehensive Annual Financial Report