Financial Reports

Comprehensive Annual Financial Reports
The information presented in the Comprehensive Annual Financial Report (CAFR) is the responsibility of city management, but the report is prepared by the Administrative Services Department in close cooperation with external auditors. The CAFR conforms to the standards of financial reporting as set forth by the Governmental Accounting Standards Board (GASB) and the guidelines as recommended by the Government Finance Officers Association (GFOA).

GFOA has awarded the City of Mexico with a Certificate of Achievement for Excellence in Financial Reporting. The City of Mexico has been receiving this award consecutively since 1988. This certificate is only awarded to cities that achieve the highest standards in governmental accounting and financial reporting.

CAFR
Statements are available on-line shortly following the release of the report (usually by the end of December the following fiscal year-end, September 30).
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Annual Operating Budget
The Administrative Service's Office is the Budget Office of the city and prepares the annual budget document, with the assistance of the city Manager's Office, and submits it to the City Council for final approval. The Annual Operating Budget estimates the financial needs and resources of the city for each ensuing year. The city's fiscal year begins October 1.

Annual Budget
Budgets are available shortly following the approval by City Council (usually by the 1st of October each year).
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Popular Annual Financial Reports
The Popular Annual Financial Report (PAFR) communicates the results of financial operations of the city in a reader friendly financial publication. This report provides an analysis of the financial position of the city, where the revenues come from to operate the city, and where those same dollars are spent.

The financial information for this report is been taken from the City of Mexico's most recent Comprehensive Annual Financial Report (CAFR). The CAFR is comprised of detailed financial statements, notes, schedules and statistical information. The CAFR was prepared in conformance with Generally Accepted Accounting Principles (GAAP) and audited by the CPA Firm, Williams Keepers, receiving an unqualified opinion. An unqualified opinion is given when an auditor can state that the financial statements are accurately and fairly presented.

PAFR
Statements are available shortly following the release of the CAFR report (usually by the end of February the following year).
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