Snapshot of the City's Financial Health

2024 General Fund Expenditures $9.3 million Details on Expenditures	2024 General Fund Revenues $9.3 million Details on Revenues	Bond Rating AA, Upgraded 2014 Affirmed May 2024 Details on Bond Rating
Debt Per Capita as of 12/31/2023 $2,790 Click here for per capita debt details	Independent Audit Report  12/31/2023 Click here for 2023 Audit Report	Reserves as of  12/31/2023 Click here for reserve information
Thumbs Up Indicates Good Financial Health	Neutral Thumb Indicates "OK" Health	Thumbs Down Indicates Negative Financial Health

What does the Finance Department do?

The 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.

The City of Cambridge is committed to financial transparency. Please email Caroline Moe at anytime to ask questions or discuss your thoughts on the City's budget and financial records. Be sure to check out the information below:

• Click here for the 2024 Operating Budget
• Click here for the 2022 Audit of the City's Financial Records
• Click here for the Finance Department's annual report to City Council.
• Click here for the City of Cambridge Utilities Direct Pay Enrollment Form
• Click here for the 2023 Debt Per Capita Report
• Standard and Poors Bond Rating Report
• Reserves Report