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 presented to the City Council's Finance, Governance & Ethics Committee.
Here are the 12 most recent monthly financial reports, all in Adobe Acrobat format: