Gardner Annual Report

Consistently
financially responsible

Consistently
financially responsible

17-time recipient of GFOA Certificate of Achievement for Excellence in Financial Reporting Award

8th Consecutive GFOA Distinguished Budget Presentation Award

Matt Wolff

Finance Director

In 2021, Gardner had strong financial performance in the General Fund primarily due to strong sales and use tax revenues and savings in the operating budget. This combination of increased revenues and budget savings puts the city’s General Fund in a position of strength for addressing future maintenance needs and maintaining service levels during a period of community growth. The city anticipates that the tax base will continue to expand due to new residential and commercial developments. The city will need to strategically invest in its infrastructure in order to accommodate anticipated growth and enhance the quality of life for current residents.

The City of Gardner has a proven track record

when it comes to fiscal responsibility based upon sound financial planning and management. Our annual award-winning finance team has protected the city’s investment grade AA- bond credit rating by adhering to best practices, allowing us to pursue significant city projects and plan for future initiatives cost-effectively. We delivered an intelligible, well-balanced biennial budget to allocate resources to the areas that best serve our community. Our Grant Program also saw another successful year, helping to support city and community initiatives while offsetting costs to the taxpayers. 

Secured more than $4.5 million in current and future grant funding

Completed the debt issuance for Series 2021A and Series 2021B General Obligation Bonds to support infrastructure investment, asset management and economic development

Maintained a balanced budget

Maintained an AA-credit rating

Coordinated the development of the five-year Capital Improvement Program

Received a “clean” audit

Looking Ahead: Financial Overview

Fiscal Year 2022

Revenue by Fund Type

0

Expenditure by Fund Type

0
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