The Finance Division of the Department of Administrative Services prepares numerous reports of a financial and budgetary nature. For informational purposes, the City has included a number of these reports for your review.
Comprehensive Annual Financial Report (CAFR). State law requires that all general-purpose local governments publish within six months of the close of each fiscal year a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants. This report is intended to provide relevant financial information to the citizens of the City of Santa Maria, City staff, creditors, investors, and other concerned readers. 2013 CAFR | 2012 CAFR | 2011 CAFR | 2010 CAFR | 2009 CAFR
Outside Agencies’ Statements of Revenues and Expenditures. Annually, the City provides funding through General Fund allocations to three outside agencies. Pursuant to the agreements with these three agencies, each agency is required to maintain a complete record of revenues received from the City as well as all sums expended pursuant to the aforementioned agreements. A complete accounting of all revenues and expenditures from each of the outside agencies can be found below. These reports are intended to provide relevant financial information regarding the use of the City’s financial contributions to each of the below outside agencies.
Quarterly Financial Report. The financial report reflects activity in the general fund and enterprise funds for the quarter. The financial report includes major revenues, expenses, and a discussion of important factors for each fund. The information provided is not audited and does not contain all necessary adjustments, accruals, or disclosures. By providing interim financial statements, the community may obtain a better understanding of the financial activity of the City's primary funds.
Monthly Treasurer's Report. The City's Investment Policy directs the City Treasurer to submit a monthly Treasurer's Report. Required elements of the report include: types of investments; dates of maturities; costs of the securities; current market value of securities with maturities in excess of 12 months; and rates of interest of securities.
Enforceable Obligation Payment Schedule. This report reflects a resolution of the Redevelopment Agency of the City of Santa Maria approving the Enforceable Payment Obligation Payment Schedule; Approving the Draft Recognized Obligation Payment Schedule; and authorizing the transfer of all Redevelopment Agency Assets to the Successor Agency.
Investment Policy. The California Government Code, Section 53646, requires the treasurer or chief fiscal officer to submit, annually, a written investment policy to the City Council of the local agency. Further, the City Council shall consider the investment policy at a public meeting.
Debt Service at a Glance. The Debt Service at a Glance report is presented as a concise overview of the City's debt and other long-term commitments. It is staff's intent that this report to assist the City Council and citizens with a better understanding of the debt the City has incurred.