Duties & Responsibilities
The Finance Department oversees financial reporting, utility billing, record keeping and accounting, assessments and budget preparation.
The Finance Department’s mission is to protect and safely manage the assets of the city in compliance with federal, state and local legal requirements and to provide accurate, timely and complete financial information and services in an understandable and friendly manner to the residents, businesses, customers and staff members of the City of North St. Paul.
North St. Paul financial health is in favorable condition as reaffirmed by Standard and Poors Rating Services. The City once again has attained the AA credit rating when evaluated by Standard and Poor's in May 2016. Many factors go into the rating process, including economic diversity, financial performance and flexibility, debt burden, and financial management practices. The City’s ability to implement timely and sound financial and operational decisions in response to economic and fiscal demands is a primary determinant of changes in credit quality. A superlative credit rating keeps the cost of financing capital projects as low as possible, providing a substantial savings to taxpayers.
The City of North St. Paul was awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (CFOA) for its Comprehensive Annual Financial Report (CAFR). Archive Reports. The City has received this award for 29 consecutive years dating back to fiscal year-end 1987! The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by government and its management.
To participate in the certificate program, a unit of government must submit copies of their CAFR report along with a completed application.