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Georgetown Finance Department

Financial Summary

The following graphs and tables show five years of major sources of revenues and expenditures for the City. The data comes from the audited year-end actuals in the City’s  Annual Financial Report. Revenue trends show steady increases with the City’s population growth. In 2014, The City acquired the Chisholm Trail Special Utility District which added 7,500 new water customers and over 375 square miles of new service territory. Expenditures also generally trend upward with population growth; however, expenditures can vary significantly from year to year due to changes in the Capital Improvement Plan.

The City’s property tax rate is currently the lowest in Central Texas at 41.8 cents per $100 of assessed valuation. While the city’s property tax rate has hovered around 42 cents for the past five years, the revenue from property taxes have increased along with the increases in the assessed value of property. The City sales tax rate is 2%. Sales tax revenue has also increased over the five year period due to increases in population and tourism.

A major source of operational expenditure is the City’s personnel. Over the past five years, the City’s total number of personnel has increased by more than 80 full-time equivalent positions. The bulk of this increase is related to the acquisition of the Chisolm Trail water system, the establishment of Emergency Medical Services, and two new fire stations.

For more information about the City’s revenue and expenditures, click here to check out the Budget in Brief.

Revenues

Revenues (Budgeted) 2018 2019 2020 2021 2022
Governmental Activities 82,056,273 65,045,841 66,155,886 124,481,661 171,004,,461
Business-type Activities 173,599,259 202,493,550 236,801,630 239,484,544 221,841,807
General Revenues 61,993,165 70,162,863 75,483,881 83,206,421 90,772,990
Total Revenues 317,648,697 337,702,254 378,441,397 447,172,646 483,619,258
Population 60,642 62,500 66,466 79,604 81,942
Per Capita Revenue 5,238 5,403 5694 5617 5902

Expenses

Expenses (Budgeted) 2018 2019 2020 2021 2022
Governmental Activities 159,129,370 143,478,949 157,084,212 266,339,275 258,649,923
Business-type Activities 177,698,300 210,770,310 280,849,867 326,061,509 224,138,780
Total Expenses 336,827,670 354,249,259 437,934,079 592,400,784 4820,788,703
Population 60,642 62,500 66,466 79,604 81,942
Per Capita Expense 5,554 5,668 6,588 7,442 5,892

 

City of Georgetown, Texas

Full Time Equivalent City Government Employees By Function

Click here for a downloadable PDF of Position Control for FY 2019 – FY 2022.

Note: A full-time employee is scheduled to work 2,080 hours per year (including vacation and sick leave). Full-time equivalent employment is calculated by dividing total labor hours by 2,080.

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