The City of Plano is committed to providing resources and data as part of an on-going effort to promote transparency and openness in our City government through a variety of methods. The City has chosen to participate in the Texas Comptroller’s Transparency Stars Program, recognizing local governments for going above and beyond in transparency efforts. Further information about the State’s program can be found at www.texastransparency.org.
Traditional Finance Summary
The following data is derived from the City’s government-wide Statement of Activities in the Comprehensive Annual Financial Report. The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and expenses recognized at the time the liability is incurred.
The per capita figures are based on the City’s September 30, 2016, population of 276,700 provided by the North Central Texas Council of Governments and the City of Plano.
Budget The City Budget Department offers details about the budget process, forecasted revenues and expenditures, Community Investment Program (CIP), current Three-Year Financial Forecast and Status Report, and upcoming budget related events.
Check Register The City of Plano provides online check registers for accounts payable, payroll and risk management check disbursements. The registers posted exclude information that might provide protected privacy information. Financial Reports and Unclaimed Property Listing The City provides monthly and annual financial reports consisting of the Comprehensive Monthly Financial Report (CMFR), Comprehensive Annual Financial Report (CAFR), Popular Annual Financial Report (PAFR), Report on Federal and State Awards in Accordance with Uniform Guidance and Quarterly Investment Reports.
This document provides information regarding how the City of Plano handles its debt. Bond Election
This document provides information on the 2017 Bond Referendum.
Texas Municipal Retirement System (TMRS)
The City of Plano participates as one of 860 plans in the nontraditional, joint contributory, hybrid defined benefit pension plan administered by TMRS. In this plan, each participating government’s pension is centrally administered and governed by state statutes but the assets and related pension liabilities for each government are accounted for separately and any unfunded liabilities are solely the obligation of that government.
Deposit Rate:7% of pay
Matching Ratio (City to Employee)2-1
Vesting of Benefits5 years