(July 23, 2013) The City of Frisco has earned a top state award that recognizes City efforts to "open its books" to residents and enable them to understand how their tax dollars are used. For the fourth straight year, the City received the Gold Leadership Circle Award from the Texas Comptroller of Public Accounts, given to local governments “striving to meet a high standard for online financial transparency.”
Cities that meet a certain criteria are honored at the bronze, silver or gold levels. To reach gold status, Frisco had to satisfy 18 of 20 requirements set by the state. The gold award is given to local governments that are “setting the bar for transparency,” according to the Comptroller’s office.
Among the innovative tools available through the City of Frisco website are an online City Checkbook that tracks spending and vendors, as well as the My Tax Dollars calculator that offers a breakdown of how tax money is distributed and a tax rate comparison chart.
“I’m very pleased that the City Council and City Manager’s Office support full transparency of the City’s financial information and have continued to encourage our staff to disclose in a citizen-friendly manner all things financial,” said Anita Cothran, Director of Finance for the City of Frisco. “This recognition from the State of Texas is an honor.”
The award was established in 2009 to encourage communities to provide clear, consistent pictures of spending and share information in a user-friendly format.