The Comptroller of Public Accounts launched the Transparency Stars Program in 2016 to recognize local governments across Texas that are striving to meet a high standard for financial transparency online. The city of Brady has earned the transparency star in "Traditional Finances".
The City of Brady is committed to providing clear and meaningful financial information not only by posting financial documents but also through summaries, visualizations, downloadable data and explanations of city processes. The city is participating in the State of Transparency Star program, recognizing governments for going above and beyond in transparency efforts. We participate to ensure full transparency is available to the public.
The City operates on a modified accrual basis, commonly used by government agencies. Revenues are recognized when they become available and measurable and, with a few exceptions, expenditures are recognized at the time the liability is incurred. This system divides available funds into separate entities within the organization to ensure that the money is being spent where it was intended.
Annual Total Revenues and Expenditures are based on governmental and business-type activities and include fund transfers.