City Finances

Responsibilities
The staff from the City Clerk’s Office, as well as the City Manager, are responsible for the administration and coordination of all financial services and transactions for the City of Oskaloosa including:

• Accounts payable / receivable
• Budget creation and analysis
• Capital asset management
• Capital improvement planning
• Economic development financing agreements
• Investment management
• Long-range financial planning
• Municipal bond issuance and debt management
• Payroll administration
• Revenue forecasting and monitoring

City Budget
The City of Oskaloosa’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 October, 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 five-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.

Resources