Financial Transparency

Financial Summary

The subsequent summary data was taken from the City’s Comprehensive Annual Financial Report Statement of Activities for the fiscal year ended September 30th, 2018.  The City operates on an accrual basis of accounting. Revenues are recognized when earned and expenses are recognized at the time the liability is incurred.

The City employs 81 employees, with 70 being Full-Time (FT) employees and 11 being Part-Time (PT) employees.

The City of Palmview’s Municipal Budget for Fiscal Year 2017-2018 provides a complete financial plan of all City funds and activities.  Current population estimates are a 17,806.

Revenues

Total revenues from all sources for FY 2018 are $6.1 million, an increase from $5.9 million in FY 2017.  This revenue is based on property taxes, sales taxes, and other economic activity.

Expenditures

Total expenditures for all Departments for FY 2018 were $6.1 million, An increase from $5.8 million in FY 2017.  These expenditures were based on personnel, operating, and capital costs.

Existing Debt

The City’s 2018 annual debt service was $264,841.  The following is a summary of the City’s existing debt:

Year Maturity Description Interest Amount
2004 2028 Note 5.25 $1,022,958
2009 2028 2008A Refunding Bond (Accounts payable, other liabilities) 7.25 $924,198
2014 2029 Notes (Payroll taxes, accounts payable) 5.5 $621,391
2014 2017 Note 3.99 $193,362
TOTAL $2,761,909

Municipal Property Tax Rates

Elected Officials

NAME TITLE PLACE EMAIL ADDRESS
Ricardo Villarreal Mayor rmvillarreal1970@cityofpalmivew.us
Javier Ramirez Councilman Place 1 javier.ramirez5000@gmail.com
Jose Luis Perez Councilman Place 2 jlp@msn.com
Linda Sarabia Councilwoman Place 3 sarabiafinancial@gmail.com
Anthony Uresti Councilman Place 4 anthonyuresti5@gmail.com
Joel Garcia Mayor Pro Tem Place 5 collisionman.jgarcia@yahoo.com

Reports