About the Department

The Finance Department provides financial, accounting and treasury services for all departments of the city. Standard and Poor’s Global Rating Report (PDF) has assigned the City of Excelsior an AAA bond rating.


Jenny Palmer, Finance Director952-653-3677Email Jenny Palmer
Marcia Krueger, Office Support Specialist952-653-3673Email Marcia Krueger

Division Responsibilities

Financial Management

  • Assists in issuance of bonds to meet capital project needs
  • Banking relations
  • Calculation of local tax levy
  • Debt service analysis


  • Periodic and annual reporting of operations
  • Accounts payable
  • Payroll
  • Accounts receivable / billing
  • Fixed assets


  • Protection of city financial assets
  • Cash management to meet long-term and short-term needs
  • Investment of funds
  • Risk management