City of Alexandria, VA
The Accounting Division maintains records on the financial operations of the City, prepares financial reports, prepares checks to fulfill City obligations to vendors, maintains the City's employee payroll, and monitors expenditures and revenues to determine budgetary compliance.
Monthly Financial Report
Each month, the Accounting Division works with the Office of Management and Budget to prepare the City's Monthly Financial Report, which details the City's General Fund revenues and expenditures as of the last day of the month, compares revenues and expenditures to the same period in the previous fiscal year, and provides an assessment of the current state of the economy. This report is presented to City Council by City Manager Rashad M. Young and made available to the public.
Comprehensive Annual Financial Report (CAFR)
The Comprehensive Annual Financial Report (CAFR) represents the City's overall financial position at the end of each fiscal year and reports the City's activities and balances for each fiscal year. The Government Finance Officers Association of the United States and Canada (GFOA) awarded the City of Alexandria a Certificate of Achievement for Excellence in Financial Reporting for the City’s Comprehensive Annual Financial Report (CAFR) for the 34th consecutive year for fiscal year 2011. The City expects to receive the certificate for its Fiscal Year 2012 CAFR. The GFOA awards a certificate to governmental units that display excellence in financial reporting and conform to stringent reporting requirements promulgated by that association and various authoritative bodies.
Bond Issuance and Rating
The City issues General Obligation Bonds to finance the City and School Capital Improvement Program. Bond issuances must first be approved by City Council. Since 1992, the City's bonds have been rated AAA/Aaa by Standard & Poor's and Moody's rating agencies.
The Accounting Division processes all accounts payable and prepares checks to fulfill obligations to vendors. For questions regarding payments due from the City of Alexandria, contact us at: