- Home
- Departments
- Financial Services
- Financial Transparency
- Traditional Finances
Traditional Finances
Traditional Finances
We’ve been awarded five stars by the Texas Comptroller’s Transparency Star program.
|
|
Most Recent Financial Information
The following financial 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.
The per capita figures are based on the city’s 2019 estimated population of 187,802.
Fiscal Year 2019 | Per Capita | |
---|---|---|
Revenues & Transfers | ||
Governmental Activities: | ||
Program Revenues | $66,375,457 | $353.43 |
Property Taxes | 116,385,145 | 619.72 |
Sales Taxes | 30,724,015 | 163.60 |
Franchise Taxes | 16,056,901 | 85.50 |
Other Revenues | (6,268,303) | (33.28) |
Transfers | 4,426,814 | 23.57 |
Total Governmental Activities | $227,700,.029 | $1,266.38 |
Business-Type Activities: | ||
Program Revenues | $133,160,697 | $709.05 |
Other Revenues | 6,134,266 | 32.66 |
Transfers | (4,426,814) | (23.57) |
Total Business-Type Activities | $34,868,149 | $718.14 |
Total Government-Wide Revenues | $362,568,178 | $1,931 |
Expenses | ||
Governmental Activities | $207,737,410 | $1,106.15 |
Business-Type Activities | 114,469,642 | 609.52 |
Total Expenses | $322,207,052 | $1,715.67 |
Total Government-Wide Expenses | $322,207,052 | $1,715.67 |
Change in Net Position | $40,361,126 | $214.91 |
Total Full-Time Equivalent Positions | 1,254 |
Finance Department
The Finance Department is committed to building public trust through sound financial management and innovative and effective business decisions while protecting the city’s assets, ensuring compliance with federal, state and local laws and regulations. The previous Comprehensive Annual Financial Reports along with the current and three previous years of check registers are listed below for your convenience.
|
|
Budget Department
The Budget Department of the City of McKinney services the institution’s strategic priorities through budget development that is aligned with the Mayor and Council’s priorities as reflected by the democratic process of a representative government. The previously-adopted budgets along with our latest budget worksheet are listed below for your convenience.
- View Current Adopted Budget | View All
- Raw Budget Worksheet Adopted Budget amounts may differ from Proposed Budget; the Final Adopted Book is published in December. CIP is budgeted LTD not on a FY basis.