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TC News

Town Council Adopts $16.3 Million FY15 Budget; Lowers Tax Rate

Town Council Adopts $16.3 Million FY15 Budget; Lowers Tax Rate

Posted by April Reiling on Sep 26, 2014
Tags: Community, Government, Transparency, Town News

On September 23, the Town Council adopted the Fiscal Year 2014-2015 annual operating budget of $16,279,695, which includes a municipal tax rate of $0.49 per $100 valuation. The adopted FY15 tax rate is nearly 2% lower than the previous year’s rate which equates to an almost one penny tax rate decrease. Strong reserves, solid growth and rising property values helped reduce property taxes for Trophy Club residents.

“While the proposed budget does not fund all budget requests, it meets the Town Council’s goals expressed during the…

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Temporarily Suspending Distribution of Mosquito Larvicide Briquettes

Temporarily Suspending Distribution of Mosquito Larvicide Briquettes

Posted by April Reiling on Aug 07, 2014
Tags: Community, West Nile Virus, Transparency, Town News, Public Health

Update (August 19, 2014) --- Residents are welcome to call or email Code Enforcement for help with mosquito dunks on private property or an area of concern: 682-831-4659.

The Texas Department of Agriculture has determined that, "The only way to redistribute pesticides (classified as general use) such as most if not all mosquito dunks are general use,  is to distribute them in the manufacturer’s original packaging. You cannot take a bulk amount of product, re-package it (even with a copy of the label) and distribute them.” — Perry…

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Town Earns Distinguished Finance Awards, Elevates Bond Rating

Town Earns Distinguished Finance Awards, Elevates Bond Rating

Posted by April Reiling on May 22, 2014
Tags: Government, Town News, Transparency

The Town of Trophy Club is on solid financial footing and recently earned awards, accolades and an increased bond rating that places the DFW community amongst some of the strongest municipalities in Texas. With 32% of the Town’s general fund operating budget in reserves and a clean unmodified audit issued for FY13, officials are committed to ensuring the 30-year old community remains financially solid.

Town Manager Mike Slye said, “From well established fiscal policies and profiles, to financial transparency and a distinguished budget,…

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Police Department Launches Facebook Page

Police Department Launches Facebook Page

Posted by April Reiling on May 14, 2014
Tags: Community, Public Safety, TCPD, Transparency

The Trophy Club Police Department (TCPD) is going live with an official Facebook page on May 15, which marks TCPD's first official foray into the social media world. If you haven't done so already, go "like"

facebook.com/TrophyClubPD

The TCPD Facebook page will not be monitored 24 hours a day and should not be used to report crimes, criminal or suspicious activity. Those issues should be reported to Denton County Sheriff’s Office Dispatch via 911 or the non-emergency number: 972-434-5500.

The page will regularly provide valuable…

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Finance Department Earns Platinum Transparency Award

Finance Department Earns Platinum Transparency Award

Posted by April Reiling on May 08, 2014
Tags: Community, Government, Town News, Transparency

The Texas Comptroller’s office has named Trophy Club as one of only 39 municipalities in Texas to achieve their new Platinum award for financial transparency in the Texas Comptroller Leadership Circle. The Platinum designation was implemented this year and spotlights entities that go above and beyond regarding financial transparency. The award recognizes local governments across Texas that implement a high level of online financial transparency by providing taxpayers with a detailed picture of government spending in a user-friendly format.

Finance…

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Blue Ribbon Panel Final Report

Blue Ribbon Panel Final Report

Posted by April Reiling on Apr 09, 2014
Tags: Community, Denton County, Government, Government Consolidation, Town News, Transparency, Volunteer

After several months and hours of work conducting research and attending various meetings, the Blue Ribbon Panel (BRP) formally presented the final report to the Town Council on Monday, April 7, 2014.

Read the full Blue Ribbon Panel Final Report

To focus on the issues in depth, the BRP formed two subcommittees: the Governance Subcommittee and the Finance Subcommittee. Ultimately, the BRP's recommendation from each subcommittee is as follows:

Recommendations from the Governance Subcommittee

  1. Consent to a possible…

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S&P Bond Rating Increased to AA+

S&P Bond Rating Increased to AA+

Posted by April Reiling on Apr 02, 2014
Tags: Business, Community, Economic Development, Government, Town News, Transparency

The Town of Trophy Club's Standard & Poor's (S&P) AA bond rating was upgraded to AA+, enhancing the Town's credit and financial profile.The improved bond rating speaks volumes about the Town's fiscal policies and practices, management of public monies and strong financial profile. The AA+ rating indicates that an obligor has VERY STRONG capacity to meet its financial commitments.

S&P provided the following rationale:

The rating reflects our opinion of the town's following credit factors, including its:

  • Very strong economy,
  • Very…

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