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.
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
- Accounts Payable
- Treasury & Debt
- Utility Billing
- External Audit
- Unclaimed Property
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 tenth 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 that evidence the spirit of transparency and full disclosure.
View our 2020 CAFR here.
NOTICE OF INTENTION TO ISSUE TOWN OF LITTLE ELM, TEXAS CERTIFICATES OF OBLIGATION
TAKE NOTICE that the Town Council of the Town of Little Elm, Texas, shall convene at 6:00 o'clock P.M. on August 17, 2021, at the Little Elm Town Hall, 100 W. Eldorado Parkway, Little Elm, Texas, and, during such meeting, the Town Council will consider the passage of one or more ordinances authorizing the issuance of certificates of obligation in one or more series in an amount not to exceed $30,800,000 for the purpose of paying contractual obligations to be incurred for (i) acquiring, constructing, improving and equipping park and recreation facilities, including the acquisition of land therefor, (ii) constructing improvements and extensions to the Town’s Waterworks and Sewer System, including the acquisition of land and rights-of-way therefor, (iii) constructing street improvements, including drainage, landscaping, curbs, gutters, sidewalks, signage, traffic signalization and street noise abatement incidental thereto and the acquisition of land and rights-of-way therefor and (iv) professional services rendered in connection therewith; such certificates to be payable from ad valorem taxes and a limited pledge of the net revenues of the Town’s combined Waterworks and Sewer System. In accordance with Texas Local Government Code Section 271.049, (i) the current principal amount of all of the Town’s outstanding public securities secured by and payable from ad valorem taxes is $93,145,000; (ii) the current combined principal and interest required to pay all of the Town’s outstanding public securities secured by and payable from ad valorem taxes on time and in full is $113,778,597.19; (iii) the estimated combined principal and interest required to pay the certificates of obligation to be authorized on time and in full is $39,524,750; (iv) the maximum interest rate for the certificates may not exceed the maximum legal interest rate; and (v) the maximum maturity date of the certificates to be authorized is August 1, 2041. The certificates are to be issued, and this notice is given, under and pursuant to the provisions of Subchapter C of Chapter 271 of the Texas Local Government Code, as amended.
Caitlan Biggs Town Secretary Town of Little Elm, Texas