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Learn more about Financial Services here.
Check out the city's annual financial reports here
See also: Check Register (view all issued checks)
Per Capita
Per capita calculations help provide context to certain metrics by directly factoring in a city's population. For example, some cities have more or less revenue than other cities, and by dividing that revenue by the population, we can have a better understanding of the degree of impact of that revenue. Per capita measures are standard scores that can be helpful when comparing two or more cities.
More information and raw data can be found here on our Financial Transparency webpage.
All city revenue summed and divided by the population
All city expenditures summed and divided by the population
All city sales tax summed and divided by the population
All city property tax summed and divided by the population
GOAL: > 60 Days
The city strives to maintain a balance in the General Fund at end of each fiscal year as insurance against unexpected economic disturbances. The number to the left displays the number of days General Fund reserves could be utilized for operational outlay without revenues being generated.
Sales Tax
In any given year, sales tax makes up approximately 1/3 of the city's revenue and is as significant of a revenue source as property taxes. When purchasing goods and services in Lewisville, consumers can expect to pay 8.25% sales tax, comprised of:
State of Texas 6.250%
City of Lewisville (General Fund) 1.000%
City of Lewisville (Crime Control) 0.125%
City of Lewisville (Fire Services) 0.125%
City of Lewisville (4B Fund) 0.250%
Denton Country Trans Auth 0.500%
GOAL: at least 8% per month
*At the start of any new FY, October collection values will not be available until December due to this delayed dispersion cycle.
This graph to the left displays the percent of budgeted sales tax collected by month. The state dispurses tax collections two months behind the current month. Therefore, graph results will always be delayed by two months.*
Without considering seasonal fluctuations in sales tax collection, collecting 8% or more, on average, of the city's sales tax budget on a monthly basis would result in nearly 100% collection by the end of the fiscal year.
GOAL: 100% collected by the end of the FY
The graph to the right displays the monthly sales tax collections for the last rolling 12 months. Here you can easily see the seasonality of monthly collections.
The chart below shows the percent change in sales tax collection for each month compared to the same month in the previous year.
FY21 experienced some noticeably positive YOY fluctuations, which may have been a result of increased consumer spending as concerns about the pandemic began to relax. Though not as strong, this positive trend continued into FY22 despite the negative YOY collections in May and June 2022.
The chart above shows the total annual sales tax collected over the last few fiscal years.
The chart above shows how often the city has met its budget goal for sales tax collection in the last 10 years.
The average water service portion of a utility bill as a percent of the median monthly income for Lewisville residents.
GOAL: < 1%
The average sewer service portion of a utility bill as a percent of the median monthly income for Lewisville residents.
GOAL: < 0.5%
The average utility bill, complete with water, sewer, and refuse services, as a percent of the median monthly income for Lewisville residents.
GOAL: < 2%
*Current Median Monthly Household Income
Source: Esri Demographics
The percent of water accounts signed up for automatic bank draft.
Average collection period (in days) of water bill balances over the past 30 days.
29
Distinguished Budget Award received from the Government Finance Officers Association. Number of consecutive years this award has been received by the City of Lewisville.
GOAL: To earn this award annually
30
Certificate of Achievement for Excellence in Financial Reporting received from the Government Finance Officers Association. Number of consecutive years this certificate has been awarded to the City of Lewisville.
GOAL: To earn this certificate annually
25
Achievement in Excellence in Procurement Award received through the National Procurement Institute (NPI). Number of consecutive years this award has been received by the City of Lewisville.
GOAL: To earn this award annually
AAA
General Obligation Bond Rating received from Standard and Poor's and Fitch rating.
GOAL: AAA
AAA
Revenue bond Rating received from Standard and Poor's and Fitch rating agencies.
GOAL: AAA
Most metrics are updated daily