What are Audited Financial Statements?

Audited financial statements are a municipality's official annual financial reports that have been independently examined by a qualified external auditor. These statements present a comprehensive picture of the organization's financial position and performance, typically including the statement of financial position, statement of operations, changes in net financial assets, and cash flows.

All audited financial statements are completed the following year (example: the 2025 audited financial year will be complete in 2026).