Financial Reports Archive

These reports are archival. For current reports, visit the Budget & Finance page.

Annual Comprehensive Financial Report (ACFR)

The ACFR is prepared and published annually by the City's Finance Department.

Introduction

The Letter of Transmittal provides an overview of the City and the City's financial position. The GFOA Certificate of Achievement reflects our high standards in financial reporting. The Organizational Chart provides an overview of our organizational structure. The City Officials provide a list of elected and appointed City officials.

Financial Section

The Independent Auditors' Report provides an independent opinion on the validity of the presented financials.

The Management's Discussion and Analysis provides a narrative overview and analysis of the City of Rochester's financial activities.

The Basic Financial Statements are an index to take you to all Statements and Schedules in the Financial Section.

Combining and Individual Fund Statements and Schedules

Supplementary Information Section

Statistical Tables

The Statistical Tables serve as an index to all the financial and demographic tables.

The City's FY 2004 Annual Comprehensive Financial Report (ACFR) was issued on May 16, 2004.

The City's FY 2005 Annual Comprehensive Financial Report (ACFR) was issued on May 30, 2006.

The City's FY 2006 Annual Comprehensive Financial Report (ACFR) was issued on May 30, 2006.

The City's FY 2006 Annual Comprehensive Financial Report (ACFR) was issued on May 30, 2007.

The City's FY 2008 Annual Comprehensive Financial Report (ACFR) was issued on June 15, 2009.

The City's FY 2009 Annual Comprehensive Financial Report (ACFR) was issued on June 15, 2010.

The City's FY 2010 Annual Comprehensive Financial Report (ACFR) was issued on June 22, 2011.

The City's FY 2011 Annual Comprehensive Financial Report (ACFR) was issued on June 22, 2012.

The City's FY 2012 Annual Comprehensive Financial Report (ACFR) was issued on June 24, 2013

The City's FY 2013 Annual Comprehensive Financial Report (ACFR) was issued on June 26, 2014.

The City's FY 2014 Annual Comprehensive Financial Report (ACFR) was issued on June 24, 2015.

The City's FY 2015 Annual Comprehensive Financial Report (ACFR) was issued on June 20, 2016.

The City's FY 2016 Annual Comprehensive Financial Report (ACFR) was issued on June 28, 2017.

The City's FY 2017 Annual Comprehensive Financial Report (CAFR) was issued on June 12, 2018.

The City's FY 2018 Annual Comprehensive Financial Report (ACFR) was issued on June 14, 2019.

The City's FY 2019 Annual Comprehensive Financial Report (ACFR) was issued on June 22, 2020.

The City's FY 2020 Annual Comprehensive Financial Report was issued on June 18, 2021.

The City's FY 2021 Annual Comprehensive Financial Report was issued on June 16, 2022.

The City's FY 2022 Annual Comprehensive Financial Report was issued on June 28, 2023.

The City's FY 2023 Annual Comprehensive Financial Report was issued on June 20, 2024.

The City's FY 2024 Annual Comprehensive Financial Report was issued on June 23, 2025.

Budget Summaries

The City of Rochester Mayor, City Council, and professional team strive to be responsible stewards of public funds. This is evidenced by the City's AAA rating and 50 years of receiving the Certificate of Financial Excellence (the longest in Minnesota).  

The City Council begins the budget process by adopting its priorities, goals, and strategies for the organization and the community in the early part of the calendar year.  

A transparent and open process is important to ensure public trust and confidence. The purpose of this page is to provide the public with information as the City proceeds with the development of the current operating budget and the capital improvement program (CIP).

Budget Year 2022 Related

Budget Year 2023 Related

Additional Budget Process Information

While the budget process really is an year-round process, conversations with the City Council begin to pickup in pace and frequency in July/August.  Over the past two years, the City has made modifications to the process to provide the City Council and community more time with the proposed budget and information.  In addition, there is now more being done to project future revenues and expenditures.

Additional Budget Process Information

While the budget process really is an year-round process, conversations with the City Council begin to pickup in pace and frequency in July/August.  Over the past two years, the City has made modifications to the process to provide the City Council and community more time with the proposed budget and information.  In addition, there is now more being done to project future revenues and expenditures.

The City of Rochester contracts with a number of non-profit agencies to provide needed public service to the Rochester community.  The council determines funding based upon available resources and the public benefit these organizations provide, benefits that might otherwise need to be provided by the City government.  

