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Financial Reports

Annual Comprehensive Financial Report (ACFR)

The Annual Comprehensive Financial Report (ACFR) contains information that can be utilized to evaluate the City’s financial condition and its operational and fiscal accountability for the year. The ACFR consists of a comprehensive summary of the City’s finances and other relevant information for the audit year, including economic overviews, financial analyses, financial statement note disclosures, budgetary and other compliance schedules, and other statistical data. The ACFR is prepared in conformity with accounting principles generally accepted in the United States of America and is audited by the City’s independent auditors.

The City participates in the Certificate of Achievement for Excellence in Financial Reporting Program established by the Government Finance Officers Association. This is the highest recognition Program in the area of government accounting and financial reporting. The City has received the Certificate of Achievement for Excellence in Financial Reporting annually since fiscal year 1991.

Note: The name of these reports changed in 2021 to Annual Comprehensive Financial Report (ACFR) from Comprehensive Annual Financial Report (CAFR).

The information contained herein is the complete and final documents. If a hard copy of the documents are required, you may print a copy from the PDF version provided below. The ACFR may be purchased from the City for $35, and the financial statements may be purchased at $0.25 per page.

Cities Financial Transactions Report

As required by California Government Code Sections 40804 and 53891, the City of Temecula’s Financial Transactions Report shall be submitted to the California State Controller’s Office annually, within seven months after the close of each fiscal year. The report contains the underlying data from audited financial statements. The report can be viewed below.

AB1600 - Development Impact Fees Report

In accordance with Government Code Section 66006, the City compiles an accounting of the Development Impact Fees annually and the report is presented to the City Council at a public hearing within 180 days of the close of each fiscal year.  Per Assembly Bill 516, the report is to be posted on the City's webpage, making it available to the public.

Location Agreement Reporting Requirement under RTC Section 7213

Effective January 1, 2025, Revenue and Taxation Code (RTC) Section 7213 requires the City to annually report specific information related to tax revenue sharing agreements involving Bradley-Burns local sales and use tax.  By April 30 of each year, the report is to be posted on the City's webpage, making it available to the public.