Finance

Budgeting & Financial Reporting

Budget Snapshot

 To view the budget snapshot, please click on the PDF below.

Annual Budget

The City of Upland operates on a fiscal year basis from July 1st through June 30th of the following year.  Accordingly, the City adopts an Annual Budget, which begins in July and ends in June.  Work begins on the budget in January of each year as the City reviews the mid-year revenues and expenditures and begins preparing a draft budget for the following fiscal year.  Departmental meetings are held with the Finance Department and the City Manager’s Office during March and April to prepare a preliminary budget for the City Council to review.  In early June, the City meets with the Finance Committee to review the preliminary budget, answer questions, and receive input on the following fiscal year’s budget.  Following the Finance Committee meeting, the final budget is presented to the City Council for adoption.

Comprehensive Annual Financial Report (CAFR)

The Comprehensive Annual Financial Report (CAFR) is prepared annually to provide the City Council, citizens, representatives of financial institutions, and others with detailed information concerning the financial condition and performance of the City of Upland.  The report also provides assurance that the City presents fairly its financial position as verified by independent auditors.  

The CAFR includes the financial activities of the Successor Agency to the former Upland Community Redevelopment Agency (UCRA) and the Upland Public Financing Authority (Authority).  Although the Successor Agency to UCRA and the Authority are legally separate from the City, the City has certain responsibilities with respect to fiscal accountability fo those entities and are therefore included in the report.

In addition to reporting financial activity, the CAFR also includes a summarization of significant milestones that were accomplished during the year and statistical information. The CAFR is prepared by December of each year for the fiscal year ending the preceding June 30.  The City has received the Certificate of Achievement for Excellence in Financial Reporting for its CAFR since 2002.  The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government financial reports.

The City of Upland prepares monthly financial reports which are presented to City Council during City Council Meetings.

City
of
Upland
California

460 N. Euclid Avenue
Upland, CA 91786
(909) 931-4100

Hours of Operation:
Monday - Thursday
8:00 a.m. to 6:00 p.m.