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A look back at the past fiscal year for the City of Pocatello is now available to the public.
Recently, the Finance Department released the Service Level Report as well as the Citizen’s Financial Report and Comprehensive Financial Annual Report (CAFR) to the public for Fiscal Year 2016. Each of the documents go into varying degrees of detail about the finances of the City. The 101-page Service Level Report highlights the efforts of the City department by department. The report includes input (funding) and output (results) summaries, measures of effectiveness, employment, and issues and concerns the various departments may face going forward.
“While helping to inform decision makers when it comes to the dollars and cents of the City, the Service Level Report is more than just a document used for budgeting purposes,” said Joyce Stroschein, Chief Financial Officer. “It shows what was accomplished by each department in a simple format that many will understand. For example, you can see how many people participated in the Parks and Recreation Department’s Team Sports program or how many miles of pavement management was completed by Street Operations as well as their budgetary figures.”
Meanwhile, the CAFR and the Citizen’s Financial Report offer a look at the City’s financial health.
“The CAFR is nearly 200 pages and is written by accountants for accountants. The document is used primarily by finance professionals to assess the City’s creditworthiness. However, the Citizen’s report checks in at 23 pages and is written in simpler language that should be an easier read.”
Last year, the City of Pocatello Finance Department was awarded the Certificate of Achievement for Excellence in Financial Reporting for their work on the CAFR for Fiscal Year 2015 by the Government Finance Officers Association of the United States and Canada (GFOA). The certificate is the highest form of recognition in governmental accounting and financial reporting. Fiscal Year 2015 is the 12th consecutive year that the department has received the certificate.
Residents who would like to view the reports as well as documents from previous years can do so at pocatello.us/finance.