CLICK HERE FOR THE FY 2025 - 2026 BUDGET DOCUMENTS!

The Lago Vista Finance Department is responsible for the financial reporting and safeguarding of assets of the City of Lago Vista. They also oversee the administration of the Lago Vista's financial activities and personnel. They manage the procurement, collection, investment and disbursement of all City funds, prepare the annual budget, process the City's payroll, manage Utility Billing, oversee the City's risk management program, monitor City purchases and administer the City's Depository agreements and transactions. The Finance Department also oversees revenue collections, utility billing, property tax administration, collecting hotel tax, purchasing, investments, fixed asset management, financial reporting, and assist with the yearly audit.

In July 2014 Standard and Poor upgraded the City's bond rating from A+ to AA. In November 2016, they reaffirmed that rating, confirming that the City is on solid financial footing.  This AA rating was reaffirmed again in both January 2024 and April 2024, once again acknowledging the strong financial position of the City of Lago Vista, TX.

As of May 2024, we are thrilled to announce that the City of Lago Vista was awarded its first Government Finance Officers Association (GFOA) Distinguished Budget Presentation Award.

An independent panel of reviewers carefully examined our budget book and financial documents, ultimately determining that we would receive the Distinguished Budget Presentation Award from the GFOA.

To achieve this prestigious designation, the City had to demonstrate proficiency in fifteen key categories. We are delighted to share that we met thirteen of these criteria, earning us this well-deserved recognition.

We want to express gratitude to the efforts of all department heads and finance department employees for working together and being dedicated to achieving this accomplishment. Their commitment to excellence and the community of Lago Vista is exemplary.