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

FYE2018 Budget Information

Waterloo City Council Work Session - March 9, 2017
Waterloo City Council Work Session - March 7, 2017
Waterloo City Council Work Session - February 13, 2017
Waterloo City Council Work Session - February 11, 2017
Waterloo City Council Work Session - February 8, 2017
City of Waterloo FYE18 Proposed Budget Base Level January 30
City of Waterloo FYE18 Budget Property Valuations
Waterloo City Council Work Session - January 23, 2017

Click here for more information from the FYE Budget Meetings
Tax Increment Financing Tool – What’s in it for Me?

Comprehensive Annual Financial Report
The City received the Government Finance Officers Association Award for Excellence in Financial Reporting for the thirteenth consecutive time for the Comprehensive Annual Financial Report (CAFR) prepared for the fiscal year ended June 30, 2016. Please click on the links below to view the Comprehensive Annual Financial Reports for the years listed. (see Budgets & Reports)

Bond Rating Information
The City of Waterloo currently maintains an Aa2 rating on its outstanding general obligation bonds  as rated by Moody's Investor Services, Inc.

2016 Flood Response
The City of Waterloo has provided all requested items to Iowa Homeland Security and Emergency Management Department regarding FEMA reimbursements for the 2016 flood event. HSEMD has reviewed and accepted these items. No further actions are required.

To read the Iowa Homeland Security and Emergency Management Department final post-site visit letter click here

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

Kim Bahr, Financial Analyst – Budget, Accounts Receivable, Project Accounting
Phone: (319) 291-4323
Email: kim.bahr@waterloo-ia.org