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Finance <br />The mission of the finance department is to provide accurate, efficient, and <br />well-planned financial services and to ensure that City of Lake Elmo services <br />and infrastructure are sustainable for current and future residents. <br />Core Services <br />Financial Management of $57 Million in financial assets <br />Completion of the Annual Comprehensive Financial Report (ACFR) <br />Management of $55 Million in debt <br />Internal and external customer service <br />Preparation of Annual Budgets totaling $30.6 Million Long-Range Financial planning for over $200 million in assets <br />Utility Billing – 17,110 bills in 2025 <br />Accounts Payable – average of 250 invoices per month <br />Payroll for 43 Regular Employees & 31 Paid-On-Call Fire Fighters