The Finance Department is responsible for preparing financial reports that promote transparency and accountability. The following financial documents are available for your review:
The following summary data is from the government-wide Statement of Activities in the City’s Comprehensive Annual Financial Report. The government-wide Statement of Activities reports the results of the of the City’s operations on an accrual basis of accounting. Revenues are recognized when earned and expenses are recognized at the time the liability is incurred.
The per capita figures are based on the City’s 2013 estimated population of 10,739.
A budget serves as the financial plan for the City. It shows proposed spending and revenue in broad categories by department or by account type. The City of Jacinto City’s Budget cycle begins on October 1st and ends on September 30th each year.
Monthly Summary Financial Statements – Budget Basis
Summary Financial Statements present the major operating funds of the City on a budget basis which approximates a modified accrual basis of accounting. These statements are prepared as a tool for management to identify any trends that need to be addressed.
A check register is a listing of all payments incurred during a quarter by the City. The check register includes payment date, payment amount, payee, type of expenditure, and business unit.
Comprehensive Annual Financial Report (CAFR)
This report provides a quantitative look at the operating success, financial health, and compliance of the government report units. It includes a balance sheet, a statement of changes in financial position, a statement of revenues and expense, and a comparison of budgeted to actual expenses and revenues.
This page provides information related to the City’s participation in the Texas Municipal Retirement System.
Investment Officer’s reports provide information and analysis on City investments in accordance with the Texas Public Funds Investment Act.
Debt Information & Debt Service
Summary information about outstanding debt including debt obligations, descriptions, dates issued, total amounts and maturity dates. Debt service schedules for all outstanding General Obligation Bonds, Certificates of Obligation and Revenue Bonds.
Texas Transparency Organization
Link to the Texas Comptroller’s website about transparency in government, including local debt.