The City of Rockport is committed to comprehensive and transparent financial and fiscal management as a demonstration of strong accountability, customer oriented values, ethics, integrity, and stewardship. Every effort is made to ensure that the City’s financial information is easily accessible and readily available. The documents and other information available below provide a comprehensive picture of the City’s financial condition. Please direct questions about these documents to the Director of Finance.
The City of Rockport has partnered with ClearGov, a transparency and benchmarking platform, to launch an infographic-based fiscal dashboard. The new tool provides taxpayers an easy-to-understand, visual breakdown of the city's finances, as well as insights into the demographics, projects and more. Click on the banner below to view the City of Rockport's ClearGov page.
Comprehensive Annual Financial Reports contain the financial information on what actually has occurred after the fiscal year is completed, along with comments from an external auditor who has conducted various internal control tests and reviewed the financial statements.
The Annual Budget is the financial plan that is prepared before the beginning of each fiscal year. The budget preparation process extends over several months and includes careful deliberation on how to allocate limited resources to meet the priorities identified by the citizens of Rockport.
Texas cities issue debt to fund a variety of purposes, including streets, public utilities, facilities, large pieces of equipment, etc. They can issue both tax-supported and revenue-supported debt, the latter to be repaid through the revenues generated by the project that the debt supports, such as utility service fees. Debt accomplishes two principal objectives of public finance. First, for debt issued for capital projects, the users of public infrastructure are repaying the debt through tax payments. This is typically called "pay-as-you-use" (payuse) financing and is considered more equitable as the taxpayers receiving the benefit are paying the taxes needed to repay the bond. Second, the use of debt smooths spending on (often) large and expensive infrastructure projects. Without a bond issue, the jurisdiction would be required to make periodic lump sum payments for infrastructure,. Accordingly, taxes would fluctuate as the payments are made. The City of Rockport’s ability to borrow is governed by State law and the City’s Charter. Use the links below to learn more about the City of Rockport’s debt.
Consolidated Debt Balance Repayment Schedule
Legal Debt Margin Computation (PDF)
Long Term Debt Policy(PDF)
Preliminary Official Statement - CO Bonds 2015 (PDF)
Fitch Bond Rating 2015 (PDF)
Energy Consumption and Spending
HB 3693, via Government Code Sec. 2264.001(b), requires all political subdivisions of the State of Texas to disclose their consumption and spending for electricity.