City of Sealy, Texas

Financial Dashboard

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BUDGETS

These documents represent the original adopted budgets as approved by the City Council.

Fiscal Year 2012 Budget (October 1, 2011 through September 30, 2012)

Fiscal Year 2011 Budget (October 1, 2010 through September 30, 2011)

Fiscal Year 2010 Budget (October 1, 2009 through September 30, 2010)

COMPREHENSIVE ANNUAL FINANCIAL REPORTS (CAFRs)

The information in these documents has not been updated for developments subsequent to the dates of the respective independent auditors’ reports.

Fiscal Year 2010 CAFR (October 1, 2009 through September 30, 2010)

Fiscal Year 2009 CAFR (October 1, 2008 through September 30, 2009)

Fiscal Year 2008 CAFR (October 1, 2007 through September 30, 2008)

PAYMENT REGISTERS

These registers contain all disbursements made by the City, including paper checks and electronic payments to vendors, but do not include refunds of utility deposits to customers. Employee salary information is presented in summary form only by department at the end of each register. You may search for words or phrases within each register by using Adobe’s Find (Ctrl+F on PCs) or Advanced Search (Shift+Ctrl+F on PCs) feature.

Fiscal Year 2012 Payment Register (October 1, 2011 through January 31, 2012)

Fiscal Year 2011 Payment Register (October 1, 2010 through September 30, 2011)

Fiscal Year 2010 Payment Register (October 1, 2009 through September 30, 2010)

CURRENT TAX RATES

Property Tax – City of Sealy Only (rates expressed per $100 of taxable property value):

Tax Year 2011	Maintenance & Operations (M&O)	$ 0.18028
	Interest & Sinking Fund (I&S)	0.17585
	TOTAL RATE	$ 0.35613

Sales & Use Tax – Within City Limits of Sealy Only:

State of Texas		6.25%
Austin County		0.50%
City of Sealy	*	1.50%
TOTAL RATE		8.25%

* Includes 0.50% earmarked for economic development activities as administered by the Sealy Economic Development Corporation

Hotel/Motel Occupancy Tax – City of Sealy Only:

State of Texas	6.00%
City of Sealy	7.00%
TOTAL RATE	13.00%

PROPERTY TAX RATE HISTORY

The maintenance and operations (M&O) component of the property tax rate is used to fund the general operating costs of the City. The interest and sinking fund (I&S) rate, sometimes referred to as the “debt” rate, is used to repay the City’s general obligation (tax-supported) debt.

DEBT SERVICE REQUIREMENTS BY FISCAL YEAR

Repayment of the City’s long-term debt comes from a variety of funding sources, most notably of which is the interest and sinking fund (I&S) portion of City property taxes. In addition, the Sealy Economic Development Corporation has contractually agreed to contribute funding toward the repayment of the City’s Series 2003 Certificates of Obligation and also the Series 2010 Certificates of Obligation. The City of Sealy and Austin County each have pledged property taxes collected within Tax Increment Reinvestment Zone No. 1 (TIRZ #1) toward repayment of the City’s Series 2003 General Obligation Refunding Bonds. The 2009 Lease/Purchase obligation is being funded by revenues generated from the City’s general fund since a street sweeper had been acquired for that fund. The 2011 Lease/Purchase obligation is being funded by revenues generated from the City’s municipal drainage utility fund for a track-type tractor that had been acquired for that fund.

MONTHLY SALES & USE TAX REVENUE COMPARISON BY YEAR

Those doing business within Sealy’s City limits generate sales and use taxes on goods and services that they sell, which they collect and remit to the State Comptroller on a periodic basis. In turn, the State Comptroller processes and submits the City’s portion of those taxes within two months of the end of the respective reporting period. For example, sales and use taxes that the City of Sealy receives in February each year are actually those that had been collected in or through the prior December. The chart below shows tax monies that the City actually received in those respective months.

LOCAL HOTEL/MOTEL OCCUPANCY TAX COLLECTION HISTORY

The hotel/motel occupancy tax covers hotels, motels, and bed and breakfasts, as well as condominiums, apartments, and houses rented for less than 30 consecutive days. The State Comptroller's office collects and administers the state hotel tax, while the City of Sealy is responsible for collecting its own local hotel tax. Local establishments remit the local taxes they collect to the City on a quarterly basis.

PUBLIC INFORMATION REQUESTS

The City Secretary’s office is responsible for the care and maintenance of all City records. These records include all City Council minutes, agendas, ordinances, resolutions, deeds, easements, plats, contracts, and historical information. The City Secretary is designated as the City’s Records Management Officer by City ordinance. This designation makes her responsible for developing and administering a records retention and destruction policy, monitoring the records storage area, and overseeing the control of electronically stored records. In addition to these responsibilities, the City Secretary responds to numerous requests for City records filed each year under the Texas Public Information Act.

If you need to view or obtain copies of public information in the custody of the City of Sealy, you must complete a Request for Public Information form and submit it to the attention of the City Secretary using any of these methods:

IN PERSON:	City Hall 415 Main Street Sealy, TX 77474-2232
BY MAIL:	City of Sealy P. O. Box 517 Sealy, TX 77474-0517
BY FAX:	(979) 885-3513
BY E-MAIL:	Krisha Langton, City Secretary: klangton@ci.sealy.tx.us Dayl Cooksey, Assistant City Secretary: dcooksey@ci.sealy.tx.us

In obtaining copies of public information, please be aware that there are fees associated with providing the information. Be sure to review the City’s schedule of Public Records Charges for a listing of these fees.

RECOGNITIONS

We are a proud recipient of the Texas Comptroller's Leadership Circle Award for financial transparency. For the second consecutive year, the City of Sealy achieved the program’s highest award level of Gold, which is valid for a one-year period commencing May 23, 2011. For additional information about this program, please click on the logo below (link opens in a new window):

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