Prepares external and internal financial reports, tracks cash flow and prepares bank reconciliations.
The Financial Reporting Section 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.
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
Financial Reporting 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.
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 Financial Reporting. FRS calculates and captures the tax increment for each individual TIF and monitors each TIF for changes in businesses and tax sources.
Location & Contact
Financial Reporting Section (FRS)
1200 Market Street
City Hall, Room 311
St. Louis, MO 63103
(314) 622-4354 Fax