Fiscal Services
Fiscal Services is responsible for management of the city's funds and includes the following divisions: Fiscal Administration and Treasury, Budget, Purchasing, Accounting, Municipal Court, and Utility Customer Service.
The Fiscal Services Department provides effective and efficient financial management services to internal and external customers. We promote and support fiscal responsibility through education and training, asset protection, accurate record keeping and reporting, reduced risks, quality purchasing practices and sound cash management through short and long range budget, financial, and strategic planning.
Cash Management
The City's Treasurer manages the City's banking relationships, monitors the inflow and outflow of the City's cash and directs the depository review process.
At least every five years, a Depository is selected through the City's banking service procurement process, which includes a formal request for application (RFA). The selection of the depository is determined by competitive bids and council approval.
The City's Depository account is currently with Branch Banking & Trust (BB&T).
Investments
The City's Treasurer is responsible for the investment of idle cash. When making investments, the City is governed by its Investment Policy which is in compliance with the Texas Government Code Public Funds Investment Act.
- Safety of principal
- Sufficient liquidity to enable the City to meet all operational requirements that might be reasonably anticipated
- Maximum rate of return throughout budgetary and economic cycles, taking into account the risk constraints and cash flow characteristics of the portfolio
The goals of the Fiscal Service Dept. with regard to investments are to invest 99% of available cash and to earn a return equal to 100% of similarly weighted average maturity treasury notes.
Download the Investment Policy (PDF)
The City is not considering any new Broker/Dealers at this time.
Debt
Independent Registered Municipal Advisor Certificate
By publicly posting the following written disclosure, the City of College Station intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule. The City has retained an independent registered municipal advisor. The City of College Station is represented by and will rely on its municipal advisor, HilltopSecurities, to provide advice on proposals from financial services firms concerning the issuance of municipal securities. This certificate may be relied upon until December 31, 2018 or otherwise withdrawn by us.
Notice of Adopted 2024 Tax Rate
A tax rate of $0.513086 per $100 valuation is approved by the governing body of the City of College Station.
Approved Tax Rate: $0.513086 per $100
No-New Revenue Tax Rate: $0.499960 per $100
Voter-Approval Tax Rate: $0.521442 per $100
Contact Us
Please use the appropriate email address for the following topics:
- Mary Ellen Leonard, Director of Fiscal Services: mleonard@cstx.gov
Budget: budget@cstx.gov - Purchasing, vendor contracts, or bid processes: purchasing@cstx.gov
- Vendor Payments / Invoicing: VendorInvoiceEntry@cstx.gov
- Paying a bill from the city: AccountsReceivable@cstx.gov