Monthly Financial Report
Each month, the Accounting Division works with the Office of Management and Budget to prepare the City's Monthly Financial Report, which details the City's General Fund revenues and expenditures as of the last day of the month, compares revenues and expenditures to the same period in the previous fiscal year, and provides an assessment of the current state of the economy. This report is presented to City Council by the City Manager and made available to the public.
Annual Comprehensive Financial Report
The Annual Comprehensive Financial Report represents the City's overall financial position at the end of each fiscal year and reports the City's activities and balances for each fiscal year. The Government Finance Officers Association of the United States and Canada (GFOA) has awarded the City of Alexandria a Certificate of Achievement for Excellence in Financial Reporting for the City’s Annual Comprehensive Financial Report for more than 40 consecutive years. The GFOA awards a certificate to governmental units that display excellence in financial reporting and conform to stringent reporting requirements promulgated by that association and various authoritative bodies.
Popular Annual Financial Report
The Popular Annual Financial Report (PAFR) is a supplement to the Annual Comprehensive Financial Report (ACFR). All data listed in the PAFR is acquired from the ACFR. Unlike the ACFR, the PAFR is more easily digestible for the everyday reader while providing an overview of the contents of an ACFR. An important distinction is that the data in the ACFR is presented in accordance with Generally Accepted Accounting Principles (GAAP); however, the PAFR does not observe GAAP and is not an audited body of work. A PAFR does not observe GAAP to allow for greater flexibility and creativity in the presentation of information.
In accordance with the Commonwealth of Virginia's Unclaimed Property Act, the City of Alexandria publishes a listing of unclaimed property held at June 30 of each year. For more information, contact the Accounting Division at 703.746.3905.
Bond Issuance and Rating
The City issues General Obligation Bonds to finance the City and School Capital Improvement Program. Bond issuances must first be approved by City Council. Since 1992, the City's bonds have been rated AAA/Aaa by Standard & Poor's and Moody's rating agencies.