|
|
|
Popular Annual Financial Report FY 2024 |
|
$ 800,000
$ 700,000
|
Long-term Debt Outstanding 2024( in thousands)
GOVERNMENTAL ACTIVITIES
$ 711,333
$ 686,423 $ 674,046
|
Venue $ 49,110 |
Sales Tax Break-Out 2024 |
$ 600,000 $ 500,000 $ 400,000 $ 300,000 |
Total $ 165,531 in thousands |
General Fund $ 91,866 |
$ 200,000 $ 100,000 |
Street Maintenance
$ 24,555
|
Special Purpose |
Business-Type Activities |
$ 600,000 |
$ 515,718 $ 525,306 |
$ 570,486 |
$ 600,000 |
$ 500,000 $ 400,000 |
$ 500,000 $ 400,000 |
$ 386,667 $ 375,568 |
$ 394,689 |
$ 300,000 |
$ 300,000 |
|
|
$ 200,000 |
$ 200,000 |
|
|
$ 100,000 |
$ 100,000 |
|
|
$ 0 |
2024 |
2023 |
2022 |
$ 0 |
2024 |
2023 |
2022 |
GLOSSARY OF ACCOUNTING TERMINOLOGY
• General Fund: The chief operating fund of the City.
• Enterprise Funds: Water, Sewer, Storm Water Utilities and Aviation that are funded by fees charged to users.
• Capital Outlay: Funds spent to purchase or construct buildings, machinery, vehicles, etc.
• Total Fund Balance: Difference between a fund’ s assets and deferred outflow of resources and liabilities and deferred inflow of resources.
• Nonspendable Fund Balance: Portion that cannot be spent because the underlying resources are not in spendable form.
• Restricted Fund Balance: Portion subject to externally enforceable constraints.
• Committed Fund Balance: Portion that is subject to legally binding constraints imposed by the City.
• Assigned Fund Balance: Portion set aside for a particular purpose.
• Unassigned Fund Balance: Remaining balance after subtracting the other types of fund balance.
• Government-wide: The City as a whole
• Governmental Activities: The City’ s basic services mostly funded by property and sales taxes and franchise fees.
• Infrastructure Assets: Stationary City assets that include streets, sidewalks, water, sewer and drainage systems.
• Net Pension Liability / Asset: Total pension obligation less the assets set aside in a trust and restricted to paying benefits to current employees, retirees and their beneficiaries.
• Other Post Employment Benefit( OPEB) Liability: Benefits other than pensions that state and local governments provide their retired employees not funded.
• Net Position: Difference between assets and deferred outflow of resources and liabilities and deferred inflow of resources.
• TMRS: Texas Municipal Retirement System.
• Assets: Resources owned or controlled that provide future benefits.
• Deferred Outflows: Costs incurred that will provide benefits in the future.
• Liabilities: Obligations to pay or provide services in the future.
• Deferred Inflows: Resources received now that will be recognized as revenue or benefits in the future.
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