Budgeting and Financial Reporting

The Budgeting and Financial Reporting Section is responsible for coordinating the City’s annual budget and preparing the comprehensive annual financial report (CAFR). 

Budget:

The City of Rancho Cucamonga operates on a fiscal year basis from July 1st through June 30th of the following year.  Accordingly, the City adopts an Annual Budget, which begins in July and ends in June.  The Annual Budget also includes a 5-year Capital Improvement Program (CIP) budget that outlines proposed capital projects, applicable funding sources, and timelines for public improvements in the City.  Both the Annual Budget and the CIP include the City, Library and Fire District operations. Work begins on the budget in January of each year as the City reviews the mid-year revenues and expenditures and begins preparing a draft budget for the following fiscal year.  Departmental meetings are held with the Finance Department and the City Manager’s Office during March and April to prepare a preliminary budget for the City Council to review.  In early June, the City holds a public budget workshop to review the preliminary budget, answer questions, and receive input on the following fiscal year’s budget.    Following the budget workshop, the Final Budget is presented to the City Council in late June for adoption.

Finance staff provide quarterly budget updates to the City Council with a more comprehensive overview provided as of midyear.  Following is a link to the presentation given to City Council on February 19, 2014, regarding the Midyear Budget Update for the six month period ended December 31, 2013.

Midyear Budget Update 02-19-14

See link below for the presentation given to the City Council at the June 11, 2014 budget workshop.

Budget Study Session 06-11-14

Below you will find links to the City's new adopted budget format for Fiscal Years 2014-2015, 2013-2014, and 2012-2013 along with the Fiscal Year 2011-2012 City Budget Summary document.

City Adopted Budget - Fiscal Year 2014-2015

City Adopted Budget - Fiscal Year 2013-2014

City Adopted Budget - Fiscal Year 2012-2013

City Budget Summary - Fiscal Year 2011-2012

If you require additional budget information or would like to learn more about the City budget you may contact the Finance Department at 909-477-2700, Monday through Thursday, 7 a.m. to 6 p.m.

Comprehensive Annual Financial Report (CAFR):

The Comprehensive Annual Financial Report (CAFR) is prepared annually to provide the City Council, citizens, representatives of financial institutions, and others with detailed information concerning the financial condition and performance of the City of Rancho Cucamonga.  The report also provides assurance that the City presents fairly its financial position as verified by independent auditors.  

The CAFR includes the financial activities of the City of Rancho Cucamonga as well as the Rancho Cucamonga Fire Protection District (the District).  Although they are legally separate entities, the City Council also act as the governing board for the District which makes it in substance part of the government operation and are therefore included in the report. 

In addition to reporting financial activity, the CAFR also includes a summarization of significant milestones that were accomplished during the year by department, a summary of the City’s significant accounting policies, and statistical information. The CAFR is prepared by December of each year for the fiscal year ending the preceding June 30.  The City has received the Certificate of Achievement for Excellence in Financial Reporting for its CAFR since 1988.  The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government financial reports.  Below you will find links to the City’s CAFR for the most recent and two preceding years.

Comprehensive Annual Financial Report - June 30, 2013

Comprehensive Annual Financial Report - June 30, 2012

Annual Report of Financial Transactions - June 30, 2011

Comprehensive Annual Financial Report - June 30, 2011