Budgets & Finance

Overview

The role of the City's Finance team is to manage all financial processes, ensuring the City's financial health and stability through budgeting, accounting reporting and analysis.  As part of this function the Finance team is responsible for:

• Billing and Payments
• Accounts Payable
• Payroll
• Grants accounting 
• Cash Flow and Investment Management
• Financial Analysis
• Annual Budget
• Annual Audit

To promote transparency of the City's financial condition, the City Council receives periodic reports on the Revenues, Expenditures, Capital and Human Resources.  This information is also available to the public. In addition, Department Heads receive monthly updates of department performance to ensure expenditures and revenues are in compliance with the approved and develop corrective actions as necessary.  Management of the Treasury function is intended to ensure maximum return on the assets and funds of Cambridge.  

Our Annual Budget earmarks the financial needs and resources of the City’s approaching fiscal year. Capital Expenditures, Capital Improvements as well as City Expenditures & City revenues information are all apart of this report.  The City has earned an A-1 investment grade credit rating and has repeatedly received an "unqualified" opinion as part of its annual audit.

Budget Ordinances

• 2025 Budget Ordinance
• 2026 Budget Ordinance

Adopted Budgets

• 2026 Adopted Budget
• 2025 Adopted Budget
• 2024 Adopted Budget
• 2023 Adopted Budget
• 2022 Adopted Budget
• 2021 Adopted Budget
  
• 2020 Adopted Budget
• 2019 Adopted Budget 

Proposed Budgets

• 2026 Proposed Budget