Financial Documents

The Finance Department assists the City Manager in developing and preparing the annual City of Keene Operating Budget and the Capital Improvements Program, and coordinates and oversees the annual audit.

The City Council reviews and updates the City’s fiscal policy annually. The policy outlines the guidelines and requirements that shape how the City manages its financial resources.

Operating Budget

Each year, the City Manager prepares a budget proposal for the following funds: General Fund, Parking Fund, PC Replacement Fund, Solid Waste Fund, Sewer Fund, Water Fund and Equipment Fund. Included in the budget proposal are capital items already reviewed and endorsed by the City Council during the Capital Improvement Program (CIP) process.

Capital Improvement Program

The City of Keene identifies its anticipated capital expenditures each year in a seven-year Capital Improvement Program (CIP). The CIP has two major components: the Capital Budget, covering the first two years of the program (as of 2021), and the Capital Plan, covering the remaining five years. Once the CIP has been adopted by the City Council, the first two years of the Capital Budget is included and presented in the next Operating Budget proposal. This process allows each capital project to be fully discussed and provides a clear indication of the operating impact each will have on property taxes, water rates, and sewer rates.

Audited Financials