Finance Division

Operating Budget and Capital Improvement Plan:

The City of Beloit Finance Division prepares the annual operating budget in accordance with Wisconsin State Statues and guidelines established by the National Advisory Council on State and Local Government Budgeting. The City of Beloit Finance Division also prepares the annual capital budget and the 5-year Capital Improvement Plan based on City’s need for infrastructure improvements and capital equipment to serve the community, meet service demands, support of economic development and environmental factors.

Cash Management:

It is the policy of the City of Beloit to invest public funds in a manner that will provide the highest investment return with the maximum security while meeting the daily cash flow demands of the City and conforming to all state and local statutes governing the investment of public funds.

Debt Management:

It is the policy of the City of Beloit to manage public debt in a manner which will provide the lowest interest cost with the maximum benefits while meeting the annual capital projects of the City and conforming to all state and local statutes governing the use of public debt.

Popular Annual Financial Report and Other Documents

2022 PAFR

Click [here] for documents relating to Finance, including the Comprehensive Annual Financial Report, Popular Annual Financial Report, Operating Budget/Capital Improvements, and our Strategic Plan.