Financial Transparency

Accountability and financial transparency are the foundation of a well-managed and open government. The City of Sanger has made government transparency a top priority.

The City of Sanger financial policies set forth the basic framework for the fiscal management of the City. These policies were developed within the parameters established by applicable provisions of the Texas Local Government Code and the Sanger City Charter. The policies are intended to assist the City Council and city staff in evaluating current activities and proposals for future programs. The policies are to be reviewed on an annual basis and modified to accommodate changing circumstances or conditions.

Budgets and Financial Reports

ON MONDAY, SEPTEMBER 16, 2019, CITY COUNCIL APPROVED THE 2019-2020 OPERATING BUDGET.  THE CITY APPROVED A PROPERTY TAX RATE OF $0.6791/$100 VALUATION.  THIS PROPERTY TAX RATE IS UNCHANGED FROM THE PREVIOUS YEAR.  The following is presented in accordance with Texas Tax Code § 26.05:  THE CITY OF SANGER ADOPTED A TAX RATE THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE.  THE TAX RATE WILL EFFECTIVELY BE RAISED BY 5.29 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY $20.57.

Financial Summary

The following data is derived from the City’s government-wide Statement of Activities in the Annual Financial Report.  The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting.  Under the accrual basis of accounting, revenues are recognized when earned and expenses recognized at the time the liability is incurred. 

HB 1378 Documents

The 84th Legislature passed HB 1378 to increase the transparency of local government debt. Under Local Government Code §140.008, political subdivisions, including counties, cities, school districts, junior college districts, special purpose districts, and other subdivisions of state government must annually compile their debt obligation data from the preceding fiscal year.  The City of Sanger has opted to report it to the Comptroller of Public Accounts Website for posting.

2019 Local Government Debt Reporting Submission Verification

2018 Local Government Debt Reporting Submission Verification

2017 Local Government Debt Reporting Submission Verification