The Finance Department of Grand Terrace is responsible for all Financial Transactions of the City and Agency, including:
- Accounts Payable
- Accounts Receivable
- Payroll
- Investments and Banking
- Budget and Accounting
- Purchasing
- Business License
- Cashier Function
- Fixed Assets
Budget Information
The following documents have been scanned and the viewing quality may vary from one computer to another. The original Budget is available for viewing at City Hall.
Fiscal Year 2024-2025 Adopted Budget
Fiscal Year 2023-2024 Adopted Budget
Fiscal Year 2022-2023 Adopted Budget
Fiscal Year 2021-2022 Adopted Budget
Fiscal Year 2018-19 & 2019-20 Adopted Budget
Fiscal Year 2017-2018 Adopted Budget
Fiscal Year 2016-2017 Adopted Budget
Fiscal Year 2015-2016 Adopted Budget
Fiscal Year 2014-2015 Adopted Budget
Fiscal Year 2013-2014 Approved Budget
Fiscal Year 2012-2013 Budget Workbook Final
Fiscal Year 2011-2012 Preliminary Budget
Fiscal Year 2010-2011 Budget
Five-Year Financial Analysis and Budget Stabilization Plan
Fiscal Year 2014-2015 Appropriations (GANN) Limit
Fiscal Year 2013-2014 Appropriations (GANN) Limit
Fiscal Year 2012-2013 Appropriations (GANN) Limit
Fiscal Policies
Fiscal Year 2022-23 Fiscal Policy
Fiscal Year 2015-16 Fiscal Policy
Financial Audits
The following Financial Audits are available for review:
City of Grand Terrace Audit Report 2023
City of Grand Terrace Audit Report 2022
City of Grand Terrace Audit Report 2021
City of Grand Terrace Audit Report 2020
City of Grand Terrace Audit Report 2019
City of Grand Terrace Audit Report 2018
City of Grand Terrace Audit Report 2017
City of Grand Terrace Audit Report 2016
City of Grand Terrace Audit Report 2015
City of Grand Terrace Audit Report 2014
City of Grand Terrace Audit Report 2013
City of Grand Terrace Audit Report 2012
Grand Terrace Community Redevelopment Audit Report 2012
City of Grand Terrace Audit Report 2011
Grand Terrace Community Redevelopment Audit Report 2011
City of Grand Terrace Audit Report 2010
Grand Terrace Community Redevelopment Audit Report 2010
City of Grand Terrace Audit Report 2009
Grand Terrace Community Redevelopment Audit Report 2009
City of Grand Terrace Audit Report 2008
Grand Terrace Community Redevelopment Audit Report 2008
City of Grand Terrace Audit Report 2007
Grand Terrace Community Redevelopment Audit Report 2007
Sales Tax Reports
The City of Grand Terrace's second largest revenue source is Sales Tax. Sales Tax is imposed upon retailers who sell or rent tangible personal property. The local share is that portion of the sales tax that is distributed back to the City. Below are the most recent Quarterly Reports prepared by the City's Tax Consultant HdL Companies. Each report provides a summary of the quarter's sales tax information and a narrative of the changes since the prior quarter. The City utilizes this information in the budget process. Once you review the information you can see why it is vital that you SHOP Grand Terrace!
2024 First Quarter Report
2023 Fourth Quarter Report
2023 Third Quarter Report
2023 Second Quarter Report
2023 First Quarter Report
2022 Fourth Quarter Report
2022 Third Quarter Report
2022 Second Quarter Report
2022 First Quarter Report
2021 Fourth Quarter Report
2021 Third Quarter Report
2021 Second Quarter Report
Last & Final Recognized Obligations Payment Schedule (ROPS)
OB Resolution 2018-02 - Approve Last and Final ROPS
Download File
Last and Final ROPS Summary
Download Now
Grand Terrace Last and Final ROPS
Download Now