CITY BUDGET & FINANCES
FINANCE
City Receives Clean Audit Opinion The city’s independent auditor expressed the opinion that the city’s Annual Comprehensive Financial Report (ACFR) for the fiscal year 2024 fairly presents the financial position of the city in all material respects and in conformity with generally accepted accounting principles in the United States. In other words, the city received a “clean” audit opinion. You can review the 2024 ACFR on the city’s website at ChanhassenMN.gov/FinancialReports . The city has applied to the Government Finance Officers Association (GFOA) to receive the Certificate of Achievement for Excellence in Financing Reporting Award for its 2024 ACFR. The city has received this award for thirty-two consecutive years.
City Receives Distinguished Budget Presentation Award The city has received the GFOA’s Distinguished Budget Presentation Award for its 2025 Budget Book. This is the second time the city has received this award. In order to receive this award, a governmental unit must publish a budget document that meets the program criteria as a policy document, as a financial plan, as an operations guide and as a communications device. You can view the 2025 Budget Book on the city’s website at ChanhassenMN.gov/ FinancialReports Property Tax Dollar Distribution For 2025, the City of Chanhassen receives 20 cents of each residential property tax dollar paid (based on a $500,000 home in the I.S.D. 112 school district). Annual Cost of City Services for 2025 Chanhassen has the lowest cost of annual services (property taxes plus utility billing) compared to neighboring and similarly sized cities in the metro area.
Chanhassen receives 20 cents of every residential property tax dollar (based on a $500,000 residential property).
PROPERTY TAXES AND UTILITY BILLING
$4,000
Property Tax Dollar Distribution
Annual Cost of City Services for 2025
$3,500
$3,000
$2,500
$2,000
$1,500
$1,000
$500 $0
Fiber Optic Network Installations: What’s the latest?
It’s been nearly 10 months since Comcast began expanding its fiber network in Chanhassen. Since then, many neighborhoods have been connected to high-speed internet—but we know the process hasn’t been easy. Residents have dealt with digging, disruption and cleanup. And just when one company finishes, another may begin. That’s because most providers build and maintain their own separate networks. Most work happens underground via service boxes and handholes (small utility enclosures that access fiber, electrical or telecom lines), typically located in public rights-of-way or utility easements that can extend into front yards. Contractors must restore any
impacted areas, but this can take time. Comcast expects to finish installation in 2025, with yard restoration continuing into 2026 in some areas. Other providers may follow with their own construction timelines. To check the status in your neighborhood, visit our Fiber Buildout Status Viewer Map at ChanhassenMN.gov/fiber-optic-buildout and enter your address. We appreciate your patience. If you have questions, contact the number on your door hanger. For unresolved concerns, reach out to the city’s Engineering Department.
6
FALL 2025 | CITY OF CHANHASSEN
Made with FlippingBook Digital Publishing Software