Each year, the City of Covington is required by State law to publish an Annual Comprehensive Financial Report (ACFR) in cooperation with an independent firm of licensed certified public accounts. The ACFR is intended to provide informative and relevant financial data to the residents of the City, the City Commission, investors, creditors and any other interested reader. It includes all statements and disclosures necessary for the reader to obtain a thorough understanding of the City’s financial activities.
The graph below shows current revenues and current expenses from the Statement of Revenues, Expenditures and Changes in Fund Balances for all government funds by fiscal year.
The graph shows only current expenses; therefore it does not include expenses related to debt service and capital outlay
Go to the Revenues & Expenses dashboard for an updated graphic with the completion of each new ACFR.