City of Monrovia
Home MenuAnnual Comprehensive Financial Report
The Annual Comprehensive Financial Report (ACFR) is a complete set of financial statements that summarizes the City’s financial activity for the fiscal year. Monrovia's fiscal year runs from July 1 through June 30.
This report is prepared by the Administrative Services Department and follows Generally Accepted Accounting Principles (GAAP), in compliance with the accounting requirements set by the Governmental Accounting Standards Board (GASB).
The City of Monrovia's ACFR is comprised of six main sections: 1) Introductory Section; 2) Financial Section; 3) Basic Financial Statements; 4) Required Supplementary Information; 5) Supplementary Information; and 6) Statistical Section.