Annual Comprehensive Financial Reports

The Annual Comprehensive Financial Report provides a complete overview of the City’s financial operations and financial position. The format and content of the City’s ACFR complies with the principles and standards of accounting and financial reporting adopted by the Governmental Accounting Standards Board (GASB), and contains all information needed for readers to gain an understanding of the City’s financial affairs.

The City’s ACFR is presented in six sections:

• Introductory section:  includes the Transmittal Letter and general information
• Management Discussion and Analysis
• Basic Financial Statements:  Includes the Government-Wide and Fund Financial Statements, and accompanying Notes to the Financial Statements
• Required Supplemental Information (RSI) and Supplemental Information
• Statistical Information
• Single Audit