The following outside agencies are scheduled to receive City funding in the coming budget year:

Senior Citizens CenterDiversity Council
Rochester Area Economic Development, Incorporated (RAEDI)
Greater Rochester Advocates for Universities and Colleges (GRAUC)
Rochester Art Center
Rochester Civic Theater
Rochester Youth Commission
Rochester Human Rights Commission
RNeighbors
Southeastern Minnesota Initiative Fund
History Center of Olmsted County  

Outside Agency Financial Data

Financial Data about most all of these non-profit organizations is available  through a separate website called GuideStarTM.  Click on the link below to leave this site and go the GuidestarTM  site:

A Note on using GuidestarTM

Registration on this site is required in order to obtain this information from GuideStar, however, basic registration is free.

Once registered, search for the non-profit organization of interest, then click on the tab labeled  “Forms 990 and Docs” to find links to the last three years of financial data.

Semi-Monthly Accounts Payable

AP Report for March 2, 2026 Council Meeting

AP Report for January 5, 2026 Council Meeting

AP Report for December 8, 2025 Council Meeting

AP Report for December 1, 2025 Council Meeting

AP Report for November 17, 2025 Council Meeting

AP Report for November 3, 2025 Council Meeting

AP Report for October 6, 2025 Council Meeting

AP Report for September 22, 2025 Council Meeting

AP Report for September 8, 2025 Council Meeting

AP Report for August 11, 2025 Council Meeting

AP Report for July 21, 2025 Council Meeting

AP Report for July 7, 2025 Council Meeting

AP Report for June 16, 2025 Council Meeting

AP Report for June 2, 2025 Council Meeting

AP Report for May 19, 2025 Council Meeting

AP Report for May 5, 2025 Council Meeting

AP Report for April 21, 2025 Council Meeting

AP Report for April 7, 2025 Council Meeting

AP Report for March 17, 2025 Council Meeting

AP Report for March 3, 2025 Council Meeting

AP Report for February 19, 2025 Council Meeting

AP Report for February 3, 2025 Council Meeting

AP Report for January 22, 2025 Council Meeting

AP Report for January 6, 2025 Council Meeting

AP Report for December 9, 2024 Council Meeting  

AP Report for December 2, 2024 Council Meeting

AP Report for November 18, 2024 Council Meeting

AP Report for November 4, 2024 Council Meeting

AP Report for October 21, 2024 Council Meeting

AP Report for October 7, 2024 Council Meeting

AP Report for September 23, 2024 Council Meeting

AP Report for September 9, 2024 Council Meeting

AP Report for August 19, 2024 Council Meeting

AP Report for August 5, 2024 Council Meeting

AP Report for July 15, 2024 Council Meeting

AP Report for June 17, 2024 Council Meeting

AP Report for June 3, 2024 Council Meeting

AP Report for May 20, 2024 Council Meeting

AP Report for May 6, 2024 Council Meeting

AP Report for April 22, 2024 Council Meeting

AP Report for April 8, 2024 Council Meeting

AP Report for March 18, 2024 Council Meeting

AP Report for March 4, 2024 Council Meeting

AP Report for February 21, 2024 Council Meeting

AP Report for February 5, 2024 Council Meeting

AP Report for January 22, 2024 Council Meeting

AP Report for January 8, 2024 Council Meeting

AP Report for December 11, 2023 Council Meeting

AP Report for December 4, 2023 Council Meeting

AP Report for November 20, 2023 Council Meeting

AP Report for November 6, 2023 Council Meeting

AP Report for October 16, 2023 Council Meeting

AP Report for October 2, 2023 Council Meeting

AP Report for September 18, 2023 Council Meeting

AP Report for September 6, 2023 Council Meeting

AP Report for August 21, 2023 Council Meeting

AP Report for August 7, 2023 Council Meeting

AP Report for July 24, 2023 Council Meeting

AP Report for June 26, 2023 Council Meeting

AP Report for June 5, 2023 Council Meeting

AP Report for May 15, 2023 Council Meeting

AP Report for May 1, 2023 Council Meeting

AP Report for April 17, 2023 Council Meeting

AP Report for April 3, 2023 Council Meeting

AP Report for March 20, 2023 Council Meeting

AP Report for March 6, 2023 Council Meeting

AP Report for February 22, 2023 Council Meeting

AP Report for February 6, 2023 Council Meeting

AP Report for January 23, 2023 Council Meeting

AP Report for January 9, 2023 Council Meeting

