Budget & Reports
Annual Budget
The City Manager prepares an annual budget for City Council review and adoption each spring. The budget outlines anticipated revenues and planned expenditures for the upcoming fiscal year (July 1 – June 30). Budget workshops are open to the public, and a public hearing is held before final adoption.
Financial Reports & Audits
The Finance Department prepares a Comprehensive Annual Financial Report (CAFR) each year, which is audited by an independent accounting firm. Monthly financial statements are presented to the City Council. These reports are available for public review at City Hall and on the city website.
Tax Increment Financing (TIF)
Waverly has several active TIF districts that capture incremental property tax revenue to fund public infrastructure improvements in designated areas. TIF is used to support economic development, housing, and urban renewal projects. Annual TIF reports are filed with the Iowa Department of Management.