OpenGov Transparency Portal
The City of Sachse is offering an interactive online reporting tool that allows citizens to explore the City of Sachse’s financial data online in various graphical formats. The Financial Transparency Portal, powered by OpenGov, improves the overall financial transparency allowing users to view the data at the highest level or drill down to detailed expenses/revenues. Users can also download the data into an Excel spreadsheet.
The City of Sachse is reviewed and rated by two separate rating agencies. The City of Sachse maintains AA- with Standard and Poor’s; Aa2 with Moody’s. There are not any bond elections currently scheduled.
The City Budget is an annually adopted document that outlines revenues and expenditures for the fiscal year.
Comprehensive Annual Financial Report (CAFR)
The CAFR is an annual financial report of the City that complies with the accounting requirements promulgated by the Governmental Accounting Standards Board (GASB).
Quarterly Budget Report
The Budget Report includes revenues and expenditures for the General, Utility, Debt Service, Impact Fee, Special Revenue, Street Maintenance Tax, and Health Insurance funds. Reports available soon.
The City of Sachse provides online check registers for accounts payable and payroll disbursements. The registers posted exclude information that might provide protected information. Reports available soon.
When issuing debt obligations, the City of Sachse adheres to its Debt Policy.
Government Finance Officers Association
The City of Sachse participates in the Government Finance Officers Association award programs for both the Annual Budget and the CAFR. The City has received the award for Distinguished Budget Presentation for five consecutive years as of 09/30/17; The Certificate of Achievement for Excellence in Financial Reporting for 19 consecutive years as of 09/30/2017.
HB 3693 Compliance Report
The City of Sachse will comply with the requirements of HB 3693 by compiling and posting the following information annually:
- The total metered amount of electricity, natural gas and water used by the City.
- The total amount paid for electricity, natural gas and water.
|Calendar Year||Electric Consumption (kWH)||Electric Cost||Natural Gas Consumption (MCF)||Natural Gas Cost||Water Consumption (Gals.)||Water Cost||Total of All Utilities|
Municipal Advisor Certificate
The City has an Independent Registered Municipal Advisor in compliance with the SEC Municipal Advisor Rule.
The current 2017 property tax rate is $.747279 in Dallas County and Collin Rate per $100 valuation. The sales tax rate is 8.0% with the City retaining 1.75%. Visit Tax Information for more information on tax rates and the breakdown of how they are used.
The City of Sachse holds various types of property (valued at $10 - $100) which were unclaimed and presumed abandoned and are subject to Title VI. Chapter 76 of the Texas Property Code. In accordance with the State Law, any amount over $100 is sent to the State Comptroller where it is held until claimed.