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Financial Management

 
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About Financial Management

Financial Management Services provided by the Finance Department include:

  • Financial planning, analysis, and reporting including annual financial report, State Controller's Report and other agency reporting
  • Budget preparation, implementation and monitoring
  • Financial data processing, including payroll, accounts payable, purchasing, fixed assets, cash receipts and accounts receivable
  • Cost, project and grant accounting
  • Operations support
  • Financial oversight (Controllership) activities, including management of system of internal control
  • Other financial services as necessary


Financial Reporting

The Finance Department is nationally recognized for its excellence in financial reporting. In this section, users can access the City's Comprehensive Annual Financial Report (CAFR), which includes discussion, analysis, operating results and statistical data on the City of Belmont, Belmont Redevelopment Agency, Belmont Fire Protection District and other entities.

The department also prepares the monthly financial results for the entity in an easy to understand format, as well as performance data on the City's investments.


Monthly Financial Reports (Current)

2018
 Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec

 


AB 1666 Community Facilities District Reports

The City of Belmont utilizes Community Facilities Districts (CFD), which are commonly referred to as Mello-Roos Districts, to finance local public facilities and services. Property owners in a Belmont CFD are taxed annually for their share of the debt service on any bonds that the CFD has issued and/or to pay for the cost of City services.  Proceeds from the taxes are used to ensure that the community is properly maintained and public improvements are constructed.  

Per Government Code Sections 50075.3 (Report on Special Taxes) and 53411 (Report on Bonded Proceeds), the Annual Financial Reports for Community Facilities Districts for fiscal year 2016-17 are posted below.

Fiscal Year 2016-17 Report

Fiscal Year 2017 State Controllers Financial Transactions Report

   
 

Historical Monthly Financial Reports: