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finance-department

Finance

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The city is on January 1 through December 31 fiscal calendar. The Finance Department is responsible for the day-to-day financial activities for the city and ensuring compliance with state and federal laws, the city charter, city code, and operates under Generally Accepted Accounting Practices and Standards (GAAP, GAAS).  The department is also responsible for the following activities:

Annual Budget

The Finance Department annually prepares the City Budget Document.  The document includes all operations of the City and is used to communicate the City’s organizational goals and policies, and financial plan for the coming year. The Budget also serves as an operations guide, describing the activities and services provided by the City.

2017 City Budget                              Information on Fiscal Disparities

2017 Cost of Basic Government Services

Proposed 2018 General Fund and Debt Service Levies Powerpoint Slides - September 5, 2017

Prior year budget archives

Capital Improvement Plan (CIP)

The Capital Improvement Plan (CIP) is a planning tool that forecasts the City’s capital needs over a five-year period based on City-adopted long-range plans, goals, and policies.  The CIP includes detailed descriptions of every Capital Improvement Project the City anticipates to initiate during the five-year period.  The CIP Is updated annually

2017-2021 CIP Information

2016-2020 CIP Information

2015-2019 CIP Information

2014-2018 CIP Information

Comprehensive Annual Financial Report (CAFR)

The CAFR is prepared annually in conformity with generally accepted accounting principles.  The City has been awarded “The Certificate of Achievement for Excellence in Financial Reporting” every year since 1979 by the Government Finance Officers Association of the United States and Canada. The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

The CAFR is prepared in conjunction with the City’s annual audit, which is performed each spring for the previous year. The 2016 CAFR is the most recent one available, and can be viewed at City Hall, the Hennepin County Library – Rockford Road Branch located at 6401 42nd Ave N. in Crystal, or online.

2016 CAFR

2015 CAFR

2014 CAFR

2013 CAFR

Prior year CAFR Archive

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