The Finance Division employs accountants, billing clerks and support staff.
The finance division is responsible for:
- Ensuring the short and long-term financial stability of the city by maintaining financial records, managing an $70 million investment portfolio and addressing risk-management issues
- Processing payroll and vendor claims
- Billing 13,500 utility customers for water/sewer and refuse collection services
|Accounts Payable & Receivable||952.924.2680|
updated: Tuesday, December 20, 2016
The City of St. Louis Park’s budget and capital improvement plan (CIP) are much more than an accounting document - they serve as the foundation for the city’s financial planning. City staff, the Mayor and City Council, residents, other stakeholders and anyone with an active interest in municipal budgeting all play an integral role in determining...
updated: Tuesday, January 31, 2017
On June 15, 2016 independent bond rating agency Standard & Poor’s (S&P) affirmed their highest rating “AAA” for the City of St. Louis Park. St. Louis Park is one of 19 cities in the state with the “AAA” rating from S&P.
Bond ratings are a reflection of the city’s financial strength and stability. A few highlights of the report are as follows:
- Very strong economy
- Very strong management
- Strong budgetary performance
- Very strong budgetary flexibility
- Very strong liquidity
- Very strong debt and contingent liability position
With the top credit rating, the City of St. Louis Park will achieve the lowest possible borrowing costs on current and future debt issuances. The top credit rating also provides opportunities to refinance outstanding debt at lower interest rates.
Please read the complete City of St. Louis Park credit rating report.
updated: Thursday, December 29, 2016
The City of St. Louis Park will consider issuing private activity revenue bonds for eligible projects.
For details, contact Tim Simon at: