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.
*Updated after completion of the FY21 Comprehensive Financial Report.
In FY 2018-19, the City's 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 TMRS plan contributions. This adopted FY 2022 budget reduces the City's property tax rate from 0.763323 to 0.760928, or -0.31%.
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 chart represents the City's total FTE by function and program.
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.