The Finance Department manages the financial resources of the City, prepares the budget and financial statements, oversees the bid process, bond issues, purchasing, Requests for Proposals (RFPs), Requests for Quotations (RFQs), risk management, surplus property and the administrative operations for Albany Municipal Court.
City Budgets
City Budgets
The City of Albany operates on a biennial budget with a fiscal year running July 1-June 30.
Annual Comprehensive Financial Reports
Annual Comprehensive Financial Reports (ACFR)
The Annual Comprehensive Financial Report (ACFR) is a detailed financial report for a government entity, prepared to meet the Governmental Accounting Standards Board (GASB) requirements and recognized by the Government Finance Officers Association (GFOA) through its Certificate of Achievement for Excellence in Financial Reporting program. The ACFR goes beyond minimum reporting requirements to provide a complete picture of the government's financial activities, featuring an introductory section, a detailed financial section with independently audited statements, and a statistical section with trend data. The ACFR is usually completed by the end of each calendar year.
- 2023 Annual Comprehensive Financial Report
- 2022 Annual Comprehensive Financial Report
- 2021 Annual Comprehensive Financial Report
- 2020 Comprehensive Annual Financial Report
- 2019 Comprehensive Annual Financial Report
- 2018 Comprehensive Annual Financial Report
- 2017 Comprehensive Annual Financial Report
- 2016 Comprehensive Annual Financial Report
- 2015 Comprehensive Annual Financial Report
Note: Prior to 2021, the Government Finance Officers Association (GFOA) referred to these documents as Comprehensive Annual Financial Reports.