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.

Award Received


In early 2021, the Government Finance Officers Association (GFOA) awarded the Certificate of Achievement for Excellence in Financial Reporting to the City of Lakeville for its 2019 Comprehensive Annual Financial Report (CAFR).

The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management. The City has received this award for its CAFRs for the years ending 1988 through 2019.