The Finance Department is responsible for preparing financial reports that promote transparency and accountability. The following financial documents are available for your review:
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 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.
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. The City of Jacinto City’s Budget cycle begins on October 1st and ends on September 30th each year.
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 expense, and a comparison of budgeted to actual expenses and revenues.