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:
- Provides annual budget preparation
- Internal financial reporting
- External financial reporting, including the preparation of the Annual Comprehensive 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
Annual Comprehensive Financial Report
The City received the Government Finance Officers Association Award for Excellence in Financial Reporting for the 18th consecutive time for the Annual Comprehensive Financial Report prepared for the fiscal year ended June 30, 2022. 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. Read the April 2023 Rating Action here.
To compare Waterloo’s budget to Any City in Iowa, please visit the City Budget Explorer found at https://city-budget-explorer.iowa.gov/#!/year/default
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
Bridgett Wood, Finance Director
Phone: (319) 291-4323
Email: Bridgett.Wood@waterloo-ia.org
Kim Bahr, Assistant Finance Director
Phone: (319) 291-4323
Email: kim.bahr@waterloo-ia.org
Brent Bohlen, Financial Analyst
Phone: (319) 291-4323
Email: brent.bohlen@waterloo-ia.org
Emily Graham, Financial Analyst
Phone: (319) 291-4323
Email: emily.graham@waterloo-ia.org
Disclaimer
The City of Waterloo, Iowa (“City”) website is not an official statement concerning City finances, policy, compliance, practices, services or procedures, and should not be construed as such. Communications made through this website's e-mail or messaging system is for convenience only and shall not be deemed to constitute legal notice to the City or any of its officers, agents, agencies, employees or representatives under any federal, state or local law, rule or regulation, or for any other purpose.
For the purpose of federal securities laws, rules and regulations, the official source of the City’s municipal disclosure and market data may be found at the Electronic Municipal Market Access (EMMA) website at http://emma.msrb.org/
Neither the City nor any agency, officer, or employee of the City guarantees that the information published or posted on the City website is always current, comprehensive, reliable or accurate in all respects, or that all important information concerning the City is here provided. The City and any agency, officer, or employee of the City does not warrant or make any representations as to the quality, content, timeliness, reliability, accuracy or completeness of such information. It is recommended that you review official sources of information, or contact the City directly, to obtain any information you deem material to your interests, or to view original documents when confirmation of posted material is required.
The City does not endorse, approve, certify, or control external websites linked from this website, and does not guarantee the accuracy of such information.