The Finance Division consists of a three-person team, the Finance Officer, Senior Financial Analyst, and Financial Analyst focused on financial tasks.

This team is responsible for handling the daily activities involving governmental fund accounting, accounts payable, payroll, budgeting and auditing. They maintain all financial records, including general ledger, cash receipts, journals, posts cash receipts, interdepartmental transfers and journal entries. The team also reconciles and balances all bank accounts, fund balances, monthly bank statements and investment income.

This team also prepares monthly financial reports, presents options and makes recommendations regarding the financial management of the City's operations. They assist in the development, preparation and administration of the annual operating budget and conduct budget-related research as required.

The Finance Division is responsible for managing multiple Urban Renewal Areas within the City limits and works closely with the City's Bond Attorney and Municipal Financial Advisor in regards to all aspects of bonding.

Financial Documents & Reports

Annual Budget

The city’s annual budget represents the city’s operating plan for that fiscal year, July 1st to June 30th.

Financial Policies

Annual Audits

The city’s annual audit is done by third-party independent certified public accountants. The audit looks at the financial statements of the local government, the business-type activities, each major fund, and the aggregate remaining fund information. 

Capital Improvement Plans (CIP)

The CIP document represents the city’s multi-year plan for the maintenance and improvement of the publicly owned infrastructure. The CIP prioritizes the city’s maintenance needs and projects. It also outlines the improvement and replacement needs for the city’s public buildings, major equipment, and information technology.

General Outstanding Obligation Debt Reports

Iowa Code chapter 12.1 requires all political subdivisions of the state to report outstanding obligations to the treasurer of state. Obligations to be reported include bonds, notes, certificates of participation, leases and anticipatory warrants

Annual Urban Renewal Reports