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
The city’s annual budget represents the city’s operating plan for that fiscal year, July 1st to June 30th.
- 2018 - 2019 Approved Operating Budget
- 2019 - 2020 Approved Operating Budget
- 2020 - 2021 Approved Operating Budget
- 2021 - 2022 Approved Operating Budget
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.
- 2016 - 2017 Annual Audit
- 2017 - 2018 Annual Audit
- 2018 - 2019 Annual Audit
- 2019 - 2020 Annual Audit
- 2020 - 2021 Annual Audit
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.
- 2020 - 2024 Capital Improvement Plan - Approved April 1, 2019
- 2021 - 2025 Capital Improvement Plan - Approved March 2, 2020
- 2022 - 2026 Capital Improvement Plan - Approved April 5, 2021
- 2023 - 2027 Capital Improvement Plan - Approved March 7, 2022
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
- 2017 General Outstanding Obligation Debt Report
- 2018 General Outstanding Obligation Debt Report
- 2019 General Outstanding Obligation Debt Report
- 2020 General Outstanding Obligation Debt Report
- 2021 General Outstanding Obligation Debt Report
Annual Urban Renewal Reports
- FY17 Annual Urban Renewal Report
- FY18 Annual Urban Renewal Report
- FY19 Annual Urban Renewal Report
- FY20 Annual Urban Renewal Report
- FY21 Annual Urban Renewal Report