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Texas Comptroller Glenn Hegar announced this month that Missouri City is the latest local government to achieve specific transparency goals through the Comptroller’s Transparency Stars program. Missouri City received a Transparency Star in the area of debt obligations, which recognizes entities whose websites show visual and narrative detail on outstanding debt, tax-supported debt obligations, historical bond elections and more.
“I am proud of the dedicated staff members in our Financial Services and Communications divisions who have coordinated on this second Transparency Stars recognition,” City Manager Anthony Snipes said. “Through the relaunch of the City’s website and continued efforts toward online financial transparency, residents and stakeholders may now go to www.mctxfinance.com and easily access essential debt information.”
Transparency Stars recognizes local government entities that provide easy online access to important financial data.
“By providing taxpayers with essential debt information in a variety of formats, Missouri City has shown a true commitment to Texas taxpayers. This effort achieves the goals set by our Transparency Stars program,” Hegar said. “I am pleased to award the ‘Show Me City’ a star for its accomplishments.”\
The Comptroller’s office launched the Transparency Stars program in March 2016 to recognize cities, counties, school districts and special purpose districts making important strides toward greater government transparency. After receiving a Traditional Finances star, local entities can go on to apply in other areas, for up to five stars:
For more on the program, including specific guidelines and information on how to apply, visit the Comptroller’s Transparency Stars website.
The Transparency Star recognitions in both the Traditional Finance and Debt Obligations areas are the latest in a string of recent financial successes for Missouri City. In June, Missouri City officials announced that for the 36th consecutive year, the “Show Me City” was awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR).
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.
In addition, earlier this year, S&P Global Ratings, a division of Standard & Poor’s Financial Services LLC, upgraded Missouri City’s bond rating from AA- to AA “while affirming a stable outlook” for the municipality.
The increase of the Show Me City’s score “is great news for our first-class citizens, stakeholders and municipal employees who go above and beyond every day to achieve the City’s mission of delivering outstanding customer service to all members of our diverse community,” City Manager Snipes said regarding the award. “Additionally, the City’s sound financial management that went into earning this upgrade further reflects our capacity to meet financial commitments throughout time.”
In 2017, Missouri City residents voted to approve a change in the City’s Fiscal Year to Oct. 1 – Sept. 30. With the changes in the budget cycle, planning for Fiscal Year 2019 has already begun. To ensure transparency throughout this new budget process and to educate citizens, staff has prepared a few frequently asked questions: http://bit.ly/2EMXJpm.
For more information about Missouri City, like us on Facebook—fb/MissouriCityTX, follow us on Twitter, Instagram and Snapchat—@MissouriCityTX, watch Missouri City Television (Ch. 16 on Comcast and Ch. 99 on AT&T U-verse) or download the MCTX Mobile app (available for free in Google Play and the Apple app store).