Finance

Budget

The fiscal year (FY) begins on July 1st and ends on June 30th. The city prepares a budget according to Iowa Code 384.16. The preparation process begins in October, with the adoption of a final budget by the City Council in March of each year. The city’s annual budget includes a five-year Capital Improvement Plan (CIP), which is critical to the city’s well-being. It provides an opportunity to allocate financial resources in the most efficient manner. The budget must be certified with the county auditor by March 15th.

Below are current and historical budget documents:

• FY 23-24 Budget (PDF)
• FY 22-23 Budget (PDF)
• FY 21-22 Budget (PDF)
• FY 20-21 Budget (PDF)
• FY 19-20 Budget (PDF)
• FY 18-19 Budget (PDF)
• FY 17-18 Budget (PDF)

Annual Audit

The City of Pella is required to be audited every year according to Iowa Code 11.6. The city prepares a requests for proposal (RFPs) for audit services to certified public accountants every 3 to 5 years. The Certified Public Accountant (CPA) awarded the contract is required to conduct the audit in accordance with U.S. generally accepted auditing standards and the standards applicable to financial audits contained in government auditing standards issued by the U.S. Comptroller General. The audit is required to be completed within nine months following the end of the fiscal year. View the city’s most recent audit (PDF).

Maximum Property Tax Levy

Per Iowa Code, all cities are required to hold a public hearing and post a notice regarding the maximum property tax levy rate for the upcoming budget year. The max levy applies to certain individual levies that the City uses that are part, but not all, of the overall tax levy for the City.

Below are current and historical maximum property tax levy documents:

• FY 2024 Resolution (PDF)
• Public hearing notice for FY 2024 (PDF)
• FY 2023 Resolution (PDF)
• FY 2022 Resolution (PDF)
• FY 2021 Resolution (PDF)