Annual Comprehensive Financial Report
The City publishes an Annual Comprehensive Financial Report annually to report the results of operations for each City fund. The City’s financial statements are audited by an independent accounting firm and have received an unqualified opinion, the highest opinion given to municipal government, with respect to the accuracy and fairness of the presentation of the City's financial position and its conformance with generally accepted accounting principles. The Annual Comprehensive Financial Report is published annually on or about June 30, six months after the close of the fiscal year.
For a list of Annual Comprehensive Financial Reports from 2001 to present, please click here.
Annual Comprehensive Financial Report Award
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Highland Park for its Annual Comprehensive Financial Report for the fiscal year ended December 31, 2022. This was the 39th consecutive year that the City has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annual comprehensive financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe that our current annual comprehensive financial report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate.
Monthly Financial Report
The Finance Department prepares a monthly financial report which includes an executive summary, general fund, summary, revenue reports, expenditure reports, major fund summaries, cash and investment reports and selected tax revenue reports.
For a list of Monthly Financial Reports, please click here.