Financial Reports

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Monthly Financial Reports

Monthly department reports are prepared to monitor the actual financial transactions of the City compared to the annual budget. These reports are provided to all City Commissioners and the City Manager. The City of Brentwood is committed to providing bond investors, citizens and other interested parties timely and transparent financial information.

Fiscal Year 2025

Fiscal Year 2024

PRIOR YEAR'S REPORTS

Other Post Employment Benefits Actuary Reports (OPEB)

In accordance with the requirements of the Government Accounting Standards Board (GASB), the City is required to account for the future costs of retiree life and health insurance benefits for qualified employees under the City's personnel policies. GASB now requires governmental units to expense such benefit obligations on the balance sheet when they are incurred rather than when they are paid. Annual funding requirements are based on a bi-annual actuarial study of future financial obligations. The actuarial study also determines the proper amount to be transferred to the Post Employment Benefits Trust. The trust is a legal instrument designed to ensure that such funds are used only to pay for qualified retiree benefits in the future and to enhance the return on investment of idle funds for which significant payment of obligations will not occur for 5-10 years.

The following are bi-annual OPEB actuary studies:

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