IMPORTANT CONTACT NUMBERS

 Auto Registration  903.590.4741
 City Hall  903.842.3128
 Constable, Pct #3  903.590.4745
 Justice of the Peace  903.590.4737
 Library  903.842.3101
 Post Office  903.842.4413
 Police Dept  903.842.3211
 Water Department  903.842.3128
    Night,Weekend,
    Holiday
903.842.3321



 

The History of Troup 
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CITY OF TROUP


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Troup 2014-2015 Budget

Troup 2015-2016 Budget

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City of Troup Financial Transparency

For the Second Consecutive Year, The City of Troup
has been awarded the Texas Comptroller's highest designation
in the
Leadership Circle

PLATINUM 

 

Click Here to go to the webpage with all the Current Year Budget Information and downloads.

 
     
Check Registers
Fiscal Year 2010-2011
Fiscal Year 2011-2012
Fiscal Year 2012-2013
Fiscal Year 2013-2014
Fiscal Year 2014-2015
 
Current Fiscal Year
October 2015
November 2015
December 2015
January 2016
February 2016
March 2016
 
CITY OF TROUP PAYROLL
Fiscal Year
2010-2011
$788,484.77
Fiscal Year
2011-2012
 $772,104.58
Fiscal Year
2012-2013
 $734,341.47
Fiscal Year
2013-2014
 $742,884.22
Fiscal Year
2014-2015
$794,252.99
Fiscal Year
2015-2016
$460,082.43
Annual Financial Report
Year End Sept 30 2010
Year End Sept 30 2011
Year End Sept 30 2012
Year End Sept 30 2013
Year End Sept 30 2014
Year End Sept 30 2015
 
     
     


                                                                  
City of Troup Taxes Rates
Property Tax .916520/$100
Local Sales Tax .010
Local Economic Development Sales Tax .005

DEBT SERVICE

The debt service in the Water and Sewer Fund is for a note executed December 8, 2011, with a Maturity Date of December 1, 2015, to fund the purchase of wireless water meters in the original amount of $132,110.00. This debt has been retired.

The City of Troup owes $1,317,000.00 remaining principal balance on the 2013 Series Refunding Bonds with an annual interest rate of 2.92%. The bonds were issued April 16, 2013. The final bond payment is scheduled for August 1, 2029. Almost all of this debt was used to fund the new Water Tower. These are General Obligation Bonds which are repaid from property taxes. Click here to download a copy of the full information on the 2013 Series Refunding Bonds.


If you would like to know more about transparency in government, follow this link to the Texas Comptroller's website about transparency in government, Texas Transparency.org

PENSION PLAN

The City of Troup participates as one of 860 plans in the nontraditional, joint contributory, hybrid defined benefit pension plan administered by the Texas Municipal Retirement System (TMRS). TMRS is an agency created by the State of Texas and administered in accordance with the TMRS Act, Subtitle G, Title 8, Texas Government Code (the TMRS Act) as an agent multiple-employer retirement system for municipal employees in the State of Texas. The TMRS Act places the general administration and management of the System with a six-member Board of Trustees. Although the Governor, with the advice and consent of the Senate, appoints the Board, TMRS is not fiscally dependent on the State of Texas. TMRS’s defined benefit pension plan is a tax-qualified plan under Section 401 (a) of the Internal Revenue Code. TMRS issues a publicly available comprehensive annual financial report (CAFR) that can be obtained at www.tmrs.com. All eligible employees of the city are required to participate in TMRS.

Benefits Provided TMRS provides retirement, disability, and death benefits. Benefit provisions are adopted by the governing body of the city, within the options available in the state statutes governing TMRS. At retirement, the benefit is calculated as if the sum of the employee’s contributions, with interest, and the city-financed monetary credits with interest were used to purchase an annuity. Members may choose to receive their retirement benefit in one of seven payments options. Members may also choose to receive a portion of their benefit as a Partial Lump Sum Distribution in an amount equal to 12, 24, or 36 monthly payments, which cannot exceed 75% of the member’s deposits and interest. 
The contribution rates for employees in TMRS are either 5%, 6%, or 7% of employee gross earnings, and the city matching percentages are either 100%, 150%, or 200%, both as adopted by the governing body of the city. Under the state law governing TMRS, the contribution rate for each city is determined annually by the actuary, using the Entry Age Normal (EAN) actuarial cost method. The actuarially determined rate is the estimated amount necessary to finance the cost of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability.

Employees for the City of Troup were required to contribute 5.0% of their annual gross earnings to the pension plan. The City of Troup matches this contribution 150%.

To view and Download the latest GASB pension report, click here.

You have a right, within the law to request public records.

The following link presents you with a fillable and downloadable form and instructions for making your request.
If you would like to make an Open Records Request click this link.