The Finance Department is responsible for developing, maintaining, and supporting systems and processes that provide accurate and timely information for operational management and decision support to elected officials, departments, citizens, and taxpayers through the efficient and effective use of professional management processes. This includes various accounting activities as well as the task of preparing the Annual Comprehensive Financial Report (ACFR) and the Annual Budget for the City of New Ulm.

Financial Responsibilities

  • Administration of special assessments
  • Banking relations
  • Debt service analysis and bond payments
  • Implementation of financial controls
  • Investment of City and New Ulm Public Utilities funds
  • Official keeper of City records
  • Process Assessment Certificates
  • Process receivables, payables, and payroll
  • Provide financial support services to the entire organization
  • Provide timely and accurate financial reporting
  • Risk management and control