The Finance Department coordinates the preparation of the annual financial report in conjunction with the comprehensive audit required by City Charter. The City's fiscal year is from October 1 through September 30. On an annual basis, the City prepares a Comprehensive Annual Financial Report (CAFR. The CAFR is required to be audited under Generally Accepted Accounting Principles (GAAP).
The City earned the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association for its Comprehensive Annual Financial Report.