The City of Grants Pass undergoes an annual audit to report information on local government financial affairs and to ensure compliance with government accounting standards and practices.
Local government has very stringent reporting and accounting standards that require full disclosure of financial affairs to the public that it serves.
The city prepares a Comprehensive Annual Financial Report (CAFR) which serves as the basis for the audit and all reports or disclosures necessary for a reader to understand the financial condition of the city.
The City of Grants Pass has also won the Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting for 34 consecutive fiscal years, the latest award being given for the 2014-2015 CAFR. The Certificate of Achievement is a prestigious award recognizing conformance with the highest standards for preparation of state and local government financial reports.