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.
Historical trend of overall revenue vs. expense per capita
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.
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.