Comprehensive Annual Financial Report (CAFR)
The CAFR (Comprehensive Annual Financial Report) is the city’s complete accounting of "Net Worth" and the official annual report of a government. It became mandatory by Federal requirement for all local governments in 1978 to complete a CAFR each year. The CAFR is a statement of revenues and expenditures for all funds and also includes changes in fund balance, both budget and actual (for government fund types); changes in retained earnings (for proprietary funds); and changes in financial position (for proprietary funds). The CAFR includes a comparison of budget to actual, which usually will show how well the budget was followed during the year. To view these reports, click here.