The primary goals of the Finance Department are to ensure that the City's financial assets are protected through the implementation of sound financial policies and procedures and to provide users with meaningful financial data. The Finance Department serves as the primary advisor to the Mayor and City Council about financial issues.

Services Provided by The Finance Department
The Finance Department provides centralized financial services for all city departments and has responsibility for applying professional accounting practices to maintain the City's financial records. The department is responsible for items such as:

  • Provides annual budget preparation 
  • Internal financial reporting
  • External financial reporting, including the preparation of the Annual Comprehensive Financial Report
  • Coordination of the annual financial statement audit
  • Review and monitoring of all invoices paid by the City
  • General oversight for revenue collection and billing processes
  • Grant monitoring support
  • Treasury management
  • Debt issuance and administration
  • Development and implementation of financial policies and procedures
Click here to see the FY24 Budget Information

Click here to see the FY25 Budget Information

Annual Comprehensive  Financial Report

The City received the Government Finance Officers Association Award for Excellence in Financial Reporting for the 19th consecutive time for the Annual Comprehensive  Financial Report prepared for the fiscal year ended June 30, 2022. Please click on the links below to view the Comprehensive Annual Financial Reports for the years listed. (see Budgets & Reports)

Bond Rating Information
The City of Waterloo currently maintains an Aa2 rating on its outstanding general obligation bonds  as rated by Moody's Investor Services, Inc.
  • Read the April 2024  Rating Action here.  
  • Read the April 2024 Credit Opinion  here. 

To compare Waterloo’s budget to Any City in Iowa, please visit the City Budget Explorer found at!/year/default

Contact Information
City Hall
715 Mulberry Street
Waterloo, Iowa 50703
Phone: (319) 291-4323
Fax: (319) 291-4571
Office Hours: Monday-Friday, 8:00am-5:00pm

Bridgett Wood, Finance Director
Phone: (319) 291-4323

Kim Bahr, Assistant Finance Director
Phone: (319) 291-4323

Brent Bohlen, Financial Analyst 
Phone: (319) 291-4323

Emily Graham, Financial Analyst 
Phone: (319) 291-4323

The City of Waterloo, Iowa (“City”) website is not an official statement concerning City finances, policy, compliance, practices, services or procedures, and should not be construed as such. Communications made through this website's e-mail or messaging system is for convenience only and shall not be deemed to constitute legal notice to the City or any of its officers, agents, agencies, employees or representatives under any federal, state or local law, rule or regulation, or for any other purpose. 

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