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Finance topics:
Finance Divisions: Related links: |
Corporate Report to the Community The Government Finance Officers Association (GFOA) of the United States and Canada has given the City of Bloomington the Award for Outstanding Achievement in Popular Annual Financial Reporting for 11 years. The Finance Department presents this corporate report of financial and related information to show how Bloomington's city government performs. This publication does not include Housing and Redevelopment Authority or Port Authority budgets. The City of Bloomington reports financial year-end results in the approximately 200-page Comprehensive Annual Financial Report (CAFR). The Corporate Report to the Community summarizes significant data from the CAFR and the Annual Budget, and is consistent with Generally Accepted Accounting Principles. The report reflects the net tax cost by service expenditure developed by crediting related revenues against appropriate expenditures and allocating local taxes against the remaining balance. The Corporate Report to the Community is unaudited. This popular report format has been used for the past 11 years.
For more information contact:
Lori Economy-Scholler, Chief Financial Officer
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