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City receives recognition for financial transparency efforts

Post Date:05/17/2017 11:56 a.m.

Transparency-Stars-AwardThe City of Pearland has been recognized by Texas Comptroller Glenn Hegar for achieving transparency goals set by the Comptroller’s Transparency Stars program. The City was awarded a star in the area of Traditional Finances, which recognizes entities for their outstanding efforts in making their spending and revenue information available.

“By providing meaningful financial data with visual tools and analysis of its revenues and expenditures, the City of Pearland has shown a true commitment to Texas taxpayers,” Hegar said. “I am pleased to award the City of Pearland a star for its accomplishments.”

The City maintains 50 funds with a total budget of $387 million and maintains a credit rating of Aa2 from Moody’s and AA from both Standard & Poor’s and Fitch.

“We are proud of this award as it recognizes the City of Pearland’s high standards in financial reporting and the hard work and integrity of our staff,” said Cynthia Pearson, Director of Finance.

The Comptroller’s office launched the Transparency Stars program in March to recognize cities, counties and school districts making important strides to greater government transparency. Local government entities can apply for stars in the areas of Traditional Finances, Contracts and Procurement, Economic Development, Public Pensions and Debt Obligations. Once an entity receives the initial star for Traditional Finances, remaining stars may be awarded in any order.

 Visit the City's financial transparency page.

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