Finance

The Accounting Department institutes and operates a governmental accounting system that provides financial information to both external users and internal management. This information is used to monitor the expenditure of public funds and to ensure that the financial transactions of the City are conducted in accordance with statutory and contractual requirements and City policy.

Accounting is responsible for functions such as accounts payable, accounts receivable, capital budget reporting, and financial reporting which includes preparations of the Comprehensive Annual Financial Report (CAFR). The financial data in the following CAFR documents have not been updated subsequent to the auditors' opinion date.

Financial Summary

The following summary data is from the government-wide Statement of Activities in the City's Comprehensive Annual Financial Report. The government-wide Statement of Activities reports the results of the City's operations on an accrual basis of accounting. Revenues are recognized when earned and expenses are recognized at the time the liability is incurred.

The per capita figures are based on the City's 2017 estimated population of 3,110.

Budget

A budget serves as the financial plan for the City. It shows proposed spending and revenue in broad categories by department or by account type.

Comprehensive Annual Financial Report (CAFR)

This report provides a quantitative look at the operating success, financial health, and compliance of the government report units. It includes a balance sheet, a statement of changes in financial position, a statement of revenues and expenses, and a comparison of budget to actual expenses and revenues.

Financial Transparency

View the Financial Transparency page to access all reports.