Finance
 

 

 
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Several key financial documents are available through this website as part of a continuing effort to provide the best possible response to the needs of the citizens of Corsicana and its business community.

Annual Budget: The first category of documents is the Annual Budget which is the financial plan that is prepared before the beginning of each fiscal year. The budget preparation process extends over several months and it includes careful deliberation on how to allocate limited resources to meet the priorities identified by the citizens of Corsicana.

Monthly Financial Report The second category of documents is the Monthly Financial Report which provides a summarized view of revenues and expenditures for major funds. This financial report compares actual revenues and expenditures to date with the same period in the previous fiscal year. Incremental budget appropriations and current year forecasts are provided along with additional supporting schedules and analysis. This report is generally prepared for release by the 15th of each month following the close of the reporting period.

Cash Disbursement Registers The third category of documents is the City's cash disbursement registers. These are divided into two sub-categories: Weekly Check Registers and Cash Account Transaction Registers.

    Weekly Check Register: The Weekly Check Register, which lists payments to vendors, was added in September, 2009. The weekly check register provides additional transparency for City business transactions and depicts which vendors are being utilized to provide various goods and services in support of the budget plan.

    Cash Account Transaction Register: The monthly Cash Account Transaction Register was added in October, 2010 to further provide financial transparency for the City.

Annual Financial Report: The fourth category of documents is the Annual Financial Report which contains the financial information on what actually has occurred after the fiscal year is completed along with comments from an external auditor who has conducted various internal control tests and reviewed the financial statements.

Should you have questions about these financial documents or desire additional information, please contact Virginia Richardson, Director of Finance/City Secretary. She can be reached by e-mail at grichardson@ci.corsicana.tx.us, regular mail at 200 N 12th St, Corsicana, Texas 75110 or by telephone at (903) 654-4815.