The Finance Department provides account, budgeting, payroll, and financial reporting services for all city departments. The department also provides services to the Rockbridge Area Recreation Organization, the Central E-911 Dispatch Center, and the Lexington and the Rockbridge Area Tourism Development Program. Functions include:
- Maintaining a fund accounting system
- Paying city obligations
- Setting internal control to protect assets
- Conducting financial analysis
- Providing timely reports of financial information for management purposes
Data processing support is provided for revenue collection, central accounting, city and school payroll, and utility billing activities. Support for a decentralized purchasing system is provided in this department, as well as administrative oversight for the city's general insurance program.
Burial spaces can be purchased in this department for either the Oak Grove or Evergreen Cemeteries. For additional information or assistance, please contact the Finance Department at 540-462-3702.
Water and Sewer Rate Schedule
View the water and sewer rate schedule for the current fiscal year.
Water and sewer rates
Capital Improvements Plan
FY18-FY22 Capital Improvements Plan with Attachments
FY19-FY23 Capital Improvements Plan with Attachments
FY20-FY24 Capital Improvements Plan with Attachments
DRAFT FY21-FY25 Capital Improvements Plan with Attachments (revised 4-7-20)
Annual Budgets & Financial Reports
Copies of both the annual budget and the annual comprehensive financial report are available for public review at the Rockbridge Regional Library, the Lexington and the Rockbridge Area Tourism Development Office, and in the City Treasurer's Office at City Hall, or you can access them at the bottom of this page. Additional copies are available from the Finance Department subject to a charge to cover the cost of printing the document.
2019 City of Lexington Comprehensive Annual Financial Report
The Popular Annual Financial Report is designed to be readily accessible and easily understandable to the general public without a background in public finance using information from the Comprehensive Annual Financial Report.
2019 City of Lexington Popular Annual Financial Report
2018 City of Lexington Popular Annual Financial Report
2017 City of Lexington Popular Annual Financial Report
2016 City of Lexington Popular Annual Financial Report
Budget Visualization Tool
The City of Lexington has partnered with regional nonprofit Smart Cville to create an interactive, web-based budget visualization tool. The tool allows the public to understand where the City’s revenues come from and how they are spent in a simple, straightforward manner. Visitors to the site can input their annual property tax and fees and see exactly how that money is expended, broken down by categories such as Public Safety, Health and Welfare, Community Development, and Public Works.
View the Budget Visualization Tool here.