Finance

Mission Statement

The mission of the Finance Department is to facilitate accountability of the Town’s funds and other assets entrusted to the Town and provide financial information to enable decision-making that will ensure the Town’s financial sustainability while providing exemplary service to our internal and external customers.

Vision Statement

The vision of the Finance Department is to provide exemplary service and performance in attaining shared goals and objectives for the organization and community through teamwork, maximization of resources, efficient and effective processes, and technological advances while maintaining the financial integrity of the Town.

The Finance Department manages the following functions:

  • Financial Reporting
  • Budget
  • Accounting
  • Accounts Payable
  • Purchasing
  • Treasury & Debt
  • Utility Billing
  • External Audit
  • Unclaimed Property 
  • Investments

Awards
The Town of Little Elm has been awarded the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association for the eleventh consecutive year. The award is given to local governments that go beyond the minimum requirements of generally accepted accounting principles to prepare comprehensive annual financial reports evidencing transparency and full disclosure.


Unclaimed Property

The Town of Little Elm holds various types of property (valued at $10 - $100) which are unclaimed, presumed abandoned, and are subject to Title VI. Chapter 76 of the Texas Property Code. In accordance with the State Law, any amount over $100 is sent to the State Comptroller where it is held until claimed. View our Unclaimed Property page here.