Financial Reports and Policies
The City of Berkeley has several policies to guide the management of its finances. The City also regularly reports out on the status of its finances through a variety of reports.
Debt Management and Disclosure Policy
The Debt Management Policy provides guidelines for how the City of Berkeley will manage its debt portfolio.
General Fund Reserve Policy
The General Fund is the City’s primary operating fund that pays for general services provided by the City as well as public safety and capital improvements. The General Fund Reserve Policy describes the reserves that the City will set aside in case of economic downturns or catastrophic events.
The Director of Finance invests the City’s idle funds in order to ensure financial security. The City Council approves an annual investment strategy that sets the policy for how the City will invest its funds.
The City’s investment policy is to invest public funds in a manner that will provide maximum security, adequate liquidity and sufficient yield, while meeting the daily cash flow demands of the City and conforming to all statutes and regulations governing the investment of public funds.
Annual Comprehensive Financial Report
Read the Annual Comprehensive Financial Report (ACFR) for information about the financial state of the City. The report contains details about revenue generated from various City funds, as well as demographic and statistical information to help you understand the financial condition of the City for each fiscal year.
Quarterly Investment Reports
The Director of Finance provides quarterly reports to City Council on the status of the investment portfolio. The report includes all investments managed by the City of Berkeley and provides information on the types, values, term, and yield of each security.
- FY2022 1st quarter report
- FY2021 4th quarter report
- FY2021 3rd quarter report
- FY2021 2nd quarter report
- FY2021 1st quarter report
- FY2020 4th quarter report
- FY2020 3rd quarter report
- FY2020 2nd quarter report
- FY2020 1st quarter report
Indirect Cost (IDC) Allocation Plan
The annual Indirect Cost Allocation Plan documents the costs associated with City services. The plan also lays out how indirect costs will be distributed across operating Departments for a given fiscal year.
Single Audit Report
Each year, an independent auditor reviews the City of Berkeley’s federal grant funded programs, and compiles a report. The audit examines both financial reporting and compliance.