Financial Statements and Interim Reports

The City’s financial statements comprise the balance sheet, income statement, cash flow statement and their notes, as well as a comparison of the budget and actual figures and the annual report. The financial statements also include the consolidated financial statements of the City Group.

The interim reports review the development of the City’s finances and operations and assess progress in implementing the annual action plan.

The City of Kuhmo’s financial year is the calendar year. The City Board reviews the financial statements by the end of March or beginning of April at the latest, and the City Council considers them by the end of May. The Audit Committee prepares an audit report before the financial statements are considered by the City Council.

The audit firm for the City of Kuhmo and its subsidiaries is KPMG Oy Ab. The auditor with principal responsibility is Antti Kääriäinen, Authorised Public Accountant (KHT, JHTT).

Interim reports are prepared three times a year, with reporting dates of 30 April and 30 August. The interim reports form part of the City’s system for managing and monitoring operations and finances.