Finance
Citizens & Finance
The following divisions comprise the Finance Administration Department:
- Accounting
- Budget
- Municipal Court
- Utility Billing
Responsibilities
The Financial Services Department manages and accounts for the City’s financial resources. The department is responsible for:
- Investing city funds and protect assets Investment Reports
- Providing City Council with Monthly Finance Reports
- Maintaining fiscal liquidity
- Maximizing income in compliance with all governing financial and accounts laws
- Preparing and monitoring the Annual Budget Report
In addition, the department provides daily financial operations for the City, such as payroll, accounts payable, accounts receivable, debt administration and financial reporting.
Financial Reporting & Transparency
We strive to achieve excellence in financial reporting and maintain high quality bond ratings. In July 2019, we received the GFOA Budget Award for FY19. This is the second year we have been given this award by the Government Finance Officers Association.
The City of Pilot Point has earned from the Texas Comptroller's Office the Transparency Stars Award in the area of Traditional Finances.
Please feel free to browse and download any Budget Documents, Check Registers, or Financial Reports you wish to review.
This summary data is from the government-wide Statement of Activities in the City’s Comprehensive Annual Financial Report (CAFR). The government-wide Statement of Activities reports the results 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.