Audit

The City of Chanhassen has an audit of the Annual Financial Report performed by an independent certified public accounting (CPA) firm each year as required by state law. The firm determines whether the city has followed generally accepted accounting practices and tests transactions to verify that procedures have been appropriately followed. The auditors have given the city an unqualified opinion that our financial statements accurately reflect the city's financial health. The city also participates in the Government Finance Officers Association program to evaluate the clarity of the financial information. The Finance Department has received the "Certificate of Excellence in Financial Reporting" since 1992 and intends to continue participating in the program.

Budget

The annual budget is prepared from July through December. The City Council sets a preliminary levy in September each year, and the final levy is set in December. On December 11, 2023, the City Council adopted a final levy and budget for 2024. You can access the budget and levy presentation from that meeting here.

The budget document breaks down city expenditures by fund and department. The city's general fund accounts for most property taxes assessed and provides numerous city services, including public safety, street maintenance, park and recreation, and other administrative services.

The CIP is a five-year estimate of major expenditures for land, infrastructure and equipment to provide service to residents. The CIP includes all items over $10,000 that the city intends to purchase as replacements for existing equipment; new equipment; building construction and major repairs; and infrastructure such as streets, parks and trails; and sewer and water lines. The prospective funding sources are outlined along with estimated costs. Starting in 2023, the CIP is included as part of the budget document.

• Past Years' CIPs

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