Annual Financial Audit

Each year, the City of Mt. Vernon completes an independent financial audit to ensure transparency, accuracy, and accountability in the use of public funds.

About the Audit

State law and City ordinance require the preparation of annual financial statements in accordance with Generally Accepted Accounting Principles (GAAP) within six months after the close of each fiscal year (May 1 – April 30).

The Comprehensive Annual Financial Report (Audit) provides a detailed overview of the City’s financial activities from the past year. It is reviewed by an independent certified public accounting firm following Generally Accepted Auditing Standards (GAAS) to confirm that all financial practices are conducted properly and responsibly.

Why It Matters

The audit demonstrates the City’s commitment to financial transparency and helps residents, businesses, and stakeholders understand how public funds are managed.

Audit Reports

Audits are listed by fiscal year, with the most recent shown first.

Access recent and past audit reports below:

• 2023-2024 Annual Audit
• 2022-2023 Annual Audit
• 2021-2022 Annual Audit
• 2020-2021 Annual Audit
• 2019-2020 Annual Audit
• 2018-2019 Annual Audit
• 2017-2018 Annual Audit
• 2016-2017 Annual Audit