Schroeder makes City’s financials user-friendly

In an effort to share Buffalo’s financial information in a user-friendly format, Comptroller Mark J.F. Schroeder has issued the city’s latest Popular Annual Financial Report.

“Every year we issue our audited financial statements in a large document known as the Comprehensive Annual Financial Report,” said Schroeder. “Without an accounting or financial background, it can be daunting for the average citizen to interpret the vast amounts of data in that report. So we took the most important information and presented it in a clear, concise way.”

In addition to financial data, the Popular Annual Financial Report contains information on the city’s demographics, economic development, business climate, education system, and cultural attractions.

This is the third Popular Annual Financial Report that Schroeder has published.  The previous two reports each received the Award for Outstanding Achievement in Popular Annual Financial Reporting from the Government Finance Officers Association of the United States and Canada.  Schroeder said he has submitted the latest report, for the fiscal year ending June 30, 2015, to the association for consideration for the same award.

“The report gives a total picture, not just for residents, but also outsiders who may be looking to relocate or invest in Buffalo,” said Schroeder. “We sell millions of dollars’ worth of bonds every year. This document will help us show the bond market that it is a great time to invest in Buffalo.”