Financial Reports

Annual Comprehensive Financial Report

The City of Reynoldsburg compiles financial statements that conform to generally accepted accounting principles (GAAP) and are audited in accordance with generally accepted auditing standards by the Auditor of State. Pursuant to that requirement, the City issues the Annual Comprehensive Financial Report for each fiscal year end.

City Budget

The budget adheres to the city’s financial policies and enhances the city’s financial position while providing citizens with a comprehensive view of proposed funding for the city’s day-to-day operations, planned capital improvements, as well as principal and interest payments for outstanding debt and capital leases. Operations are organized by departments to help the public understand how resources are allocated.

GFOA Award

The City of Reynoldsburg is proud to announce the GFOA of the US & Canada has awarded the Certificate of Achievement for Excellence in Financial Reporting to the City of Reynoldsburg for its annual comprehensive financial report for the fiscal year ending December 31, 2020.
The report has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the report.
This marks the 30th consecutive year in a row that the City of Reynoldsburg has been awarded this Certificate of Achievement.
The Certificate of Achievement is the highest form of recognition in governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

Independent Audits

The City is required to have annual accountability and financial audits conducted by the Auditor of State. An accountability audit examines and reports on how the City manages, uses, and safeguards public resources. A financial statement audit examines and reports on whether the city’s financial statements are accurate and complete and comply with provisions of laws, regulations, contracts and grant agreements.