Reports and Financial Information

Each year the Finance Department prepares an Annual Comprehensive Financial Report (ACFR). This report complies with Ohio law that requires all cities to file an unaudited basic financial statement with the Auditor of State within 150 days of the end of the previous year. Ohio law also requires regular audits to be performed on all financial related operations of the city. These may be performed by either the State Auditor's Office or an independent public accounting firm.

The Government Finance Officers Association (GFOA) issues Certificate of Achievement awards as the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment. As the recipient of the Certificate of Achievement for Excellence in Financial Reporting for 23 consecutive years, the Finance Director is committed to transparency, accountability and serving the best interests of the community and its elected officials.

Monthly financial reports are cumulative and presented on a cash basis.

According to Moody’s Investors Service, “the City of North Ridgeville, OH (Aa1) demonstrates a strong credit profile highlighted by its healthy financial condition and solid economic fundamentals. The city's main revenue stream, income taxes, have weathered economic impacts of the coronavirus pandemic well, reaching historic highs in fiscal 2021. The city's local economy benefits from its inclusion within the broader Cleveland (Aa1 stable) metropolitan region, and its ongoing population growth should contribute to additional income tax gains going forward.”

Read the full 2022 Credit Opinion here.