The Finance department provides financial and information technology services to the City Council, City Administrator, departments, and agencies. The department manages day-to-day financial transactions including general accounting, accounts receivable, accounts payable, utility billing, investments, and risk management. The department also coordinates the City's budget process, five-year Capital Improvement Program, and Tax Increment Financing Plan.

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 comprehensive annual financial report (CAFR) for the fiscal year ending December 31, 2009. 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.

The City of Lakeville has received the Government Finance Officers Association of the United States and Canada Distinguished Budget Presentation Award for its budget for the fiscal year beginning January 1, 2011. This award reflects the commitment of the City to meeting the highest principles of governmental budgeting.

The City of Lakeville is one of only 20 cities in Minnesota to receive both of these awards.

City Hall
20195 Holyoke Ave.
Lakeville, MN 55044
(952) 985-4481
Finance Director: Dennis Feller
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