Reports and Resources

Annual Financial Reports

The Annual Financial Report is a set of financial statements. These reports follow accounting requirements made by the Governmental Accounting Standards Board (GASB).

The Report Has Three Sections

Introductory

This section will guide you through the report.

Financial

This section presents the audited financial statements.

Statistical

This section gives financial statistical data.

Independent Auditor's Report

An independent auditor’s report explains whether the City's financial statements are accurate, free of major errors, and prepared according to required accounting standards. If the auditors identify any issues that need attention, those items will be listed in the section called the “Schedule of Findings”.

 

Internal Audit Reports

An internal audit report reviews how a government department is operating and managing public money and provides recommendations to improve efficiency and accountability.

Payments Issued

These reports contain the itemized detail of all checks and electronic payments issued. Starting in Fiscal Year (FY) 2026, this report is presented by FY instead of calendar year to align with our other financial reporting. Earlier reports (2020–2025) remain available in calendar‑year format.

Resident's Guide to the City's Finances (PAFR)

We are excited to present to you this Resident’s Guide to the City’s Finances to ensure the residents of Grand Rapids are fully informed about their government’s operations. In this guide you will find an overview of your City government’s financial activity during the fiscal year.

This Resident’s Guide provides an easy‑to‑understand overview of the City’s financial activity for the fiscal year. It summarizes key information from the City’s Annual Financial Report (also known as the Annual Comprehensive Financial Report, or ACFR) and is designed for residents without a background in public finance. The full Annual Financial Report is also available in the Reports and Resources section.

 

Small Claims Reports

Small claims are generally claims valued at less than $15,000. These are the Small Claims paid by the City of Grand Rapids.