Financial Transparency

Texas Comptroller of Public Accounts Awards the City of Diboll the Traditional Finances Star  

The Comptroller of Public Accounts launched the Transparency Stars Program in 2016 to recognize local governments across Texas that are striving to meet a high standard for financial transparency online. “By providing meaningful financial data in addition to visual tools and analysis of its revenues and expenditures, the City of Diboll has shown a true commitment to Texas taxpayers. This effort achieves the goals set by my office’s Transparency Stars program,” Hegar said. “I am pleased to award the City of Diboll a star for its accomplishments.”  The City of Diboll is committed to providing clear and meaningful financial information not only by posting financial documents but also through summaries, visualizations, downloadable data and explanations of city processes.  The city is participating in the State of Transparency Star program, recognizing governments for going above and beyond in transparency efforts.  We participate to ensure full transparency is available to the public. The City operates on a modified accrual basis, commonly used by government agencies.  Revenues are recognized when they become available and measurable and, with a few exceptions, expenditures are recognized at the time the liability is incurred. This system divides available funds into separate entities within the organization to ensure that the money is being spent where it was intended.
Annual Total Revenues and Expenditures are based on governmental and business-type activities and include fund transfers.

City Budgets

The City budget is prepared by the Finance Officer and is approved by the City Council. The goal of the City budget is to evaluate and direct City departments, helping them make successful decisions in resource allocation, program evaluations, financial management, and long-range planning.
The fiscal year of the City shall begin on October 1 and end on September 30. On or before June 30 of each year, the Finance Officer shall submit for Council review and approval a draft budget. Draft budget expenditures shall not exceed the total of estimated funds available from all sources. During budget workshops staff, with the council’s direction, will develop a proposed budget.  The proposed budget will be presented to the Council at the first regular council meeting in August. The Council will act on the approval and adoption of the budget proposed.
Last updated 4/19/2024