Finance Department

The City of Watertown Finance Department provides timely and accurate financial information to City leadership and the public, while practicing fiscal responsibility and accountability. Primary department functions include collection, disbursement and accounting for all City funds. The Finance Department also plays an instrumental role in the annual budgeting process, manages the annual independent financial audits, and prepares the Annual Comprehensive Financial Report (ACFR) and the Budget Book. Other Finance Department responsibilities include conducting City elections, issuing City debt, administering state and federal grants, managing the investment portfolio, issuing business and alcoholic beverage licenses, managing the many insurance policies, maintaining official records including Council proceedings, ordinances, resolutions, contracts and leases. 

Budgets & Financial Reports

The Finance Office Provides a Budget Book each year Outlining the upcoming financial resources and appropriations. The Long Term Capital Plan provides a list of capital improvement infrastructure and equipment purchases requested for future years.

Budget Book:

2024

Long Term Capital Plan Book:

2025-2029

The Annual Comprehensive Financial Report gives an overview of the city financial position as of the end of the fiscal year.

Comprehensive Annual Financial Report:

2022