Annual Financial Reports

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The Finance Department publishes two major financial reports annually: the Comprehensive Annual Financial Report (CAFR) and the Popular Annual Financial Report (PAFR).

Comprehensive Annual Financial Report

The CAFR is audited by a firm of licensed certified public accountants and presents the financial statements of the City in conformance with generally accepted accounting principles (GAAP).

For the past 15 years, the City has received the Certificate of Achievement for Excellence in Financial Reporting presented by the Government Finance Officers Association.

Popular Annual Financial Report

The PAFR presents the financial operations of the City in a user-friendly format. 

While the information in the PAFR is derived from the audited data presented in the CAFR, the PAFR focuses on the government-wide financial statements only and does not include all funds or components of the City. For complete details, please review the CAFR available above. 

For the past two years, the City has received the Award for Outstanding Achievement in Popular Annual Financial Reporting from the Government Finance Officers Association.

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