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ACCOUNTING AND FINANCE REPORTS

The Accounting and Financial Reporting Services combines the areas of general accounting, accounts payable, and financial reporting.  This area of finance manages the general ledger for the City and its monthly and year-end close-outs.

The division also prepares the City's Comprehensive Annual Financial Report (CAFR) and manages the annual financial audit conducted by an independent public accounting firm.

POPULAR ANNUAL FINANCIAL REPORT (PAFR)

The Popular Annual Financial Report (PAFR) provides an overview of the City’s financial results in an easy-to-understand format.


COMPREHENSIVE ANNUAL FINANCIAL REPORTS (CAFR)

The City’s Comprehensive Annual Financial Report, also referred to as the CAFR, is submitted in accordance with Arizona Revised Statutes, Section 9-481.  The financial statements are audited by an independent CPA firm and the most current statements for the year ended June 30, 2016, received an unmodified (“clean”) opinion.


SINGLE AUDIT REPORTS

The Single Audit Report is an audit of the City's major program expenditures of federal funds for compliance with the Federal Single Audit Act.


ANNUAL EXPENDITURE LIMITATION REPORT (AELR)

The Annual Expenditure Limitation Report is presented as required by the Arizona Revised Statute, Section 41-1279.07.


ANNUAL DEVELOPMENT FEE REPORTS

The Annual Development Fee Report presents the annual financial impact of the City’s Development Fee remaining fund balances.  In October of 2011, the City council eliminated the collection of impact fees for capital facilities.