Department of Finance

The City of Leavenworth is committed to the prudent use of taxpayers’ money. Fulfilling this commitment is the responsibility primarily of the Department of Finance. The employees of the Finance Department are accountable for all aspects of the organization's financial management with the exception of property tax administration, which is done through the collaborative efforts of the county appraiser, county clerk, and county treasurer. To fulfill its responsibilities, the Finance Department has a staff of four public servants.

The Finance Department is responsible for:

• City's financial planning and budgeting systems
• Safekeeping of funds
• Payroll
• Payment of city bills
• Maintaining all financial records
• Purchasing of goods and services for City departments

The City of Leavenworth sound financial management has been recognized by the three major municipal bond rating services. Good bond ratings are important because they can reduce the interest rate the County pays on future bond issues, saving taxpayers a considerable amount of money.

Moody's Investor Service has given a rating of Aa2.

Each year the City produces a Comprehensive Annual Financial Report (CAFR) and an Annual Budget.