Finance

Mission Statement
To provide quality financial services and to maintain the city's financial health and stability.

2017 Objectives


  • Arrange for the issuance of bonds to finance projects that will improve and expand the city’s infrastructure and capital assets, and explore opportunities for refunding existing debt to reduce interest costs.
  • Maintain city’s bond rating of AA1 from Moody’s and AA+ from S&P.
  • Explore opportunities to reduce the City’s overall debt burden and improve the cash status of the Maplewood Community Center, English/36 Project, and Ambulance Service funds.
  • Prepare and distribute the Comprehensive Annual Financial Report for 2016 by June 30, 2017.
  • Prepare and distribute the 2018-2022 Capital Improvement Plan by September 1, 2017.
  • Prepare and distribute the proposed 2018 Budget for City Council review by December 30, 2016.
  • Submit 2016 CAFR to Government Finance Officers Association to receive the Certificate of Achievement for Excellence in Financial Reporting Award.
  • Submit 2017 Budget to Government Finance Officers Association to receive the Distinguished Budget Presentation Award.
  • Update the city’s financial policies and review internal controls systems to ensure safety of assets.
  • Timely completion of the city’s external audit with minimal audit adjusting entries.
  • Mentor and cross-train staff members to provide for efficiency and smooth transitioning as seasoned employees leave the workplace.

Important City Documents
prepared by Finance



The Finance Department supports all city departments by providing financial management, accounting and treasury services. There are 3 documents prepared by the Finance Department for the benefit of Maplewood citizens as well as other interested parties including the State Auditors Office and bond rating agencies. These 3 documents are:

Financial Management


  • Assists in issuance of bonds to meet capital project needs
  • Banking relations
  • Calculation of local tax levy
  • Debt service analysis

Accounting

  • Accounts payable
  • Accounts receivable/billing
  • Fixed assets
  • Payroll
  • Periodic and annual reporting of operations

Standard & Poor's Investor Rating Service has assigned the City of Maplewood an AA+ bond rating.

Click to see our report
Budget Prep

Treasury

  • Cash management to meet long-term and short-term needs
  • Investment of funds
  • Protection of city financial assets
  • Risk management

Recognitions

The City of Maplewood Finance Department has been an annual recipient of the following awards from the Government Finance Officers Association:
  • Certificate of Achievement for Excellence in Financial Reporting
  • Distinguished Budget Presentation Award

State Auditor

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    Ellen Paulseth

    Finance Director
    Phone: (651) 249-2902
    Ellen has worked for Washington County, where she was Deputy Director of Finance and Accounting from 2015-2016.  Previously, she was the Finance Director for the City of Forest Lake from 2004-2015.  Before that time, she was Finance Director for the City of Centerville for two years.  She served as the elected County Auditor of Lake of the Woods County from 1991 to 2002, after having served as Deputy Auditor since 1981.  She received an Associate's Degree from Bemidji State University, with studies in Accounting, and a Bachelor's Degree in Psychology from Metropolitan State University.  She will complete a Master’s Degree in Public Administration at Metropolitan State University in 2016.  She attained her CPFO certification in 2010 and actively promoted the CPFO program.  She is an active member of the Minnesota GFOA and has a son in college.