Annual Audit Reports/ACFR

The Town is required to have its financial records audited annually by an independent accounting firm. Once the annual audit is complete, the Town issues its Annual Audit Report or Annual Comprehensive Financial Report (ACFR). The ACFR comprises the Town’s actual audited revenues and expenditures and presents the Town’s financial position at the end of the fiscal year. The ACFR is also useful in the preparation of the Town’s budget in subsequent years as it can be used as a model for future predictions of the Town’s revenues and expenditures. To view the Town’s budget documents, please visit here.

What is in a ACFR or Annual Audit Report?

The ACFR is presented in three sections:

  1. Introductory section - includes transmittal letter.
  2. Financial section - includes the independent auditor’s report and contains management’s discussion and analysis, government-wide financial statements, fund financial statements, notes to the financial statements, required supplementary information, combining financial statements and schedules.
  3. Statistical section - includes additional financial, economic and demographic information.

Citizen Centric Report

The Citizen Centric Report is a short, 4-page document that summarizes the performance and financial condition of Christiansburg for a fiscal year. It is meant to make the results and information of the ACFR more accessible for the general public. To view these reports, please see the resources below. You can also pick up a print copy of the report at Town Hall, 100 E. Main Street.


Please note: These documents may take a few minutes to load.

More Information

If you are looking for information on annual audit reports not posted here, please email the Office of Public Relations or call at 540-382-6128, ext.1150.