Comprehensive Annual Financial Report
The City publishes a comprehensive annual financial report (CAFR) 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 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 CAFR is published annually on or about June 30, six months after the close of the fiscal year.
For a list of Comprehensive Annual Financial Reports (CAFRs) from 2001 to the present, please click here.
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 comprehensive annual financial report for the fiscal year ended December 31, 2015. This was the thirty-third consecutive year that the government has achieved this prestigious award. In order to be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized comprehensive annual 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 comprehensive annual 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 a cash and investment report, general fund summary, revenue reports, expenditure report, overtime detail.
For a list of Monthly Financial Reports, please click here.