News Flash

News Releases

Posted on: February 18, 2020

City receives honors for investment policy, budget, financial reporting

Finance Director Gilbert Reyna

The City of Victoria has received the Investment Policy Certificate of Distinction from the Government Treasurers’ Organization of Texas in recognition of the City’s participation in the GTOT’s Investment Policy Certification Program for the ninth consecutive two-year term.

Assistant Director of Finance Wesley Janecek will accept a plaque commemorating the honor on behalf of the City on Feb. 25 at GTOT’s Winter Seminar in San Antonio on Feb. 25.

The certification is given to organizations that maintain investment policies that meet GTOT’s recommendations for complying with the Texas Public Funds Investment Act. The certificate is subject to renewal every two years.

The City’s investment policy governs how the City uses public funds to invest in securities, setting standards for rates of return, management, ethics and more to ensure that investment is handled in the public’s best interest. The policy is updated annually to comply with new legislative requirements and GTOT recommendations and is approved by the City Council.

The Government Treasurers’ Organization of Texas is a statewide group that promotes the education and professional development of those who manage government finances, according to the organization’s website.

In addition, the City received its 34th consecutive Distinguished Budget Presentation Award from the Government Finance Officers Association for its budget for fiscal year 2019.

In order to receive the award, the City had to satisfy nationally recognized guidelines for effective budget presentation, according to a news release from GFOA. The City’s budget was rated “proficient” in four categories: as a policy document, a financial plan, an operations guide and a communications device.

The award “reflects the commitment of the governing body and staff to meet the highest principles of governmental budgeting,” according to the news release.

Also, the City received its 36th consecutive Certificate of Achievement for Excellence in Financial Reporting from GFOA for its end-of-year financial report for fiscal year 2018.

The Certificate of Achievement for Excellence in Financial Reporting is awarded to organizations that meet high standards in governmental accounting and clear financial reporting.

The City’s end-of-year financial report “has been judged by an impartial panel to meet the high standards of the program, which includes demonstrating a constructive ‘spirit of full disclosure’ to clearly communicate its financial story and motivate potential users and user groups to read the comprehensive annual financial report,” according to a news release from GFOA.

GFOA provides best practice guidance, consulting, networking opportunities, publications, recognition programs, research and training opportunities in support of its mission to advance excellence in public finance, according to the organization’s website.

Facebook Twitter Email

Other News in News Releases

Thanksgiving meal with turkey, stuffing and traditional sides.

City of Victoria closings for Thanksgiving

Posted on: November 20, 2020
Map showing road closure on Crestwood Drive from Halsey Street to Ben Jordan Street.

Part of Crestwood Drive to close

Posted on: November 20, 2020
Map showing road closure on Crestwood Drive from Halsey Street to Ben Jordan Street.

Part of Crestwood Drive to close

Posted on: November 17, 2020
A hose-end sprinkler on a bright green lawn.

City needs public to conserve water

Posted on: November 17, 2020
Side-by-side portraits of two women

City of Victoria announces new hires

Posted on: November 17, 2020
Map showing that one block of Main Street is closed from Commercial to Goodwin by the library

Part of Main Street to close

Posted on: November 12, 2020
Map showing road closure on Crestwood Drive from Halsey Street to Ben Jordan Street.

Part of Crestwood Drive to close

Posted on: November 12, 2020
Group of people outdoors smiling with trash bags and gloves. Some raise hands or give thumbs-up.

City to host 1st community cleanup

Posted on: November 10, 2020
Map showing road closure on Crestwood Drive from Halsey Street to Ben Jordan Street.

Part of Crestwood Drive to close

Posted on: November 9, 2020
Map showing that Crestwood Drive will be closed between Laurent and Azalea.

Part of Crestwood Drive to close Nov. 4

Posted on: November 2, 2020
South Bridge Street to close from West Juan Linn Street to West Church Street

Part of South Bridge Street to close

Posted on: October 15, 2020
Airline Road to close between Bluebonnet Drive and Laurent Street

Part of Airline Road to close

Posted on: October 6, 2020
Entrances to Riverside Park will close; PumpHouse, Zoo and Lions Club will be accessible to south

Riverside Park to close Wednesday night

Posted on: October 6, 2020
South Bridge Street to close from West Juan Linn Street to West Church Street

Part of South Bridge Street to close

Posted on: October 6, 2020
Part of U.S. 77 to close completely near Northside Road, including intersection

Part of U.S. Highway 77 to close

Posted on: September 25, 2020
Jesus Garza

City moves forward with master plans

Posted on: September 22, 2020
North Street will close to through traffic from Laurent Street to George Street

Part of North Street to close

Posted on: September 17, 2020
Police Patches

City announces chief of police finalists

Posted on: September 11, 2020

Notice of Adopted 2020 Tax Rate

Posted on: September 3, 2020
Texas Department of Transportation logo

Navarro median project update

Posted on: June 26, 2020
700 Main Center

City facilities to close to public

Posted on: March 20, 2020
051820_mainstreet_city_corner

Victoria Main Street board to fill vacancy

Posted on: February 24, 2020