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Town of Truckee Annual Financial Report

The Administrative Services Department prepares the Annual Financial Report (AFR). The Town’s financial statements present two types of statements, each with a different snapshot of the Town’s finances. The focus is on both the Town as a whole (government-wide) and the individual funds of the Town (fund financial statements). The government-wide financial statements provide both short-term and long-term information about the Town’s overall financial status. The fund financials focus on the individual parts of Town government, reporting the Town’s operations in more detail and on a short-term basis.

The Management’s Discussion and Analysis (635KB) section of the AFR provides financial highlights of the Town’s operations as well as an analytical overview of the Town’s financial activities.

The report is audited by independent outside auditors, who express an opinion on the fairness of the financial statements.

The Fiscal Year 2012-2013 Town of Truckee Annual Financial Report will be presented to Town Council at the December 10, 2013 Council Meeting for acceptance.

         FY 2012-2013 Annual Financial Report

 

2011-2012 Annual Financial Report (3.2MB)

2010-2011 Annual Financial Report (2.8MB)

2009-2010 Annual Financial Report (2.9MB)

2008-2009 Annual Financial Report (2.4MB)

2007-2008 Annual Financial Report  (1.3MB)

2006-2007 Annual Financial Report (3.3MB)

 

Redevelopment Agency Annual Financial Report

The Town of Truckee Redevelopment Agency was dissolved as of January 31, 2012. As of FY 2011/2012 separate audited financial statements are not prepared for the Town of Truckee Redevelopment Successor Agency which is responsible for the wind down of all redevelopment activities.

2010-2011 Redevelopment Agency AFR (2.6MB)

2009-2010 Redevelopment Agency AFR (2.0 MB)

2008-2009 Redevelopment Agency AFR (1.4MB)

2007-2008 Redevelopment Agency AFR (677KB)

2006-2007 Redevelopment Agency AFR (1.5MB)

2005-2006 Redevelopment Agency AFR (980KB)

 

Single Audit

The Single Audit Act of 1984 provides for state and local government recipients of federal financial awards to have one audit performed to meet the needs of all federal grantor agencies. The Town’s Single Audit is performed by the Town’s auditors, Mann, Urrutia, Nelson, Certified Public Accountants.

The Single Audit reports are included in the Other Reports section of the Town's Annual Financial Reports above.

Current Financial Trends

The Town’s three major sources of revenue are property tax, sales tax and transient occupancy tax. The following chart shows the trends for each of these revenue sources over the last 10 years.

Revenue Trends (534KB) - Property Tax, Sales Tax, and Transient Occupancy Tax trend charts

Sales Tax History (13KB)

Transient Occupancy Tax History (11KB)

The following pie charts show the breakdown of revenue sources and expenditure types for the Town of Truckee, Fiscal Year Ended June 30, 2012.

Revenue Pie Chart (64KB)

Expenses Pie Chart (40KB)

  

For a copy of the financial statements or for more information, please contact:

Town of Truckee Administrative Services Department
Attn: Jim McHugh, Senior Accountant
10183 Truckee Airport Road
Truckee, CA 96161
(530) 582-2470

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Last updated: 12/6/2013 4:27:05 PM