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Like many other governmental organizations, the City of Coppell uses a fund basis of accounting. Funds are normally established for major types of revenue whose expenditures are restricted for specific functions. Each fund is a self-balancing set of accounts, used to determine the sources and uses of a specific type of revenue stream. The City of Coppell fund types include the General Fund, Debt Service Fund, Water and Sewer Enterprise Fund, Internal Services Funds, and Special Revenue Funds.
Special Revenue Funds are used to account for revenues that are restricted for special and particular purposes. The Special Revenue Funds used by the City of Coppell include:
For a full list of the Special Revenue Funds, view the FY 2018-2019 Budget.
About the City of Coppell Budget:
The City of Coppell continues to see positive economic indicators in all areas of finance, including the City's AAA bond rating, growth in the tax base and surging sales tax receipts primarily due to thriving distribution centers and business parks. Expenditures, revenues, and reserves have been managed efficiently and proactively for many years, resulting in appropriate fund balances and a strong financial position.
"The City of Coppell is in a great financial position," said Mayor Karen Hunt. "City staff continue to do a fantastic job managing our public monies. We are very fortunate to live, work, and play in a city that places a high value on community and quality of life while focusing on maintaining what we have built."
The City of Coppell works diligently to be fiscally responsible and transparent, and the City continuously receives accolades from outside agencies regarding its financial planning and prudent budgeting practices. The City strongly encourages residents to get involved, attend public meetings and provide feedback on the proposed budget.
For more information about the FY 2019-2020 budget, contact the Finance Department at 972-304-3691 or visit coppelltx.gov/budget.