City of Waterloo Audit Release for FY2022

Waterloo, Iowa (April 17, 2023) - The Annual Comprehensive Financial Report of the City of Waterloo, Iowa for the year ended June 30, 2022 in accordance with the provisions of Chapter 11 of the Code of Iowa has been released.  

This report is published to provide the City Council and citizens detailed information concerning the financial condition of the City.  

It has also been audited by an independent certified public accounting firm in accordance with generally accepted auditing standards and the federal single audit act requirements, including the provisions of Title 2 of the U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).  

RSM US LLP issued an unmodified (“clean”) opinion on the financial statements for the year ended June 30, 2022. Citizens can view the report online or in person at City Hall. 

It has been published to our website and you can click here to view. It will also be available on the State of Iowa Auditors website at 

If there are any specific questions regarding the City of Waterloo’s audit, please contact Bridgett Wood by email at