City Budget & Financial Reports

Budget Process

Development of the City's budget begins each spring as a joint process involving the City Council, City Administrator, Finance Director and the department heads.  A budget calendar is developed to provide adequate time for a thorough review of the proposed budget. Input from the public is an important part of the budget process; to learn about participating, please call 651-730-2817.

The following are key dates in the 2022 budget process:

  • City Council conducts goal setting in spring
  • City staff prepare budgets from May through July
  • Budget workshops are held in August and September
  • Scheduled to adopt the Preliminary Levy by City Council on September 14
  • Washington County sends proposed property taxes and meeting dates to discuss (formerly Truth-in-Taxation hearing) between November 11 and November 25
  • City Council will hold the Truth-In-Taxation meeting on December 14, after which the City Council may consider adoption of the final levy and budget for 2022
  • Final tax levy is certified to county by December 30

2022 Preliminary Levy PowerPoint Slides (September 14, 2021 City Council Meeting) (PDF)

2022 Truth in Taxation Presentation (December 14, 2021 City Council Meeting (PDF)

Core Fiscal Principals:

  • Budget decisions to consider and acknowledge both the short and long-term impacts
  • Stabilize revenues and expenditures, and eliminate unanticipated variances 
  • Fund operations at a level to provide quality services at a reasonable cost 
  • Maintain structural balance and appropriate fund balance levels 
  • Consider additional investments when they help achieve City goals and provide a significant return to the community 
  • Seek to make a connection between resources and results 

Budget Objectives and Outcomes:

  • Commitment to City Operated Policing
    • Deployment of body-worn cameras for all licensed officers
    • Creation of a Public Safety Wellness Program
    • Additional Police Investigator Position
  • Continued Transition to Full-Time Career Firefighter/EMT Operating Model
    • Three additional Firefighter/EMT Positions
  • Planning and Inspection Services for Development Projects
    • Willowbrooke
    • Gold Line (Helmo & Greenway)
    • 4front
  • Strategies to reduce debt burden and internally fund equipment replacement
  • Reducing dependency on transfers from other funds for general operations
  • Ensuring equitable compensation for City staff

 Preliminary Levy and Assessment Highlights:

  • Total citywide assessed property values up 3.5% from 2021
    • Commercial Values Greatest Increase of 8.1%
  • Preliminary 2022 levy is a 6.99% increase from 2021
    • This includes assessed property value increase
    • This includes General Fund, Debt Service, and Capital Project Funds
  • Estimated median valued residential property is $264,300
    • Values established January of year prior to taxes payable
    • Washington County provides assessor services for Oakdale
  • Median residential property value increase of 68.1% since 2013
    • 2nd largest increase in Washington County during this timespan

Current Budget & Most Recent Annual Comprehensive Financial Report (ACFR)

2022 City Budget

Budget Cover showing city hall

Comprehensive Financial Report

ACFR Cover 12.31.21