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Budget and Annual Financial Report
Annual Budget
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
- Fund Information
- General Fund
- Special Revenue Fund
- Debt Service Fund
- Capital Improvement Funds
- Enterprise Funds
- Capital Improvement Plan
2023 Budget
2022 Truth-in-Taxation and Budget Presentation (PDF)
2022 Budget
2022 Truth-in-Taxation and Budget Presentation (PDF)
2021 Budget
2021 Truth-in-Taxation and Budget Presentation (PDF)
2021 Final Audit Presentation (PDF) (6/20/2022)
2020 Budget
2020 Truth-in-Taxation and Budget Presentation (PDF)
2019 Budget
2019 Truth-in-Taxation and Budget Presentation (PDF)
Adopted 2019 Budget (adopted 12/17/19) (PDF)
Annual Financial Report
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 2018 financial statements which means the financial statements present fairly, in all material respects, the financial position of the City and each of its funds.
2021 Annual Financial Report (PDF)
2020 Annual Financial Report (PDF)
2019 Annual Financial Report (PDF)
2018 Annual Financial Report (PDF)
2017 Annual Financial Report (PDF)
2016 Annual Financial Report (PDF)
2015 Annual Financial Report (PDF)
2014 Annual Financial Report (PDF)
2013 Annual Financial Report (PDF)
For more information on the budget or annual financial report, contact the City’s Finance Officer, Jenny Palmer at (952) 653-3677 or email Jenny Palmer.