Finances

Understanding how the city allocates and spends money can be complicated. The City of Tower, like all municipalities, adheres to accounting practices specific to government. The formal process includes recognizing public support for services and infrastructure, as well as following the spending and taxing authority outlined in the budget. There are notable differences between public- and private-sector financial practices, specifically openness and transparency, which are hallmarks of the public sector.

Access to regular financial reporting reflects a constructive "spirit of full disclosure" to clearly communicate and educate the public about the financial condition of its government. Governmental accounting standards provide the basis for tracking and reporting financial performance.

 Audit

08/05/2022  Audit2021 Audit
06/28/2021  Audit2020 Audit
07/01/2020  Audit2019 Audit
12/31/2018  Audit2018 Audit
12/31/2017  Audit2017 Audit
12/31/2016  Audit2016 Audit
12/31/2015  Audit2015 Audit

 Bank Account Statements

01/31/2021  Bank Statement2021 01 Bank Statements

 Budget

12/31/2020  Budget2021 Budget Resolution

 Claims Register

10/25/2021  Claims RegisterClaims Register 2021-10-25
02/08/2021  Claims RegisterClaims Register 2021-02-08
01/25/2021  Claims RegisterClaims Register 2021-01-25
01/04/2021  Claims RegisterClaims Register 2021-01-04

 Revenue & Expenditure Reports

 

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218-753-4070

218-753-3020

602 Main Street, Tower, MN 55790

PO Box 576, Tower, MN 55790

info@cityoftower.com

Monday - Friday 8:00am - 4:30pm