St. Louis makes financial report available

January 25, 2018 by  

The City of St. Louis recently disclosed its 2017 Comprehensive Annual Financial Report (CAFR) to the public.

The report documents the financial health of the city during the Fiscal Year ended June 20, 2017. The report complies with, and was written consistent with, the City Charter, Article VIII, Section 10. It also meets the guidelines set for financial reporting by the Governmental Accounting Standards Board and the Government Financial Officers Association (GFOA) of the United States and Canada. The GFOA rates municipalities on how well they handle these reports.

The statements made in the report have been audited by an independent CPA, KPMG LLP. The goal of the audit is to provide reasonable reassurance that the financial information provided in the report is accurate.

The report itself touches on a great many different subjects. One section is devoted to the economic outlook of the city, which is in reality a fifteen-county Metropolitan Statistical Area located in both Missouri and Illinois. During the 2017 fiscal year, jobs growth in the MSA was concentrated in the service, health care, and bio-science sectors. The report anticipates that future growth will be most likely found in the fields of recreation, business, and medicine, along with education, providing venues for conventions, and tourism.

Reports like this interest many people, so officials might consider working with a brochure printing company to create a mailer that highlights the main points of the report for residents.

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