City awarded for financial transparency

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By KAROLYN GEPHART

The City of Pearland has been recognized by Texas Comptroller for achieving transparency goals set in the Comptroller’s Transparency Stars program. The City was awarded a star in Traditional Finances.

The award recognizes local governments across the state that are striving to meet a high standard for financial transparency online.

According to the award, these efforts provide citizens with clear, consistent information about public spending in user friendly formats. The City of Pearland has made their spending and revenue information available and easy to find by residents.

“By providing meaningful financial data with visual tools and analysis of its revenues and expenditures, the City of Pearland has shown a true commitment to Texas taxpayers,” Texas Comptroller Glenn Hegar said. “I am pleased to award the City of Pearland a star for its accomplishments.”

The City maintains 50 funds with a total budget of $387 million and maintains a credit rating of Aa2 from Moody’s and AA from both Standard & Poor’s and Fitch.

The Comptroller’s office launched the Transparency Stars program in March to recognize cities, counties and school districts making important strides to greater government transparency.

Local government entities can apply for stars in the areas of Traditional Finances, Contracts and Procurement, Economic Development, Public Pensions and Debt Obligations.

Once an entity receives the initial star for Traditional Finances, remaining stars may be awarded in any order, according to Hegar.

“We are proud of this award as it recognizes the City of Pearland’s high standards in financial reporting and the hard work and integrity of our staff,” Pearland Director of Finance Cynthia Pearson said.

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