Finance Department

The City of Fergus Falls is financially sound with a strong tax base of high-quality residential and commercial development. Our Finance Department is responsible for all financial functions of the city, including:

Accurately performing all accounting and financial activities in compliance with legal standards
Financial accounting, reporting and audit
Maintaining appropriate internal controls over city property
Long-term investing and financing
Insurance and risk management
Budgeting and long-range financial planning
Billing residents for public utilities and special assessments

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Financial Report

The audited financial statements are prepared annually and provide a general overview of the city's financial position.

Budget

The budget is prepared and adopted annually and provides specific guidelines for funding and spending.

Sales & Use Tax

Beginning October 1, 2023, Fergus Falls will have 0.5% sales and use tax. The Minnesota Department of Revenue will administer this tax. Revenues will fund the projects identified in Ordinance No. 39, Eighth Series adopted July 9, 2023. The 0.5% sales tax applies to retail sales made into Fergus Falls. The use tax applies to taxable items used in Fergus Falls if the local sales tax was not paid. Review the notice from the MN Department of Revenue HERE. This tax was approved by the voters in 2022 to pay for the outdoor aquatics facility and improvements to DeLagoon Park. For updates on those projects, visit the city's PROJECT web page.

View the most recent sales summary

Capital Improvement Plan

The Capital Improvement Plan identifies the major public improvements needed to serve existing development and support future growth.

Utilities

Outside Recognition

The Government Finance Officers Association (GFOA) has awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Fergus Falls annually since 1991. Moody's Investor Service has assigned Fergus Falls a high quality Aa3 bond rating.

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