Finance

The Finance Department manages the City’s financial resources and assets by providing budget, purchasing, accounting, and funding direction for the City. As part of the Finance Department, the Treasury and Utility Billing Division has custody of Lehi City’s cash and investments. The Treasurer oversees the billing process and reports the cash position to the Mayor and City Council.

Staff

 

Lehi City Total Revenues/ Population Per Capita

Proposed Power Rate Schedule

TENTATIVE Budget FY 2023

FY 2023 TENTATIVE BUDGET

Final Budget FY 2023

FY 2022-2023 FINAL BUDGET

Consolidated fee schedule

FY 2023 Fee Schedule

FY 2023 budget Documents

FY 2023 Annual Budget Document

Previous Budget Documents

Annual Budget

The Finance Department assists the Mayor and Administration with the preparation and presentation of the annual budget. The budget is presented to the City Council in May and the final budget is adopted in June. The City operates on a fiscal year from July 1-June 30.

 

Annual Comprehensive Financial Reports

According to state law, Lehi City publishes a complete set of financial statements presented in conformity with generally accepted accounting principles and audited by a licensed certified public accountant. The Annual Comprehensive Financial Report (ACFR – previously CAFR) is published within six months of the end of the fiscal year.

 

Popular Annual Financial Report

The Popular Annual Financial Report (PAFR) is a summary of the CAFR. The PAFR is prepared as a more resident-friendly version of the audited report with the intent to present the information in a easy to understand format.