The Finance Department provides financial management and accounting services for all city operations. This includes the daily financial operation of processing accounts payable, accounts receivable, utility billing, and risk management. The department also controls the collection of revenues and investment of funds, assists in the issuance of bonds and other indebtedness of the city, and prepares periodic and annual financial and budget reports.
Maple Grove once again has attained the AAA credit rating - the highest rating possible - when evaluated by Standard and Poor's in September 2020.
Many factors go into the rating process, including economic diversity, financial performance and flexibility, debt burden, and financial management practices. The city's ability to implement timely and sound financial and operational decisions in response to economic and fiscal demands is a primary determinant of changes in credit quality. A superlative credit rating keeps the cost of financing capital projects as low as possible, providing substantial savings to taxpayers.