The ACFR is the City's audited annual financial statement, prepared by the accounting division of the FinanceDepartment and presented to the CityCommission with the auditor's reports.
The Commission accepted the ACFR and audit reports for fiscal year 2025 at CityCommission2026-01-20, carried 5-0.
The external audit is performed under contract; a three-year audit contract with Eide Bailly LLP was approved at CityCommission2025-02-04. The AuditCommittee oversees external audit coverage, reviews accounting policies and reviews the financial statements before they reach the Commission.
The City posts the report on its website. It is the best single document for anyone trying to understand City finances beyond a single year's budget — it carries the fund balances, the long-term debt schedule and the statistical section that the budget resolution does not.
2025 ACFR: https://greatfallsmt.gov/1110/2025-Annual-Comprehensive-Financial-Repo ACFR: https://greatfallsmt.gov/353/ACFR
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