Financial Reports

Internal Financial Reports

The Finance Director/City Treasurer prepares and presents monthly financial reports to common council and committees. The Finance Director's reports provide updates on monthly incomes, liabilities, revenues, and expenses during the year that the Common Council, Personnel and Finance Committee, and City staff use to monitor financial position and budget performance. These reports are available on the City's Agenda & Minutes portal, under the Agenda Packets.

External Financial Reports

The City’s fiscal year is January 1st through December 31st. Every spring, after year-end close, the City is audited by external auditors. The purpose of these reports is to provide the reader with detailed information concerning the financial condition and outlook for the City. Information is provided from all funds including the General Fund, Enterprise Funds, and all special revenue funds (Landfill, School Resource Officer, Merrill Fair Grounds, Aviation Fuel, Debt Service, Capital Projects Fund, and the City’s twelve Tax Increment Districts). The report is prepared in the spring following the completion of our December 31 fiscal year-end and presented to the Common Council, typically in early fall.