Financial Transparency

  1. Financial Transparency Compliance

    Financial transparency is a priority in Fate. The City complies with prevailing federal, state, and local regulations. Its accounting practices and financial reporting conform to Generally Accepted Accounting Principles promulgated by the Government Accounting Standards Board (GASB), the American Institute of Certified Public Accountants (AICPA), the Government Finance Officers Association (GFOA), and the Public Fund Investment Act of Texas (PFIA). 
  2. The City Council selects an independent firm of Certified Public Accountants to perform an annual audit of all operations. Additionally, the City continues to participate in the Government Finance Officers Association's Certificate of Achievement for Excellence in Financial Reporting and the Texas Comptroller's Office Leadership Circle program promoting financial transparency.
  3. OpenGov

    OpenGov is a cloud-based software that is available through the City’s website. This software is a modern budgeting instrument that seamlessly ties budget dollars to key organizational initiatives. It integrates the City budgeting process with performance and reporting while increasing communications.

  4. Fiscal Year 2023-2024 Budget

  1. Transparency Stars
  2. Traditional Finance
  3. Debt Obligations
  4. Financial Reports
  5. Contact Us

The City is committed to providing financial transparency information to the community. The pages that follow are in compliance with the Texas Comptroller of Public Accounts, Transparency Star program

The landscape of financial transparency has changed.  So, the Texas Comptroller of Public Accounts introduced the Transparency Star program.  The City is committed to providing the information required by the State program.

On this page, you will find financial information and links to the financial information that provides information on how City tax dollars are budgeted, spent, and invested.  

Texas Comptroller of Public Accounts' Transparency Stars