Audited Financial Statements

The City of Madera prepares Annual Comprehensive Financial Reports (ACFRs) each year to provide a complete and transparent overview of the City’s financial condition. These reports are independently audited by certified public accountants to ensure accuracy, accountability, and compliance with generally accepted accounting principles (GAAP).

The audited financial statements summarize the City’s revenues, expenditures, assets, liabilities, and fund balances across all departments and programs. Together, they reflect the City’s commitment to sound fiscal management and transparency in the use of public funds.

Why Audited Financial Statements Matter

• Accountability: Independent audits verify that City finances are managed responsibly and in accordance with state and federal standards.
• Transparency: Residents and stakeholders can review how tax dollars and public funds are collected, managed, and spent.
• Financial Stability: Consistent, audited reporting supports credit ratings and helps attract investment and grant funding.

Annual Comprehensive Financial Reports

Click below to view the City’s audited financial statements by fiscal year:

• FY 2023–2024 Annual Comprehensive Financial Report (June 30, 2024)
• FY 2022–2023 Annual Comprehensive Financial Report (June 30, 2023)
• FY 2021–2022 Annual Comprehensive Financial Report (June 30, 2022)
• FY 2020–2021 Annual Comprehensive Financial Report (June 30, 2021)
• FY 2019–2020 Comprehensive Annual Financial Report (June 30, 2020)
• FY 2018–2019 Comprehensive Annual Financial Report (June 30, 2019)
• FY 2017–2018 Audited Financial Statements (June 30, 2018)
• FY 2016–2017 Audited Financial Statements (June 30, 2017)
• FY 2015–2016 Audited Financial Statements (June 30, 2016)
• FY 2014–2015 Audited Financial Statements (June 30, 2015)

Additional Financial Resources

For related documents, please visit:

• Annual City Budget
• Budgets & Finance
• Community Facilities District Reports

Contact the Finance Department

For questions about audited financial statements or City accounting practices, please contact the Finance Department at finance@madera.gov or call (559) 661-5459.