Comprehensive Annual Financial Report
The Comprehensive Annual Financial Report for year ended December 31, 2019 includes financial statements and other financial and statistical data which conforms to generally accepted accounting principles in the United States of America (GAAP) and in conformance with standards of financial reporting as established by the Government Finance Officers Association of the United States and Canada (GFOA).
The report consists of three sections: the Introductory Section, the Financial Section, and the Statistical Section.
This section provides an overview and summary of the City’s finances, economic prospects and achievements. Also included is the City’s organization chart, a list of principal officials, and the Certificate of Achievement, if awarded, for the prior year’s report.
This section includes the Independent Auditors’ Report, Management’s Discussion and Analysis (MD&A), Basic Financial Statements, Required Supplementary Information (RSI), and various other combining and individual fund financial statements and schedules.
This section includes tables of unaudited data depicting financial, economic and demographic history for the City over the last ten years, where available. It has been prepared in accordance with the requirements of GASB Statement No. 44, Economic Condition reporting: The Statistical Section.