The Finance Department is responsible for establishing and maintaining an accounting and reporting system in accordance with NC General Statutes, federal laws and regulations and generally accepted accounting principles. The Finance Department manages all aspects of the City’s finances to ensure financial stability and responsible stewardship, adhering to principles of integrity, quality, collaboration, and customer service.
Financial Statements:
Monthly financial reports summarize cash positions and cash flows, as well as compare revenues and expenditures to current budget and prior fiscal year. An annual independent audit is performed on the City’s financial statements for the fiscal year which ends June 30.
Audited Financial Statements:
Fiscal Year ending June 30, 2024
Fiscal Year ending June 30, 2023
Fiscal Year ending June 30, 2022
Fiscal Year ending June 30, 2021
Fiscal Year ending June 30, 2020
Fiscal Year ending June 30, 2019
Fiscal Year ending June 30, 2018
Fiscal Year ending June 30, 2017
Fiscal Year ending June 30, 2016
Fiscal Year ending June 30, 2015
Fiscal Year ending June 30, 2014
Other Financial Information:
City of Locust – Fiscal Policy