The City publishes a Comprehensive Annual Financial Report, or CAFR, each year following completion of the annual audit. The CAFR is prepared by the City's Finance Department in accordance with Generally Accepted Accounting Principles (GAAP). The CAFR also meets standards prescribed by the Governmental Accounting Standards Board (GASB) and the Government Finance Officers Association of the United States and Canada (GFOA).
The contents of the CAFR present the City's financial position and results of operations. Additionally, a variety of explanatory, demographic, historical, and statistical information is included to help readers better understand the City's financial condition.
The City’s CAFR has received the “Certificate of Achievement for Excellence in Financial Reporting” each year since 1998, and six years before that. The Certificate is awarded by an impartial panel of GFOA reviewers. Receipt of the Award indicates that the CAFR not only complies with the high standards of the review program but also demonstrates a constructive "spirit of full disclosure."
University Park's CAFR is published by March 31 each year, following the previous September 30 fiscal year-end.
Click here to view the City's Fiscal Year 2014 CAFR
Click here to view the City's Fiscal Year 2013 CAFR
Click here to view the City's Fiscal Year 2012 CAFR
Click here to view the City's Fiscal Year 2011 CAFR
Click here to view the City's Fiscal Year 2010 CAFR
For more information: Tom Tvardzik, Director of Finance
City of University Park
3800 University Blvd.
University Park, TX 75205