Budget and Annual Financial Report
The annual budget is the City's plan for providing services to its citizens and consists of the following sections:
City Manger's Budget Summary
General and Property Tax Information
Special Revenue Fund
Debt Service Fund
Capital Improvement Funds
Capital Improvement Plan
2016 Calendar of Important Dates (Finance-Related)
The 2017 Budget process is starting! The City Council discussed 2017 budget goals and objectives at the May 16th Work Session. Goals were adopted at the June 6th Council Meeting and were published in the Sun newspaper on June 23rd. You can also see a copy of them by clicking on the link below. 2017 Budget
2017 Budget Goals
Check back soon for more budget updates!
The Council approved the 2016 budget goal and objective listing at their June 15, 2015 Council Meeting. The listing was published in the June 25, 2015 edition of the Sun Sailor newspaper.
2016 Budget Goals and Objectives
The Council approved the preliminary 2016 General Fund Budget and Property Tax Levy at their September 8th Council Meeting. The proposed preliminary levy increase is at 2.90%. Preliminary budget and levy information can be seen by clicking the link below.
2016 Preliminary General Fund Budget and Property Tax Levy
Staff presented the proposed budget and levy at the December 7th Council Meeting. A copy of the presentation can be viewed by clicking the link below. The Council also asked for public feedback on the budget and levy at the December 7th Council Meeting, but there was no one present who wanted to comment.
2016 Budget Presentation 12-7-15
The City Council set the final levy at 2.0% and approved the final 2016 budget at the December 21st Council Meeting.
Adopted 2016 Budget
2015 Budget and Tax Levy (adopted 12-15-14)
2015 Budget Presentation
2015 Budget Goals and Priorities
Each year the City is audited by an independent audit firm to ensure fiscal soundness and compliance with regulations set forth by the State of Minnesota and other agencies. The City's auditors issued an unqualified opinion regarding the City's 2015 financial statements which means the financial statements present fairly, in all material respects, the financial position of the City and each of its funds. Click on the link below to view the complete 2015 annual financial report. Annual Financial Report
2015 Annual Financial Report
2014 Annual Financial Report
2013 Annual Financial Report
2012 Annual Financial Report
2011 Annual Financial Report
2010 Annual Financial Report