In recognition of the city?s excellent fiscal practices and policies, the Missouri City Finance Department has earned two new honors.
The gold Leadership Circle Award from the Texas Comptroller of Public Accounts salutes the City?s ?transparency in financial, audit and budget reporting to residents,? said Finance Director Wes Vela. ?We value financial accountability and an important service we provide to citizens is the online posting of the annual budget, annual financial report and check register.? The City Budget features key services and programs; the Comprehensive Annual Financial Report highlights details on the City?s financial condition and the Check Register shows how City funds are spent.
As of Nov. 4, 95 Texas cities have received a 2011 Leadership Award; 60 earned gold status. The program was started in 2009 to acknowledge local governments statewide that excel in setting and meeting high standards for financial transparency online. It commends cities that ?open their books to the public; provide clear, consistent pictures of spending and share information in user-friendly formats that allow taxpayers to easily find more information.?
This was the ?Show Me? City?s first year applying for the program and due to ?our strong economic management standards we achieved the highest level award,? which is reserved for municipalities that are setting the bar for transparency actions, Vela said. City Council Members recognized the accomplishment during their Nov. 7 meeting.
In October, the Finance Department received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada for the 27th consecutive year. The distinction is for the fiscal year ending July 2011 and represents the highest form of recognition in accounting for the comprehensive annual financial report. ?What the auditors are looking for is not only financial accuracy but also compliance with procedures that are in place because they have to rely on those procedures being done,? Vela said, explaining the auditor review process. City Council Members recognized the accomplishment during their Oct. 17 meeting.
To view the City?s financial documents, citizens can visit www.missouricitytx.gov and click on ?Financial Transparency? under Hot Topics. A complete list of Texas cities qualifying for the award can be found at www.window.state.tx.us/comptrol/checkup/.
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