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Annual Financial Reports

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 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.

Beginning in Fiscal Year 2022, the City prepared its first Popular Annual Financial Report (PAFR) which is a summarized form of the City's Annual Comprehensive Financial Report. 

The financial reports and statements of the City of Cape Coral included on this web page represent the financial position and results of operations as of their particular date. The City of Cape Coral assumes no responsibility for updating these financial reports and statements for events which may have occurred subsequent to the date of the auditors’ report. The City of Cape Coral has taken reasonable security measures to protect the integrity of its website and information posted thereon. Absent any unauthorized act that deletes, edits or manipulates the words or data in the financial reports and statements, such financial reports and statements are accurate as of their date.

Continue to Annual Comprehensive Financial Reports

Click here for a primer written by Stephen J. Gauthier on interpreting financial statements. This primer provides a clear explanation on 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.