Financial Transparency 

TransparencyStarHeading

The information contained on this page includes links to budgetary reports and audited financial reports,  downloadable check registers and budgets enable interactive access to important financial information. If you have questions, you can contact the City's elected officials by FOLLOWING THIS LINK.


Most Recent Financial Information - Fiscal Year 22

(Adopted September 2021, time period October 1, 2021- September 30, 2022)

City wide data is updated upon reciept of the audit for the most recent fiscal year, typically in the spring.

The following financial summary data is from the government-wide Statement of Activities in the City's Annual Comprehensive Financial Report. The government-wide Statement of Activities reports the results of the City's operations on an accrual basis of accounting. Revenues are recognized when earned, and expenses are recognized at the time the liability is incurred.

The per capita figures are based on the City of Van's estimated population of 2,661 (Based on the most recent US Census data - 2021)

FY22 Traditional Summary

Raw data worksheet 

________________________________________________________________________________________________

Revenues and Expenditures per Capita

Historical trend of overall revenue vs. expense per capita

OVERALL Revenue vs Expenditure Chart

Terminology / Description of Summary Information

Revenues - the income that the City has from its normal activities.

Expenditures - an expenditure is a payment or disbursement. The expenditure may be for the purchase of an asset, a reduction of a liability, or it could be an expense.

Government-wide - revenue and expenditure totals reported include all the City’s governmental and business-type activities. The information can also be found in the Statement of Activities in the FY21 Annual Comprehensive Financial Report.

Property Taxes - a levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county or geographical region, or a municipality. Multiple jurisdictions may tax the same property.

Sales Taxes - a consumable tax placed on retail sales, leases or rentals of most goods, and any taxable services in the state required.

Per Capita - for each person; in relation to people taken individually.

FTE Positions - number of full time equivalent employees for the most recently completed, audited fiscal year.

Fiscal Year - a fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ("yearly") financial statements in the City. For the City of Van, the Fiscal Year is October 1st through September 30th of the following year.

______________________________________________________________________________________

Sales Tax Data

Current and historical Sales Tax collection data for Van. Click on image for full size view. 

Sales Tax Chart Feb 24


See the raw data spreadsheet HERE

DIVISION OF SALES TAX
Time Period
Sales Tax Collected for City
Sales Tax Collected for Economic Development Corporation
FY23 (10/1/22-9/31/23)
$825,919.88
$289,375.12
FY24 YTD (10/1/23-2/20/24)
$383,0325.82$127,843.49

________________________________________________________________________________

Hotel Ocupancy Tax Fund

Senate Bill 1221 from the 2017 Texas legislative session requires local governments to annually report their hotel occupancy tax rates and revenue amounts, including the percentage of revenue allocated for specific uses, from the preceding fiscal year. The City’s report, using formatting and definitions provided by the Texas Comptroller’s Office, can be found in the link below.

 CLICK HERE FOR THE HOTEL OCCUPANCY TAX REPORT 

______________________________________________________________________

Property Tax Graph

The chart shows the City of Van property tax rate per $100 valuation from Fiscal Year 2016 through Fiscal Year 2022. 

proptaxupdate

View Truth in Taxation information HERE

________________________________________________________________________________

Other Financial Information 

The previous Annual Comprehensive Financial Reports along with the current and three previous years of check registers are listed below for your convenience.

City Budget

The previously adopted budgets along with our latest budget worksheet are listed below for your convenience.

View historical budget documents

View Raw Budget Worksheet for Curent Fiscal Year 

City Check Registers


View FY21 check registers here

View FY22 check registers here

VIew FY23 check registers here

                 

Annual Comprehensive Financial Reports

View the City of Van's Annual independent audit reports here.


Public Records Request

For any other traditional finance information not included on this webpage, please submit a public records request through the City Secretary's Office. 


  1. Administration


    Physical Address
    310 Chestnut St.
    Van, TX 75790

    Mailing Address
    P.O. Box 487
    Van, TX 75790