Traditional Finances

Financial Summary

The City of Lancaster’s Finance Department strives to provide our citizens a transparent view of the City’s finances to make it a great place to live or visit.  The Finance Department is committed to:

  • Providing timely, accurate, clear, and complete information, and
  • Supporting other departments, our citizens, and the community at large while protecting assets, both real and intangible, and
  • Ensuring compliance with:
    • federal, state, and local laws and regulations,
    • adherence to Generally Accepted Accounting Principles promulgated by:
      • the Governmental Accounting Standards Board (GASB),
      • the American Institute of Certified Public Accountants (AICPA),
      • the Government Finance Officers Association (GFOA), and
      • the Public Fund Investment Act of Texas (PFIA).
  • Continued improvement through participation in the:
    • Government Finance Officers Association's Certificate of Achievement for Excellence in Financial Reporting, and
    • Texas Comptroller's Transparency Stars program promoting financial transparency.

The City of Lancaster achieved the 2015 Texas Comptroller Platinum Leadership Circle Award which has been superseded by their Transparency Stars Program. The City has since qualified for the Traditional Finances Transparency Star.

Transparency Star Certificate

The following financial data is based on the most recently completed fiscal year of 2021 (October 1, 2020 – September 30, 2021):

Fiscal Year 2021Per Capita
Total Revenue    $73,855,940   $1,789
    Property Tax Revenue    $27,233,924   $   660
    Sales Tax Revenue    $  7,817,596   $   189
Total Expenditures    $58,100,284   $1,408

Per capita figures above are calculated on the City’s 2021 estimated population of 41,275 based on

The City had 317 full-time equivalent employees at the end of fiscal year 2021.

Summary & Charts

City of Lancaster Revenues and Expenditures per Capita

City of Lancaster Property Tax Rate