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Annual financial report

2023 City of San Juan Audited Financial Report

original file: 2023 Audit Report & Compliance Report
San Juan

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What is this?

The City of San Juan’s independent auditors examined the 2023 financial statements for all city funds, both governmental and business‑type, and issued an unqualified opinion that the statements fairly present the city’s financial position in accordance with U.S. GAAP. The report shows the city’s total net position grew to $91.76 million, with revenues up $6.42 million and a modest increase in the general fund balance. It also details changes in debt levels and highlights the biggest revenue and expense categories for the year.

Key figures

Auditor's opinion Unqualified – financial statements present fairly
Government‑wide net position $91,758,973
Increase in net position (year over year) $10,090,393
Total revenue increase $6,419,342
General fund balance (end of FY 2023) $7,192,858 (increase of $632,713)
Total governmental long‑term debt $42,280,922
Total business‑type long‑term debt $23,384,331
Generated by gpt-oss:120b