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Eastvale Finance Department Presents Comprehensive Annual Financial Report

Post Date:01/23/2020 9:35 AM

FOR IMMEDIATE RELEASE
January 23, 2020

Eastvale Finance Department Presents Comprehensive Annual Financial Report

Eastvale, CA – The City of Eastvale Finance Department, in partnership with independent auditors Teaman, Ramirez, and Smith Inc., presented its Comprehensive Annual Financial Report (CAFR) to City Council and the public, during the Eastvale City Council meeting on January 22, 2020. The CAFR was compiled to capture the City’s financial activity for Fiscal Year 2018/2019. The Eastvale Finance Department was pleased to report that the City underwent a clean audit with no findings.

“We want to congratulate our Finance Department for positioning the City of Eastvale in a strong and healthy financial position,” Mayor Brandon Plott said. “It’s always been a focus for City Council and City Staff to have our finances as a top priority. It is our goal to remain fiscally sound while creating a more robust local economy to better serve our residents and businesses, and therefore achieve a thriving community and long-term sustainability.”

The CAFR is a detailed presentation made up of three sections: an introductory section to guide the reader, a financial section to present financial statements as well as the auditor’s report, and a statistical section to provide additional data. The purpose of the CAFR is to provide insight to the public, investors, and other interested groups into how the City has managed its finances throughout the prior fiscal year. The report is created using the requirements set by the Governmental Accounting Standards Board (GASB), then reviewed by independent auditors to ensure accuracy and compliance. Upon review of the City of Eastvale’s CAFR, Teaman, Ramirez, and Smith Inc., expressed reasonable assurance that the City’s financial statements are free from material misstatement.

The City of Eastvale has been proudly awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officer Association for the past 7 fiscal years, and is currently awaiting a response for Fiscal Year 2018/2019. Eastvale continually strives for a conservative, collaborative, transparent, and innovative approach to financial reporting, and is pleased to report a clean audit for fiscal year 2018/2019.

Click here to view the Comprehensive Annual Financial Report for Fiscal Year 2018/2019.

 

About the City of Eastvale

The City of Eastvale was founded on October 1, 2010 as an independent local government agency, governed by a five-member, elected City Council.  The City of Eastvale serves over 73,700 residents and encompasses 13.1 square-miles in western Riverside County.  Eastvale is a young and dynamic community filled with economic opportunity, tremendous growth, and strong values. 

Media Contact:

Marc A. Donohue | City Clerk/Acting Public Information Officer
951.703.4421 | mdonohue@eastvaleca.gov

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For full media release, click here. 

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