Annual Comprehensive Financial Reports are produced to provide the mayor, City Council, City staff, citizens, bondholders, and the general public with useful information about the City's operations and financial position.
The City prepares financial reports to promote accountability. This annual report provides one way of assessing whether elected and appointed officials in the City are faithfully carrying out their role of good stewards of City resources.
These reports are prepared by the finance division of the Fiscal Services Department in accordance with standards prescribed by the Governmental Accounting Standards (GASB), the Government Finance Officer Association of the United States and Canada (GFOA), and other rule-making bodies. The City is responsible for the accuracy, completeness and fairness of the data presented.