FINANCE DEPARTMENT Larry Heiser, Finance Director General Fund: In 2022, General Fund revenue increased by 5.1% and expenditures increased by 3.8%, which resulted in a General Fund balance increase from $31.5 million to $33 million. Sanitary Sewer Projects: Capital investment in sanitary sewer/storm water projects was $3.1 million in 2022 with an additional Green-Bryden storm sewer project that started in late December at a cost of $1.4 million, to be completed in early 2023. Distinctions: The city once again received the “Auditor of State Award of Distinction.” This award is presented to local governments upon the completion of a financial audit and meeting the criteria of a clean audit. This is based on each city’s superior record keeping which demonstrates a commitment to efficient, effective and transparent service. It reveals the city’s elevated level of diligence required to keep finances in order.
The city also maintained its Aaa rating from Moody’s with new guidelines put in place after addressing monetary concerns related to disruptions from the pandemic.
State of the City
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