Financial Reports

The City of Kress strives to provide accurate financial data to the community for full financial transparency. Financial Reports and Budgets are presented, re-evaluated and voted on annually following Local Government Code CHAPTER 102. MUNICIPAL BUDGET. Proposed Budget documents reflect the financial plan to be presented for the next fiscal year. The Final Budget includes the Proposed Budget plus changes made for budget and purchase order carryovers.

The City's financial reports and budget includes:

  • Accounts payable
  • Taxes & Rates
  • Revenues
  • Debts
  • Proposal and Implementation of the City budget
  • Insurance
  • Investments
  • Payroll
  • Utility billing and collections
  • City upkeep

Fiscal Year (FY) Annual Budget 2024-25 PDF

 

Fiscal Year (FY) Annual Budget 2024-2025 Summary

Proposed 2024-25

General Fund

Water Department

Revenues

$263,400.00

$196,500.00

Expenses

$197,275.00

$153,563.44

 

City of Kress FY Budget Graph for 2024-2025

Tax rate decrease of $0.3859 on each $100.00 taxable valuation of property. The rate is 11.3893 percent less than the no-new tax rate of $0.4355per $100.00 taxable valuation of property, and 3.8615 percent less than the voter approved tax rate of $0.4014per $100.00 taxable valuation of property

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