Comprehensive Annual Financial Report

The Comprehensive Annual Financial Report (CAFR) provides the City Council, City staff, citizens, bondholders, and other interested parties with useful information concerning the City's operations and financial position.

GFO Aaward
The City of Lakeville has received the Government Finance Officers Association of the United States and Canada Certificate of Achievement for Excellence in Financial Reporting for its CAFR for the fiscal year ending December 31, 2014. In order to be awarded a Certificate of Achievement of Excellence, a government must publish an easily readable and efficiently organized CAFR, and the contents must conform to the program requirements. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements.