The City’s Charter requires that the City publish a complete set of audited financial statements for each fiscal year. The Comprehensive Annual Financial Report (CAFR) allows the reader to gain an understanding of Gilroy’s financial activities.
White Nelson Diehl Evans LLP, Certified Public Accountants, have issued an unmodified (“clean”) opinion on Gilroy’s financial statements for the year ended June 30, 2014. The independent auditor’s report is located at the front of the financial section of the CAFR. Management Discussion and Analysis (MD&A) immediately follows the independent auditor’s report and provides a narrative introduction, overview, and analysis of the basic financial statements. It provides a roadmap for the financial statements and related notes.