Financial Reporting

Describes Comptroller's Office financial reporting functions.

Comptroller's Office
Financial Reporting Section (FRS)
1200 Market Street
City Hall, Room 311
St. Louis, MO 63103
(314) 622-3588
(314) 622-4354 Fax
The Financial Reporting Section (FRS) of the Comptroller's Office prepares external and internal financial and revenue reports, tracks bank reconciliations and investment decisions, administers the Lateral Sewer Repair Program, and manages the City's Tax Increment Financing (TIF) projects. Financial Reporting also works closely with an external auditing firm to produce the City's Comprehensive Annual Financial Report (CAFR).
      Internal and external financial/revenue reports include the following:
      Comprehensive Annual Financial Report (CAFR) - audited version
      Cash Basis Report - unaudited
      Monthly revenue and fund status reports
      Monthly cash-flow report and analysis
      Periodic reports and presentations to rating agencies and credit providers
The FRS is responsible for the City's revenue reporting. Both revenues received by the Comptroller's Office and revenues directly deposited to the Treasurer are closely monitored. These numbers are updated monthly in order to analyze the City's current financial status.
The FRS interacts closely with the Treasurer's Office regarding bank reconciliations and investment decisions. Trustee bank statements are reconciled and checked for bond indenture compliance. Rolling stock and public safety bond proceeds are also monitored for intended purposes.
The section works with the Street Department to administer the Lateral Sewer Repair Program. The FRS also works with the Board of Public Service to oversee the Forest Park Master Plan and the ½ cent Capital Improvement Sales Tax which funds individual capital improvement accounts for the City's 28 wards. Each fund is monitored for proper contributions and distributions by the FRS.
The City's Tax Increment Financing (TIF) projects are managed by the FRS. Currently the City has more than 130 TIF's. The FRS calculates and captures the tax increment for each individual TIF and monitors each TIF for changes in businesses and tax sources.

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