Finance

Responsibilities

Functions of the Finance Department include:

Accounts payable / receivable processing
Cash and Investment management
Municipal bond issuance and debt management
Payroll administration
Preparation of financial statements for the annual audit
Annual budget preparation
Capital asset management
Capital improvement planning
Economic development financing agreements
Long-range financial planning
Revenue forecasting and monitoring
Manages insurance on all city-owned vehicles, property and equipment
Process risk management claims
Processes tax abatement applications

City Budget

The City of Burlington’s fiscal year begins July 1 and ends on June 30. The city prepares a budget according to Iowa Code 384.16. The preparation process begins in November, with the adoption of a final budget by the City Council in March. The city’s budget must be certified with the county auditor by March 15. The city’s annual budget also includes a 5-year Capital Improvement Plan (CIP) that outlines current and future capital and infrastructure needs. The CIP also outlines the future costs of those needs to the community.

Annual Budget Publications

Budget Year Fiscal Year 2023 to 2024(PDF)
Budget Year Fiscal Year 2022 to 2023(PDF)
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Budget Resolution FY 2024
Budget Resolution FY 2023
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Property Tax Levy Resolution FY 2024
Property Tax Levy Resolution FY 2023
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Fiscal Year 2023 to 2024 Budget PowerPoint Presentation (PDF)

FY24 NOTICE OF PUBLIC HEARING - PROPOSED PROPERTY TAX LEVY (PDF)

Annual Comprehensive Financial Report

An Annual Comprehensive Financial Report (ACFR) is a set of U.S. government financial statements comprising the financial report of a state, municipal or other governmental entity that complies with the accounting requirements laid out by the Governmental Accounting Standards Board (GASB).

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