Finance Department

finance imageThe Finance Department is responsible for the fiscal management, processing and maintenance of all accounting transactions for the City. These responsibilities include financial policies and procedures, payroll, accounts receivable, accounts payable, utility billing, budgeting, auditing, investment management, long-range financial planning and fixed asset management. The department is also responsible for information systems, insurance and many personnel functions.

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Sign up today for utility bill direct pay or make a payment online.

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For a fun way to learn how to pay your utility bill, click here »


Are you interested in knowing what your City taxes pay for? Click on the following icon to find out how much you paid!

 

 

This receipt gives an estimate of what 2018 City property taxes are paying for.  This receipt does not include your County or School District Share of your tax bill. Of your 2018 property taxes, approximately 42% goes to the City of Cambridge.


Provide Input on 2019 Budget and Tax Levy

Once you have visited the Taxpayer Receipt application, we invite you to review the current draft of the 2019 budget through an application called Balancing Act.   The 2019 budget is currently “in balance” as proposed revenues equal proposed expenditures.  We invite you to make simulated changes to the budget just keeping in mind that if you reduce taxes, you also need to reduce expenditures.
 

The current draft of the budget is a “work in progress” and is based on a 2% increase in the tax levy.  A final levy will not be set until December 2018 so the Cambridge City Council will be continuing to work on the budget until that time.  Cambridge is a growing community and that creates additional needs for service.
 

The Cambridge City Council would like you to comment on the draft of the 2018 budget by October 31, 2018 as they will be meeting on the budget draft in November.  The preliminary levy  was set with a 2% increase over 2018.  For the final levy adopted in December, the levy may go down, but it may not exceed the preliminary levy.

Please click here to be re-routed to the Balancing Act web page.


 

financial health

2016 $6M Revenues

2016 $6M

bond rating AA

dept per capita

independent audit

reserves


 

 

 

 

Utility Billing Payment Options

Customers may make their utility payments using a direct payment option from a bank account.  This arrangement is known as an automatic clearinghouse (ACH) transacation.  To enroll in the program, fill out the form below for direct bill program. You can cancel the program at anytime.   Remember to keep paying your account as usual until your bill reads "Auto Bill Customer--Do Not Pay". 

In addition, we accept VISA, Mastercard or Discover to charge your utility bill.  Credit cards will be accepted in person at City Hall or via phone. Please note that utility bill payments made by credit card either on the website, over the phone, or in person, are subject to convenience charges.


Caroline Moe, Director of Finance
(763) 552-3202
E-mail »

Linda Gerlach, Accounting Clerk
(763) 552-3204
E-mail »

Joleen Kriesel, Utility Billing Clerk
(763) 552-3212
E-mail »

Machelle Bruss, Receptionist
(763) 689-3211
E-mail »


To view a copy of our 2017 audit (also known as the comprehensive annual financial report), or the 2018 budget, click on the applicable icon below.

City of Cambridge Utilities Direct Pay Enrollment Form »

2018 Adopted Budget »

2017 City of Cambridge Comprehensive Annual Financial Report »

Long Range Plan 2018 – 2023 »