Finance
The finance department is responsible for maintaining the functions of payroll, accounts payable, utility billing, purchasing, investing city funds, and managing other city assets as requested by the City Council. The finance department also produces financial documents, including the City Budget, with the assistance of other city departments.
The finance department's goal is to present accurate, timely, and complete financial information in an understandable and friendly manner to the residents and staff members of the city; and to protect and manage the assets of the city as directed by the city council.
Certificate of Achievement
In January 2026, the City of Shorewood received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association for the 29th consecutive year. The Certificate of Achievement is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government financial reports. In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized annual comprehensive financial report whose contents conform to program standards and must satisfy both GAAP and applicable legal requirements.
AA+ Bond Rating
On June 21, 2023, the City of Shorewood’s bond rating agency, Standard & Poor’s (S&P), once again affirmed Shorewood’s AA+ bond rating with a stable outlook, meaning that they do not expect the rating to change in the next two years. A bond credit rating represents the credit worthiness of government bonds. This AA+ rating is of high quality and signifies Shorewood is financially sound and has adequate revenues and cash reserves to pay its debt, and the risk of default is low.