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In addition to the Comprehensive Annual Financial Report, the
Finance Department's Financial Reporting Section prepares monthly financial statements. These statements keep
City Council members informed of General Fund, Municipal, Enterprise and Assessment funds activity and status.
The Finance Department must coordinate financial information from all city departments in order to prepare the
monthly financial report.
The report contains the financial summaries of the revenue and expenditure activities
of the city for each month. These reports are prepared on a cash basis, whereas the Comprehensive Annual Financial Report is prepared on a basis that is consistent with Generally Accepted Accounting Principals. The CAFR is audited by an independent accounting firm, while the Monthly Financial Report is unaudited.
The Finance Department reconciles
actual financial results with budgetary expectations. These reports are generally presented to the council's Budget
and Audit Committee on the third Wednesday of each month.
Here are the 12 most recent monthly financial reports, all in Adobe Acrobat format:
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