City of Magnolia Financial Portal
The City of Magnolia dedicates this page and the following subsections to provide financial transparency of its revenues, expenditures, indebtedness, financial status, sustainability, and taxes.
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Texas Transparency Initiative Website
Unclaimed Property Report 2023
BUDGETS
The City begins its budget planning in the late spring when departments submit requests for the upcoming fiscal year. The requests are based on the programs and priorities that the City Council has discussed or have committed to. A recommended budget is formed based on the projected revenue and submitted to the citizens and the City Council. After input from the public and staff, the Council has the opportunity to revise the budget to conform to its goals and objectives.
Once adopted, the budget takes effect on the first day of the fiscal year (October 1), and any major change must be approved by the City Council by way of a budget amendment.
You may access various financial information by accessing the "Financial Portal" tab on the main website menu.
The budget documents listed below represent the original adopted budgets as approved by the City Council.
- 2022 Annual Debt Report
- 2021 Annual Debt Report
- 2020 Annual Debt Report
- 2019 Annual Debt Report
- 2018 Annual Debt Report
- 2017 Annual Debt Report
- 2016 Annual Debt Report
- FY 2024 Operating Budget
- FY 2023 Operating Budget
- FY 2022 Operating Budget
- FY 2021 Operating Budget
- FY 2020 Operating Budget
- FY 2019 Operating Budget
- FY 2018 Operating Budget
- FY 2017 Operating Budget
- FY 2016 Operating Budget
- FY 2015 Operating Budget
- FY 2014 Operating Budget
- FY 2013 Operating Budget
- FY 2012 Operating Budget
- FY 2011 Operating Budget
- FY 2010 Operating Budget