Accounting
State Law requires that a complete set of financial statements be published within one year of fiscal year-end and presented in conformance with accounting principles generally accepted in the United States of America (GAAP) and audited in accordance with auditing standards generally accepted in the United States of America by licensed independent certified public accountants. Pursuant to this requirement, the Accounting Division prepares and issues a Annual Comprehensive Financial Report each fiscal year in our Accounting Documents Online.
Frequently Asked Questions
Click here to see our financial report documents:
The Accounting Division is responsible for maintaining and being familiar with City grant contracts (Federal and State) and monitoring the budgets, revenues, and expenses over the grant term, and tracking the timely reimbursements from grantor agencies.
View the Schedule of Federal and State Awards, which includes all federal financial assistance programs and state projects administered by the City of Cape Coral which is included in the City’s Annual Comprehensive Financial Report.
View the Schedule of Federal and State Awards, which includes all federal financial assistance programs and state projects administered by the City of Cape Coral which is included in the City’s Annual Comprehensive Financial Report.
The Government Finance Officers Association (GFOA) has awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Cape Coral for its Financial Report for the fiscal year ended September 30, 2021, this is the 36th consecutive year that the City has achieved this prestigious award.
We believe that our Financial Report for the fiscal year 2022 will continue to meet the Certificate of Achievement Program’s requirements, and we will submit it to the GFOA to determine its eligibility for another certificate upon completion.
Our Financial Report is completed each fiscal year, which consists of many funds. The financial transactions of the City are recorded in individual funds. The operations for each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures/expenses.
Click here for a primer written by Stephen J. Gauthier on interpreting financial statements. This primer provides a clear explanation of how to better understand local government's financial position and how that information is reported.
Stephen J. Gauthier is the director of the Government Finance Officers Association's Technical Services Center.
We believe that our Financial Report for the fiscal year 2022 will continue to meet the Certificate of Achievement Program’s requirements, and we will submit it to the GFOA to determine its eligibility for another certificate upon completion.
Our Financial Report is completed each fiscal year, which consists of many funds. The financial transactions of the City are recorded in individual funds. The operations for each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures/expenses.
Click here for a primer written by Stephen J. Gauthier on interpreting financial statements. This primer provides a clear explanation of how to better understand local government's financial position and how that information is reported.
Stephen J. Gauthier is the director of the Government Finance Officers Association's Technical Services Center.