AP Report for December 12, 2022 Council Meeting

AP Report for December 5, 2022 Council Meeting

AP Report for November 14, 2022 Council Meeting

AP Report for November 2, 2022 Council Meeting

AP Report for October 17, 2022 Council Meeting

AP Report for October 3, 2022 Council Meeting

AP Report for September 19, 2022 Council Meeting

AP Report for September 7, 2022 Council Meeting

AP Report for August 22, 2022 Council Meeting

AP Report for August 1, 2022 Council Meeting

AP Report for July 18, 2022 Council Meeting

AP Report for June 20, 2022 Council Meeting

AP Report for June 6, 2022 Council Meeting

AP Report for May 16, 2022 Council Meeting

AP Report for May 2, 2022 Council Meeting

AP Report for April 18, 2022 Council Meeting

AP Report for April 4, 2022 Council Meeting

AP Report for March 21, 2022 Council Meeting

AP Report for March 07, 2022 Council Meeting

AP Report for February 23, 2022 Council Meeting

AP Report for February 7, 2022 Council Meeting

AP Report for January 19, 2022 Council Meeting

AP Report for January 3, 2022 Council Meeting

AP Report for December 13, 2021 Council Meeting

AP Report for December 6, 2021 Council Meeting

AP Report for November 15, 2021 Council Meeting

AP Report for November 1, 2021 Council Meeting

AP Report for October 18, 2021 Council Meeting

AP Report for October 4, 2021 Council Meeting

AP Report for September 20, 2021 Council Meeting

AP Report for August 30, 2021 Council Meeting

AP Report for August 16, 2021 Council Meeting

AP Report for August 2, 2021 Council Meeting

AP Report for July 19, 2021 Council Meeting

AP Report for June 21, 2021 Council Meeting

AP Report for June 7, 2021 Council Meeting

AP Report for May 17, 2021 Council Meeting

AP Report for May 3, 2021 Council Meeting

AP Report for April 19, 2021 Council Meeting

AP Report for April 5, 2021 Council Meeting

AP Report for March 15, 2021 Council Meeting

AP Report for March 1, 2021 Council Meeting

AP Report for February 17, 2021 Council Meeting

AP Report for February 1, 2021 Council Meeting

AP Report for January 20, 2021 Council Meeting

AP Report for January 4, 2021 Council Meeting

AP Report for December 14, 2020 Council Meeting

AP Report for December 7, 2020 Council Meeting

AP Report for November 23, 2020 Council Meeting

AP Report for November 9, 2020 Council Meeting

AP Report for October 19, 2020 Council Meeting

AP Report for October 5, 2020 Council Meeting

AP Report for September 21, 2020 Council Meeting

AP Report for August 31, 2020 Council Meeting

AP Report for August 17, 2020 Council Meeting

AP Report for August 3, 2020 Council Meeting

AP Report for July 20, 2020 Council Meeting

AP Report for July 6, 2020 Council Meeting

AP Report for June 10, 2020 Council Meeting

AP Report for May 4, 2020 Council Meeting

AP Report for April 20, 2020 Council Meeting

AP Report for April 06, 2020 Council Meeting

AP Report for March 16, 2020 Council Meeting

AP Report for Feb 26, 2020 Council Meeting

AP Report for Feb 19, 2020 Council Meeting

AP Report for Feb 03, 2020 Council Meeting

AP Report for Jan 22, 2020 Council Meeting

AP Report for Jan 6, 2020 Council Meeting

AP Report for Dec 16, 2019 Council Meeting

AP Report for Dec 2, 2019 Council Meeting

AP Report for Nov 18, 2019 Council Meeting

AP Report for Nov 4, 2019 Council Meeting

AP Report for Oct 21, 2019 Council Meeting

AP Report for Oct 7, 2019 Council Meeting

AP Report for Sep 16, 2019 Council Meeting

AP Report for Sep 4, 2019 Council Meeting

AP Report for Aug 19, 2019 Council Meeting

AP Report for Aug 5, 2019 Council Meeting

AP Report for Jul 22, 2019 Council Meeting

AP Report for Jul 8, 2019 Council Meeting

AP Report for Jun 17, 2019 Council Meeting

AP Report for Jun 3, 2019 Council Meeting

AP Report for May 20, 2019 Council Meeting

AP Report for May 06, 2019 Council Meeting

AP Report for Apr 15, 2019 Council Meeting

AP Report for Apr 1, 2019 Council Meeting

AP Report for Mar 18, 2019 Council Meeting

AP Report for Mar 4, 2019 Council Meeting

AP Report for Feb 20, 2019 Council Meeting

AP Report for Feb 4, 2019 Council Meeting

AP Report for Jan 23, 2019 Council Meeting

AP Report for Jan 7, 2019 Council Meeting

Contact Us

City of Rochester

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Rochester, MN 55904

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