City Finance

The Administration Department under the supervision of the City Clerk, is responsible for timely and accurate financial information. The annual budget process projects the City's financial position and the dollars needed to provide services to the citizens of Clive. The quarterly revenue and expense reports details by department, the current budget status as compared to the adopted budget.

Audit
On an annual basis, following the end of the fiscal year on June 30, the financial accountings of the City are audited by an outside firm.  The audit report consists of a series of financial statements as well as other components that provide an overview of the City's finances, and a comparison of the budget for that year.  

Fiscal Year 2012/2013

 

Tax Increment Financing (TIF) Reports
Cities that have TIF districts with debt must submit their debt requirements to the county auditor by December 1 each year to be able to capture the revenue to repay outstanding obligations.  Several years ago legislation required the Annual Urban Renewal Report.  The City is required to report the annual activity within each urban renewal area by December 1, for the previous fiscal year.  Council approval is required prior to submission. 

Fiscal Year 2012/2013

 

Annual Financial Report
Annually, by December 1, cities must submit their Annual Financial Report to the State Auditor.  This report summarizes the city’s financial position at the end of the previous fiscal year. 

Fiscal Year 2012/2013

 

Budget
The annual budget process projects the City's financial position and the dollars needed to provide services to the citizens of Clive.  The quarterly revenue and expense reports details by department, the current budget status as compared to the adopted budget. 

Fiscal Year 2013/2014 Budget

Current Fiscal Year Quarterly Financial Reports
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