Annual & Quarterly Financial Reports

Overview


Comprehensive Annual Financial Reports 

The Comprehensive Annual Financial Report is presented annually to provide the City Council, citizens, representatives of financial institutions and others with detailed information concerning the financial condition and performance of the City of Fort Worth. The report also provides assurance that the City presents fairly its financial position as verified by independent auditors.

Texas Comptroller’s Annual Hotel Occupancy Tax (HOT) Report

In the early 1970s, the Texas Legislature authorized municipalities to begin collecting the local hotel occupancy tax (HOT). Almost two decades later, the Legislature offered hotel occupancy taxing authority as one of several revenue options to support sports and community venues. The tax may be levied by a city, county or a partnership between the two. In 2017, the 85th Legislature passed Senate Bill 1221 with the intent of increasing local government transparency while also allowing the public to better understand the state’s patchwork of municipal HOTs. To comply with Tax Code Section 351.009 , municipalities that impose certain HOTs now must annually report their tax rates and revenue amounts, including the percentage of revenue allocated for specific uses, from the preceding fiscal year.