Annual financial statements of the city

At the end of the financial year, the so-called annual financial statements are prepared. These summarize whether the budget targets have been met and in which areas there have been deviations. The annual financial statements present the actual asset, income and financial situation. The annual financial statements are therefore the formal and substantive counterpart to the budget.

The budget is binding for the type and extent to which the city fulfills its tasks. The annual financial statements show the extent to which the budget was adhered to, which non-budgetary transactions were carried out and the result of the budget management during the financial year. The effects on assets and the development of debts are also shown, as are the opportunities and risks for future development. The annual financial statements serve as an important decision-making basis for the internal management of the municipal budget.

The annual financial statements consist of the income statement, the financial statement and the balance sheet. In addition, the statement of accounts discusses the economic situation of the municipality from the perspective of the continuous fulfillment of tasks. The most important results and significant deviations of the annual results from the budget estimates are explained and information on the status of municipal task fulfillment is provided. However, expected positive developments and possible risks of particular significance as well as the objectives and strategies are also presented.