Finance

Finance Department

The Finance Department is responsible for the day-to-day financial operations of the City, including:

  • Accounting
  • Financial Reporting
  • Payroll
  • Accounts Payable
  • Receivables
  • Utility Billing (Water, Sewer, and Surface Water Management)
  • Purchasing
  • Special Assessments

The Finance Department administers all cash, investment, debt, and risk management activities. The Finance Department prepares annual budgets and financial reports.


2026 Annual Budget Documents 

2026 City of Forest Lake Budget

2026 Proposed Property Tax Levy Breakdown

2026 Truth in Taxation Presentation

2026 Budget Information

Annual Budget Information

2025 Adopted Budget

2024 Adopted Budget

Financial Management Plan

Ten  Year Capital Financial Plan


Fee Schedules

2026 Fee Schedule

2025 Fee Schedule

Annual Comprehensive Financial Reports

2024 Annual Comprehensive Financial Report

2023 Annual Comprehensive Financial Report


Salary Data

Minnesota law requires that salary data be reported at least annually. The positions and base salaries of the three highest-paid employees at the City of Forest Lake are:

-Chief of Police: $193,460.80 
-Interim City Administrator:  $186,014.40

-Public Works Director/Community Development Director/Fire Chief: $179,108.80


Tax Information for  Employees

Requesting IRS Form 1095

Employees and former employees may request a copy of IRS Form 1095, which provides information about health insurance coverage offered during the applicable tax year.

To request a copy of your Form 1095, please contact:

Human Resources/Wendy Petersen
hr@ci.forest-lake.mn.us651-209-9727

Requests should include your full name, the tax year requested, and current contact information to ensure timely processing. For privacy and security reasons, identity verification may be required prior to release of the form.

Please allow a reasonable amount of time for processing after your request is received.

If you have questions regarding Form 1095 or your eligibility for a copy, please contact the office listed above.


  1. Elle Larkin

    Elle Larkin

    Finance Director

  2. Katie Smith

    Accounting Administrative Assistant II/Payroll

  3. Angela Campbell

    Accounting Administrative Assistant I/Accounts Payable-Receivable

  4. Tammy Dagle

    Accounting Administrative Assistant I/Utility Billing