Annual Comprehensive Financial Report
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The City of Spokane's Annual Comprehensive Financial Report for fiscal year 2022 provides a complete accounting of the city's financial position as of December 31, 2022, prepared by the Finance Department under CFO Tonya Wallace. The report includes government-wide and fund-specific financial statements covering governmental, proprietary, and fiduciary funds, along with management's discussion and analysis of financial results. The document serves as an official record of the city's financial activity and audited performance for the fiscal year.
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The March 2024 financial report for the City of Spokane shows the General Fund performing favorably through the first quarter, with revenues at $24.5 million (2.0% above budget projections) and expenditures at $53.6 million (3.7% below budget). The amended 2024 budget totals $245.9 million in revenues and $244.3 million in expenditures, reflecting adjustments including $3.1 million in ARPA funding transferred back to the General Fund for police vehicle purchases. The report notes that the city uses cash accounting during the year, with figures potentially changing significantly when moving to modified accrual accounting at year-end.
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