- Financial Transparency
- Budget at a Glance
- Revenues vs Expenditures
- Ad Valorem Taxes
- Annual Budgets
- Check Registers
The Comptroller of Public Accounts launched the Transparency Stars Program in 2016 to recognize local governments across Texas that are striving to meet a high standard for financial transparency online. The city of Granbury has earned the transparency star in "Traditional Finances".
The financial information and documents are provided to give our citizens a clear view of how the City’s funds are used to make the City of Granbury a great place to reside or visit.
The following financial summary data is for the most recently completed fiscal year of October 1, 2016 to September 30, 2017, and is designed to provide a broad overview of the City’s finances. The information reported can be viewed in detail in the City’s audited Comprehensive Annual Financial Report.
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Fiscal Year 2018 Budgeted Positions:
Full Time 163
Part Time 22
The per capita figures are based on the City’s 2017 estimated population of 9,310.
City of Granbury issues a variety of long-term debt instruments to finance major capital purchases, such as improving or expanding City infrastructure and facilities. These instruments include general obligation bonds, certificates of obligation and revenue bonds. Future ad valorem tax revenues and/or water, electric and sewer system revenues secure these debt obligations.
General Obligation (GO) Bonds
General Obligation Bonds provide funds for the acquisition and construction of major capital equipment, facilities, and infrastructure. General obligation Bonds are direct obligations issued on a pledge of the general taxing power for the payment of the debt obligations of the City. GO Bonds are backed by the “full faith and credit” of the City. In practice, principal and interest payments are funded by a tax assessment on the valuation of each commercial, residential and business personal property within the City.
The City of Granbury’s general obligation debt is rated ‘AA’ by both Standard & Poor’s (S&P) Global Ratings and Fitch Ratings. The ‘AA’ rating indicates that the City of Granbury has a very strong capacity to meet its financial commitments.
Water and Sewer Revenue Bonds
Revenue Bonds are used to finance the acquisition and construction of major capital improvements for the electric, water and sewer system and related facilities. These Revenue Bonds constitute special obligations of the City solely secured by the pledge of the net revenues of the electric, water and sewer system.
The City’s Utility Bonds are rated ‘A+’ by Standard & Poor’s (S&P) Global Ratings.
Certificates of Obligation (COs)
Certificates of Obligation are typically issued without voter approval and backed by tax revenue, fee revenues, or a combination of the two. The City's COs are secured by a combination of property taxes and a limited pledge of the City's combined electric, water and wastewater system.
Outstanding Debt Obligation by Issue as of 9-30-2017: Issue-by-issue listing including principal amount of each outstanding debt obligation.
Outstanding Direct Debt by Fiscal Year for the last 5-year: Total outstanding tax-supported and revenue-supported debt.
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Budgets: Documents include debt service information for current and previous fiscal years.
Debt Service Schedules as of 9-30-2017: Debt service schedules for all outstanding General Obligation Bonds, Certificates of Obligation and Revenue Bonds.
For More information: 2017-2018 Adopted Budget (pages 219-227)
HB 1378: Debt Obligation Reporting under Local Government Code Section 140.008
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.
Annual Operating Budgets
The City of Granbury’s budget is a financial plan for the fiscal year of operations that matches all planned revenues and expenditures with the services provided to the residents of the City, based on established budgetary policies. The City is committed to setting community goals, performance measures, and priorities to convert taxpayer requests and resources into government services and expenditures that support the needs and desires of its citizens.
Current Adopted Budget:
The City of Granbury's Finance Team has won the GFOA Distinguished Budget Presentation Award for the past 15 years.
Comprehensive Annual Financial Reports
The City of Granbury’s Comprehensive Annual Financial Report is published to provide the City Council, citizens, bondholders, City staff and other interested parties with audited detailed information concerning the financial condition and activities of the City government. The report contains a balance sheet, a statement of changes in net position, a statement of revenues and expenditures, and a comparison of budgeted to actual expenditures and revenue. The report also contains statistical data and other information of interest.
The City of Granbury's Finance Team has been awarded GFOA's Certificate of Achievement for Excellence in Financial Reporting for the past 15 years.
Click any of the fiscal years below to view an interactive check register. This check register is updated daily and includes several other city-wide transactions. You can filter the tables by Check #, Vendor, Date, Amount or Account.
- FY 2018-2019 (current operating fiscal year)
- FY 2017-2018
- FY 2016-2017
- FY 2015-2016
- FY 2014-2015
- FY 2013-2014
- FY 2012-2013