About the Finance Department
The Finance Department is responsible for the planning, oversight, and reporting of the City's operating and capital finances. These functions are carried out by the Department's five divisions:
Contact Information
Contact Information
Edward Bean
Director of Finance, Auditor
Monday - Wednesday
8:30 a.m. - 4:30 p.m.
Thursday
8:30 a.m. - 7:30 p.m.
Friday
8:30 a.m. - 12:30 p.m.
Phone Number
x
3200
Email
Address
93 Highland Ave.
Somerville, MA 02143
United States
Employee Directory
Jump To:
Year to Date (YTD) Budget Reports (PDF)
- YTD Expense Budget Report
- YTD Revenue Budget Report
- YTD School Budget Report
- YTD Sewer Budget Report
- YTD Water Budget Report
- YTD Dilboy Field Budget Report
- YTD Kennedy Pool Budget Report
- YTD Veterans Memorial Ice Rink Budget Report
Free Cash and Retained Earnings
Stabilization Fund Balance as of 12/31/2022
Long-Range Forecast
Fiscal Year Budgets
School Department Budgets (PDF)
Capital Investments & Projects
Capital Investment Plan (CIP) Project Lists
- Water & Sewer Capital Investment Plan May 2022
- Capital Investment Plan January 2020 Interim Project List
- Capital Investment Plan June 2019 Project List
- Capital Investment Plan June 2019 Summary Memo
- Comprehensive Annual Finance Report (CAFR)
- Official Bond Statement
- Bond Rating: Standard & Poor's - December 2022
- Bond Rating: Standard & Poor's - May 2019
- Bond Rating: Moody's - May 2018
- Bond Rating: Standard & Poor's - December 2017
- Bond Rating: Moody's - July 2017
- Bond Rating: Standard & Poor's - December 2016
- Bond Rating: Standard & Poor's - May 2016
OpenGov allows you to explore budget and historical finances in a simple graphical user interface.
Programs & Initiatives
In June 2022, $1 million was allocated for the purpose of having community members propose and vote on projects to improve Somerville.
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