The City of Waseca strives to maintain a solid financial management system to ensure short-term and long-term financial security for our residents. Successful financial management systems allow us to better predict our financial standing, weather budget shortfalls, initiate new programs, and borrow funds at lower costs.
The Finance department provides financial services and information to the City Council, City Manager, departments, and agencies. The department manages daily financial transactions including general accounting, internal auditing, accounts receivable, accounts payable and investments. The department also prepares and coordinates the City’s budget and the Comprehensive Annual Financial Report (CAFR).
The Capital Improvement Program (CIP) is a long range planning tool that provides the basis for determining the non-binding intent to allocate future City resources To be included in the CIP, a project requires a total expenditure of at least $5,000 and a useful life of at least 3 years. The CIP allows the public to become aware of long-range municipal needs and provides valuable information to local elected officials on cost estimates, planned schedule, and location of City improvements. Please click the following link to view the 2014-2018 City of Waseca Capital Improvement Plan