We’ve been awarded five stars by the Texas Comptroller’s Transparency Star program.
Most Recent Financial Information
The following financial summary data is from the government-wide Statement of Activities in the city’s Comprehensive Annual Financial Report (CAFR). The government-wide Statement of Activities reports the results of the city’s operations on an accrual basis of accounting. Revenues are recognized when earned, and expenses are recognized at the time the liability is incurred.
The per capita figures are based on the city’s 2020 estimated population of 198,507.
|Fiscal Year 2020||Per Capita|
|Revenues & Transfers|
|Total Governmental Activities||$268,939,542||$1,354.81|
|Total Business-Type Activities||$154,539,895||$778.51|
|Total Government-Wide Revenues||$423,479,437||$2.133|
|Total Government-Wide Expenses||$322,207,052||$1,623.15|
|Change in Net Position||$101,272,385||$510.17|
|Total Full-Time Equivalent Positions||1,322|
The Finance Department is committed to building public trust through sound financial management and innovative and effective business decisions while protecting the city’s assets, ensuring compliance with federal, state and local laws and regulations. The previous Comprehensive Annual Financial Reports along with the current and three previous years of check registers are listed below for your convenience.
The Budget Department of the City of McKinney services the institution’s strategic priorities through budget development that is aligned with the Mayor and Council’s priorities as reflected by the democratic process of a representative government. The previously-adopted budgets along with our latest budget worksheet are listed below for your convenience.