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Financial Transparency

Financial Transparency


Financial transparency and accountability are critical components of good stewardship of taxpayer resources. It is the Finance Department's commitment to provide clear and meaningful public information, as possible. In support of the open government philosophy, the City of Sealy has established this comprehensive online resource for citizens to review a variety of government information. The City's Finance Department works in conjunction with the administration to prepare and provide financial reports to residents.  If there is information not located on this page that a citizen may wish to see, please contact the City Secretary's Office at 979-885-3511.

Downloadable Data

Payment Registers
These registers contain all disbursements made by the city, including paper checks and electronic payments to vendors. Employee net salary information is presented monthly by department in summary form only.

Please note that the links to these registers will download Microsoft Excel spreadsheets containing the payment data to your computer. The raw format of the spreadsheet allows the user to perform additional analysis of the data, such as sorting and filtering.

Documents

Adopted Budgets
Annual Comprehensive Financial Reports (ACFRs)

 GUIDE TO UNDERSTANDING ANNUAL COMPREHENSIVE FINANCIAL  REPORTS (ACFRS)

So what is an ACFR? What does it report?

ACFR stands for Annual Comprehensive Financial Report . An ACFR is a set of financial statements for a state, municipality or other governmental entity that comply with the accounting requirements established by the Governmental Accounting Standards Board (GASB). It must be audited by an independent auditor using generally accepted government auditing standards.

The ACFR consists of three sections: Introductory, Financial and Statistical.

The Introductory section orients and guides the reader through the report. The Financial section presents the entity's basic financial statements as well as notes to the statements and the independent auditors' report. The Statistical section provides additional financial and statistical data, including data about financial trends that may better inform the reader about the government's activities.

Quarterly Investment Reports

Tax Information

Property Tax
property-tax11_thumbProperty, or "ad valorem," tax is a levy issued by a local government on real or personal property. The property is assessed to give it a value, and then that value is taxed. In Texas, the amount of tax owed is determined by multiplying the value of the property by the current tax rate and dividing by 100, as the rates are expressed per $100 of taxable property valuation.

In September of each year, the governing bodies of the local taxing units decide what services they will provide and how much money they will need. They adopt their respective unit budgets and set the property tax rates for the year that will provide the needed revenues to fund those services.

The City of Sealy contracts with the Austin County Appraiser District to function as the city's tax assessor-collector. By October 1 or as soon thereafter as practicable each year, the district prepares the property tax bills and mails them to all property owners listed on the tax roll or to their agents. The district also collects the taxes and then remits them to the city.

Tax Year 2021:  

Maintenance & Operations (M&O)

$0.19651 per $100 valuation

Interest & Sinking (I&S), or Debt Service

$0.06924 per $100 valuation

Total Rate

$0.26575 per $100 valuation
The M&O component of the tax rate generates revenues in the coming year to fund the day-to-day operations of the city's general fund, whereas the I&S component provides sufficient funds for the city's debt payments in the coming year.

proptaxrates_2012-2021
Tax Rate Worksheet History
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Related Links
Property Tax Assistance (Texas Comptroller Website)
Austin County Appraisal District
Sales and Use Tax

th1_thumbTexas imposes a state sales tax on all retail sales, leases, and rentals of most goods, as well as taxable services. Texas cities, counties, transit authorities, and special purpose districts have the option of imposing an additional local sales tax.Texas also imposes a use tax when purchasers buy taxable goods and services for use in Texas and the seller does not charge Texas sales tax or does not charge the correct amount of Texas sales tax. The use tax rates are the same as the state and local sales tax rates. Sales and use taxes are collected by the state and forwarded to the City of Sealy on a monthly basis.

What is the maximum sales tax rate that can be charged on a sale of taxable goods or services in Texas?


The sales tax rate charged by the state on the sale of each taxable item in the state is 6.25% of the sales price of the taxable item. (Tex. Tax Code Sec. 151.051) In addition to the state’s 6.25% sales tax rate, local taxing entities (cities, counties, transit authorities, and special purpose districts) can collectively claim an additional 2.00% tax rate, for a total maximum tax rate of 8.25% in any given location. (Tex. Tax Code Sec. 321.101(f)) Whether or not the sales tax rate is “maxed out” in a given city depends on what sales taxes have been adopted by the city, in addition to what sales taxes have been adopted by the other taxing entities that overlap with the city.

The breakdown of the sales tax rate within the city limits of Sealy is as follows:

State of Texas

 6.25%

Austin County

 0.50%

City of Sealy

 1.50% 

Total Rate

 8.25%

What is the sales tax for general revenue?


The sales tax for general revenue is a tax that may be levied by a city on all taxable items sold in the city. The revenues from the tax may be spent on almost any lawful purpose of the city. Within the city limits of Sealy, the sales tax rate for general revenue is currently set at 1.00%.

What are sales taxes for dedicated purposes?


All city sales taxes, other than the sales tax for general revenue, are considered sales taxes for dedicated purposes. As the name implies, each of these taxes may only be spent on certain, or dedicated, items or projects. Cities may have a mix of different dedicated taxes, in addition to the general revenue sales tax, so long as the total tax rate in the city does not exceed 8.25%.

Examples of dedicated sales taxes include those for economic development, street maintenance, venue districts, crime control and prevention districts, and property tax relief.

Currently, the City of Sealy has a dedicated sales tax for economic development, and that tax rate is set at 0.50%.

Hotel Occupancy Tax

hotel5_thumbHotel occupancy tax is imposed on the rental of a room or space in a hotel costing $15 or more each day. The tax applies not only to hotels and motels, but also to bed and breakfasts, condominiums, apartments, and houses. Local hotel taxes apply to sleeping rooms costing $2 or more each day.

Persons leasing their houses, or rooms in their house, must collect the tax from their customers in the same way a hotel or motel collects the tax from its guests. Property management companies, online travel companies, and other third-party rental companies may also be responsible for collecting the tax.

The Texas 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.

Tax Rates for City of Sealy only:  

State of Texas

   6.00%

City of Sealy

   7.00%

Total Rate

 13.00%