Trophy Club takes financial reporting very seriously and makes every effort to be as transparent as possible. Financial reporting is the process whereby governments report their financial position and activities to its residents. These reports are the standard that residents, oversight bodies, and other stakeholders use to judge their local government's efficiency, effectiveness, and overall financial condition.
The Town of Trophy Club uses a program-based budgeting process. Each budgeting unit or division is given a target or “baseline” funding level based upon the previous year’s funding level.
The Capital Improvement Program (CIP) represents the Town’s plan for public purchasing and development projects.
The Comprehensive Annual Financial Report (CAFR) is compiled by the finance department and audited by an independent auditing firm.
The Popular Annual Financial Report (PAFR) is designed to provide a summary view of the financial activities of the Town.