Terms Used In Texas Local Government Code 105.092

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005

In conjunction with the publication of the annual financial statement of the municipality, the designated officer shall prepare a report which shall describe in summary form:
(1) the amount of receipts and expenditures of the municipal treasury;
(2) the amount of money on hand in each fund;
(3) the amount of bonds becoming due for redemption that require action;
(4) the amount of interest to be paid during the next fiscal year; and
(5) any other information required by law to be reported by the designated officer.