Budget

Tax Budget

The annual tax budget is prepared and presented to Council in mid-July. This budget is required by State law and is available for public inspection.

Annual Operating Budget

In the fall, the proposed operating budget for the next fiscal year is presented to Council at two Council-Manager briefings. A public hearing is then held to discuss the budget at the beginning of the next Council meeting. At the final Council meeting for the calendar year, the legislation to adopt this budget for the next calendar year is presented to Council. Passage of this legislation prior to the beginning of the year allows the City to begin operations on January 1 without requiring a special meeting of Council to pass the budget.

Capital Improvement Program Budget

In the spring, the proposed Capital Improvement Program (CIP) budget for the year is presented to Council at a Council-Manager briefing. This budget is a comprehensive program covering five years with discussions focusing on projects planned during the current calendar. The remaining years are meant as planning tools to plan for the future. At the next Council meeting, the legislation to approve the CIP budget for the current year is presented to Council. Passage of this legislation allows for bidding and work to begin on capital projects and purchases. View the CIP page of Fairfield.

Distinguished Budget Presentation Award

This report details the City's Annual Budget and reflects both guidelines established by the National Advisory Council on State and Local Budgeting and the GFOA's best practices on budgeting. The GFOA established the Distinguished Budget Presentation Awards Program in 1984 to encourage and assist state and local governments to prepare budget documents of the very highest quality. For more information view the Distinguished Budget Presentation Award page.

Finance Reports & Data

Annual Information Statement

This statement pertains to City operations for the previous calendar year. This statement is issued on an annual basis in connection with the offering and issuance of bonds and notes by the City. Any questions regarding this statement should be directed to Chris Hacker, Finance Director. View more details by viewing the Annual Information Statements.

Annual Comprehensive Financial Report

This report represents and reflects the City’s financial operations and condition for the previous year to the City residents, elected officials, management personnel, financial instig/directory.aspx?EID=129tutions, bondholders, rating agencies and all other parties interested in the City’s financial affairs. For more information view the Annual Comprehensive Financial Report page.

Popular Annual Financial Report

The Department of Finance is proud to present the City of Fairfield’s Popular Annual Financial Report (PAFR). The PAFR summarizes the City’s financial activities from a more detailed report called the Annual Comprehensive Financial Report (ACFR). The ACFR contains financial statements prepared in conformance with Generally Accepted Accounting Principles (GAAP) and is audited by an independent auditing firm. For more information view the Popular Annual Financial Report.

Resident's Guide to Understanding Local Tax

This document pertains to all local tax for the previous calendar year. It focuses on providing clarity to residents on how their tax dollars are collected and spent. Please read and review the following document, Resident's Guide to Understanding Local Tax for further insight of how your local tax dollars enhance the City. Any questions regarding this statement should be directed to Chris Hacker, Finance Director.