Overview

The Finance Department prepares monthly, quarterly, and annual financial reports. These reports show how the City collects and spends public funds and provide an overview of Newcastle’s financial condition.

Annual Financial Reports

Each year, the City prepares financial statements in line with generally accepted accounting principles (GAAP). These statements form the basis of the annual audit by the Washington State Auditor’s Office. They include information on revenues and expenditures, fund balances, and city liabilities, giving a full picture of the city’s finances.

View Annual Reports in the Document Center.

Quarterly Financial Reports

State law requires quarterly reports to be presented to the City Council to provide an update on the city’s finances during the year. They compare actual revenues and spending to the adopted budget for all funds. These reports focus primarily on the General Fund while summarizing other funds. These updates help the City Council and staff track financial performance and make informed decisions.

View Quarterly Reports in the Document Center.

Monthly Financial Reports

The City prepares monthly Snapshot reports to provide timely information on revenues, spending, and fund balances. They are used to monitor ongoing financial activity and support budget management, including necessary amendments. They are presented to the Finance Committee before being shared with the full City Council and public.

View Monthly Reports in the Document Center.