Financial Reporting

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Biennial Budget
The City of Plymouth prepares a biennial budget. The two-year budget strengthens forecasts and streamlines the budget development process. Because Minnesota law requires cities to adopt a budget annually, the City Council adopts the first year of the budget and approves the second-year budget in concept. This cycle assists in long-term planning while allowing the City Council to adjust the second year’s budget for mandates, unanticipated events or significant changes in the economy.

The City Council holds special budget study sessions throughout the year, and approves the final budget in early December. All budget meetings are open to the public. The City Council also holds a public hearing to receive public comment at a regular council meeting in December.

2017 Approved Amended Budget (PDF)
2016 - 2017 Biennial Budget (PDF)
2015 Approved Amended Budget (PDF)
2014 - 2015 Biennial Budget (PDF)
2013 Approved Amended Budget (PDF)
2012 - 2013 Biennial Budget (PDF)
2011 Approved Amended Budget (PDF)
2010 - 2011 Biennial Budget (PDF)
2009 Approved Amended Budget (PDF)
2008 - 2009 Biennial Budget (PDF)

Capital Improvement Program
The Capital Improvement Program is a five-year projection of the capital replacement costs and additional capital needs. It does not give authority to spend, but assists with the preparation of the biennial budget by detailing upcoming capital expenditures by funding source.

2017 - 2021 Capital Improvement Program (PDF)
2016 - 2020 Capital Improvement Program (PDF)
2015 - 2019 Capital Improvement Program (PDF)
2014 - 2018 Capital Improvement Program (PDF)
2013 - 2017 Capital Improvement Program (PDF)
2012 - 2016 Capital Improvement Program (PDF)
2011 - 2015 Capital Improvement Program (PDF)

Comprehensive Annual Financial Report (CAFR)
The CAFR provides the City Council, staff, residents and other interested parties with detailed information on the city’s financial status and practices. Detailed financial information for the city’s Housing and Redevelopment Authority (HRA) is also included in the report.

2015 CAFR (PDF)

2015 Management Report (PDF)

2015 Special Purpose Audit Reports (PDF)

2014 CAFR (PDF)

2014 Management Report (PDF)

2014 Special Purpose Audit Reports (PDF)

2013 CAFR (PDF)

2013 Management Report (PDF)

2013 Special Purpose Audit Reports (PDF)

2012 CAFR (PDF)

2012 Management Report (PDF)

2012 Special Purpose Audit Reports (PDF)

2011 CAFR (PDF) 2011 Management Report (PDF)
2011 Special Purpose Audit Reports (PDF)
2010 CAFR (PDF)

2010 Management Report (PDF)

2009 CAFR (PDF)

2009 Management Report (PDF)

Utility Rate Study
The City of Plymouth provides several core services, including water and sewer service. Each year, city staff evaluates the rates that residents and commercial properties pay to keep the city’s utility system operating. The findings can be viewed in the Water, Sanitary Sewer, Water Resources and Solid Waste Management Utility Rate Study.

2016 Utility Rate Study (PDF)

Debt Study 
Debt is an important and flexible revenue source available to the city. Debt is a mechanism which allows capital improvements to proceed when needed, in advance of when it would otherwise be possible. It can reduce long-term costs due to inflation, prevent lost opportunities, and equalize the costs of improvements to present and future constituencies.

The Debt Study should not be treated as an isolated undertaking, but rather part of the overall financial management strategy. By using this Study as a tool in conjunction with the annual budget, capital improvement program, and 10-year financial plan, financial decisions can be made now on how future improvements will be financed; with cash, debt or a combination.

2016 Debt Study (PDF)

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