Financial Reports & Budgets

The City Treasurer provides for the processing of all financial data in a timely and cost-effective manner. This allows the Treasurer to monitor budgetary requirements, invest funds, and to comply with all local, state and federal laws.  

The Council considered the budget for fiscal year 2024-2025 at its meetings on July 23, August 13, and September 10, 2024. The City’s budget year begins July 1 and ends June 30th the following year.

Revenue Budgets are a little trickier to read - the City gets revenue from a variety of sources: property taxes, State Entitlement tax, Local Option tax (part of what you pay when you register a vehicle/trailer/boat/RV/ATV), Marijuana Excise tax, payments in lieu of taxes, Licenses and Permits (like business, dog, chicken, zoning, etc.), Grants, Rents, and Interest on funds within the bank. That then gets divvied up into different Accounts.

Expenditure Budgets are how the City intends to spend that revenue. For instance, Financial Administration is what we call internally “City Hall” and it includes staff expenses, advertising board vacancies, legal notices, IT support, training, etc. (This can be found on page 2 of 36.) The Planning & Research Services Account is where we budget to handle zoning permits, subdivision applications, advertising for those legally required notices, postage to mail them to neighboring properties, the upcoming Zoning & Subdivision Regulation rewrites, to name a few.

Financial Reports and Budgets are presented, re-evaluated and voted on annually. Proposed Budget documents reflect the financial plan to be presented for the next fiscal year. The Final Budget includes the Proposed Budget plus changes made for budget and purchase order carryovers.

Please contact us if you have questions regarding any Financial Reports and Budgets below.