The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the City of Monterey by the Government Finance Officers Association (GFOA) for its comprehensive annual financial report (CAFR) for the fiscal year ended June 30, 2019. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and receiving this honor represents a significant accomplishment by a government and its management. NEWS RELEASE IN PDF

The Covid-19 pandemic is impacting all City of Monterey operations, service levels and budgets. The City is acting rapidly to jumpstart the economy and safely reopen City services and facilities. To that end, effective July 2020, the Finance Director established a shorter reporting period from bi-monthly to monthly to ensure prompt collection of Transient Occupancy Tax (TOT), also known as Hotel Tax, Conference Center Facilities District Tax (CCFD), and Tourism Improvement District Tax ( TID) per City Code section 35-15(b).    

            Moving to a monthly remittance period will provide the City with more timely cash flow and budget data, and help staff make more informed and effective decisions about the ability to reopen facilities, and bring back staff along with the services and programs our residents are used to enjoying.  Also, starting in July, in an effort to streamline operations, the City’s TOT remittance form will be posted online and the City will discontinue mailing TOT forms to operators.  NEWS RELEASE IN PDF

The City of Monterey's budget faces a devastating loss of $31 million over the span of two years as a result of Covid-19. The State’s Stay at Home and Monterey County Health Department’s Shelter in Place orders required the temporary closure of many of the City’s facilities and the cancellation of many cherished community programs and services, including those provided by the Monterey Public Library, Monterey Sports Center, four community centers, and the Monterey Conference Center. NEWS RELEASE | FLYER | REGISTER HERE