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The Finance Division operates as a support area within Lake Havasu City and is a division within the Administrative Services Department.  The services provided include accounts payable, accounts receivable, financial analysis, capital asset tracking, revenue management, payroll, treasury functions, and financial reporting.  The division is responsible for preparing financial reports.

In performing a wide variety of functions, our Finance team strives to always provide a quality service to our over 53,000 citizens of Lake Havasu, 450 employees within the City and, to City Management and the City Council.

The City’s fiscal year is July 1 through June 30.

Contact Information


The Budget Division is responsible for the planning, compilation, and implementation of the budget for the City.

This budget process includes:

  • Expenditure analysis and revenue forecasting (Starting in November)
  • Providing budget training and budget request instructions to Departments (January)
  • Coordinating with the Community Investment Department to complete the Five-Year CIP (February)
  • Review budget submittals and meet with Departments (March)
  • Hold City Council CIP and Budget Work Sessions (April & May)
  • Adoption of Five-Year CIP and Tentative Budget (1st Council Meeting  in June)
  • Adoption of Final Budget  (Last Council Meeting in June)
  • Begin new fiscal year (July 1st)
  • Adoption of Property Tax Levy (1st Council Meeting in July)

Budget preparation allows departments the opportunity to reassess goals and objectives and the means for accomplishing them. Even though the budget may be heard by the Mayor and City Council in May and adopted in June, its preparation begins at least six months prior, with projections of City reserves, revenues, expenditures, and financial capacity. Forecasting is an integral part of the decision making process. Both long and short range projections are prepared. A five-year financial forecast is prepared for each major fund projecting both revenues and expenditures.