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Annual Financial ReportsBack

City Financial Statements

Fiscal Year 2008 Comprehensive Annual Financial Report (42mb)


This report is prepared by the City's Finance Department in accordance with generally accepted accounting principles (GAAP) and is intended to provide sufficient information to permit an assessment of stewardship and accountability, to demonstrate legal compliance, and to provide management control.  The information contained in the CAFR has not been updated for any potential developments that may have occured subsequent to the date of the independent auditor's report contained therein.

The report includes all funds that are controlled by, or dependent on, the City's executive and legislative departments.

The links below are pdf formatted pages. The complete financial reports are large files. To expedite access we have posted the most recent financial report by section.

1.         Introductory Section 

2.         Financial Section

a.   Independent Auditor's Report  

b. Management's Discussion and Analysis

c.  Basic Financial Statements 

Government-wide Financial Statements:

Fund Financial Statements:

Governmental Fund Financial Statements

Proprietary Fund Financial Statements

Fiduciary Fund Financial Statements

Notes to the Financial Statements 

d.  Required Supplemental Information  

e.   Combining and Individual Fund Statements and Schedules 

Non-Major Governmental Funds

Internal Service Funds

Agency Funds

 

3.         STATISTICAL SECTION  

Financial Trends

Revenue Capacity

Debt Capacity

Demographic and Economic Information

Operating Information

 
*2007 Financial Report - (CAFR) complete report - for historical reference only
*2006 Financial Report - (CAFR) complete report - for historical reference only
*2005 Financial Report - complete report - for historical reference only

*2004 Financial Report - complete report - for historical reference only
Calendar of Events
Little Mountain Trail Work Parties
3/13/2010 - 12/11/2010
Volunteer trail building at Little Mountain Park is underway. If you're interested in helping please come to a volunteer work party at 10am-4:30pm on 3/13, 3/27, 4/10, 4/24 and additional dates listed below.
Effective Resume Writing
3/17/2010
6:30pm. Join Skagit Valley College Professors Brian Hanchett and Jim Jolly for this free program at the Mount Vernon City Library.
27th Annual Skagit Valley Tulip Festival
4/1/2010 - 4/30/2010
Come see the colorful walk-in tulip fields & enjoy the many activities and events throughout April, including visits to local farms, nurseries & wineries, art shows, the Street Fair, Kiwanis Salmon BBQ, & much more.
Downtown Mount Vernon Street Fair
4/16/2010 - 4/18/2010
1st Street, Fri & Sat 10am-6pm, Sun 10am-5pm. Live music at two stages, children's activities and a wonderful variety of food, with artisans from 8 states. Over 100 juried arts and crafts vendors.
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