Financial Transparency : Traditional Finances
The City of Wichita Falls is making the effort to provide more fiscal transparency to its citizens. By utilizing the City’s Transparency Stars portal, which was created in accordance with the Texas State Comptroller certification guidelines, residents can now see key financial information about the City in a clear and user friendly manner.
In between FY 2011-12 and 2012-13, the rate increased by $0.01 to address needs at the airport, right of-way mowing, and staffing in Code Enforcement. In FY 2015-16, the rate increased $0.02. This increase addressed pay plans that had fallen below both public and private market indicators. In fiscal year 2016-17, the City Council authorized an increase of $0.051, to address increases in the cost of personnel services. In FY 2018-19, the rate increased $0.024 to fund a voter approved street maintenance bond. In FY 2019-20, the rate increased $0.033 to increase civil service pay plans and to move all City employees, excluding the Fire Department, to the same Texas Municipal Retirement System plan.
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.
This audited report provides a quantitative look at the operating success, financial health, and compliance of the government. 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. Please follow the above link to view the City of Wichita Falls' current and prior year's audited reports. The GFOA has awarded the City a Certificate of Achievement for Excellence in Financial Reporting 24 consecutive years.
A check register is a listing of all payments incurred during a month by the City. The check register includes payment date, payment amount, payee, and description.
The raw budget worksheets are organized by object code, and are posted in compliance with the Texas State Comptroller guidelines. These worksheets provide residents an interactive experience with the City's Adopted Budget. The Capital Improvement Plan is budgeted life to date of the project and not on a fiscal year basis.
Link to the Texas Comptroller’s website about transparency in government.