Finance

The primary goals of the Finance Department are to ensure that the City's financial assets are protected through the implementation of sound financial policies and procedures and to provide users with meaningful financial data. The Finance Department serves as the primary advisor to the Mayor and City Council about financial issues.

Services Provided by The Finance Department
The Finance Department provides centralized financial services for all city departments and has responsibility for applying professional accounting practices to maintain the City's financial records. The department is responsible for items such as:

  • Providing technical and clerical support for the budget process
  • Internal financial reporting
  • External financial reporting, including the preparation of the Comprehensive Annual Financial Report
  • Coordination of the annual financial statement audit
  • Review and monitoring of all invoices paid by the City
  • General oversight for revenue collection and billing processes
  • Grant monitoring support
  • Treasury management
  • Debt issuance and administration
  • Development and implementation of financial policies and procedures

Comprehensive Annual Financial Report
The City received the Government Finance Officers Association Award for Excellence in Financial Reporting for the tenth consecutive time for the Comprehensive Annual Financial Report (CAFR) prepared for the fiscal year ended June 30, 2013. Please click on the links below to view the Comprehensive Annual Financial Reports for the years listed.
Comprehensive Annual Financial Report for the Year Ended June 30, 2015 (pdf file)
Comprehensive Annual Financial Report for the Year Ended June 30, 2014 (pdf file)
Comprehensive Annual Financial Report for the Year Ended June 30, 2013 (pdf file)
Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2012 (pdf file)
Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2011 (pdf file)
Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2010 (pdf file)


FYE2018 Budget – Selected Topics
City of Waterloo FYE18 Proposed Budget Base Level January 30
City of Waterloo FYE18 Budget Property Valuations
Tax Increment Financing Tool – What’s in it for Me?

Download detailed FY2018 line item budgets and presentations (PDF):

Airport FY18 Budget
Airport Presentation
Building Inspection FY 18 Budget
Building Presentation
Building-Facilities Maintenance FY 18 Budget
City Attorney FY 18 Budget
City Attorney Presentation
City Attorney-Code Enforcement FY 18 Budget
Clerk Finance FYE18 Budget
Clerk-Finance Presentation
Community Development FYE18 Budget
Community Development Presentation
Cultural & Arts FY 18 Budget
Cultural and Arts Budget Presentation
Engineering FY 18 Budget
Engineering Presentation
Fire FY18 Budget
Fire Presentation
Housing FY 18 Budget
Housing Presentation
Human Resources FY 18 Budget
Human Resources Presentation
Human Rights FY 18 Budget
Human Rights Presentation
IT FY 18 Budget
IT Presentation
Leisure Services FY18 Budget
Leisure Services Presentation
Library FY 18 Budget
Library Presentation
Mayor & Council FY 18 Budget
Mayor's Office Presentation
Park Waterloo Presentation
Parking FYE18 Budget
Planning FY 18 Budget
Planning Presentation
Police FY 18 Budget
Police FY 18 Presentation
Public Works Presentation
Public Works-Central Garage FY18 Budget
Public Works-Sanitation Solid Waste FYE18 Budget
Public Works-Street FY 18 Budget
Traffic Operations Presentation
Traffic-Animal Control FY 18 Budget
Traffic-Animal Control Presentation
Waste Management FYE18 Budget
Waste Management Presentation

Fiscal Year 2017 Budget Information
The City held individual televised meetings to review departmental budgets for the year ending June 30, 2017.

View these meetings on YouTube

Download detailed line item budgets (PDF):

FYE2017 Budget Facts Summary
FYE2017 General Fund Budget
FYE2017 Other Funds Budget
FYE2017 Budget State Certification of Taxes Form
FYE2017 Budget State Forms
Culture and Arts Budget Documents
Police budget Documents
Fire Department Budget Documents
Leisure Services Budget Documents
Community Development Budget Documents
Housing Authority Budget Documents
Legal Department Budget Documents
Code Enforcement Budget Documents
Animal Control Budget Documents
Human Rights Budget Documents
Airport Budget Documents
MIS Budget Documents
Mayor's Budget Documents
Council Budget Documents
Planning Department Budget Documents
Central Garage Budget Documents
Traffic Budget Documents
Waste Management Budget Documents
Parking Budget Documents
Human Resources Budget Documents
Clerk / Finance Budget Documents
Library Budget Documents
Street Budget Documents
Sanitation Budget Documents
Engineering Budget Documents
Building Inspections Budget Documents
FY17 Budget Overview Rate Impacts
FYE17 Budget Mayor Proposed Certified
FYE17 Budget Mayor Proposed Certified Change in Cost
FYE17 Budget Adjustments Mayor Proposed Certified

The City of Waterloo budget presentations for the years listed may be viewed by clicking on the links below
Fiscal Year Ended June 30, 2017 City of Waterloo Budget Presentation (pdf file)
Fiscal Year Ending June 30, 2016 City of Waterloo Budget Presentation (pdf file)
Fiscal Year Ended June 30, 2014 City of Waterloo Budget Presentation (pdf file)
Fiscal Year Ended June 30, 2013 City of Waterloo Budget Presentation (pdf file)
Fiscal Year Ended June 30, 2012 City of Waterloo Budget Presentation (pdf file)
Fiscal Year Ended June 30, 2011 City of Waterloo Budget Presentation (pdf file)

Bond Rating Information

The City of Waterloo currently maintains an Aa2 rating on its outstanding general obligation bonds and an Aa3 rating on its outstanding sewer revenue bonds, as rated by Moody's Investor Services, Inc.

Contact Information
City Hall
715 Mulberry Street
Waterloo, Iowa 50703
Phone: (319) 291-4323
Fax: (319) 291-4571
Office Hours: Monday-Friday, 8:00am-5:00pm

Michelle Weidner-CPA, Chief Financial Officer
Phone: (319) 291-4323
Email: michelle.weidner@waterloo-ia.org

Brent Bohlen, Financial Analyst - Banking, Revenue Accounting
Phone: (319) 291-4323
Email: brent.bohlen@waterloo-ia.org

Emily Graham, Financial Analyst - Accounts Payable Pre-audit, Accounts Receivable
Phone: (319) 291-4323
Email: emily.graham@waterloo-ia.org