Treasury Management

The Treasury Department’s mission is to develop and implement financially sound practices and policies that guide the City of McAllen and McAllen Public Utility in efforts to provide the best and most economical water and sewer services to present and future customers through efficiency, transparency and accountability. The department houses McAllen Public Utility’s Director of Finance for Utilities, Treasury Accountant, Procurement Working Supervisor and Procurement Clerk.

← Back to Financial Operations
Overview Staff Procurement Accounting Debt Management Cash Management & Investments Budget

In addition to the Treasury Management Department, the Director of Finance for Utilities also provides direct oversight to MPU’s Customer Relations, Utility Billing and Meter Reader Departments

Customer Relations
Financial Reports

December 2022 Financial Report

12-31-22 Quarterly Invest Report

June 2022 Financial Report

6-30-22 Quarterly Invest Report

March 2022 Financial Report

3-31-21 Quarterly Invest Report

September 2022 Financial Report

6-30-21 Quarterly Invest Report

Archived Reports
Budget

An annual budget is prepared in accordance with State law and City ordinances and policies and is approved by the McAllen Public Utility Board of Trustees. The budget is primarily used to set rates through estimated costs and forecasting, ensure spending does not exceed revenues; and serves as a guideline driving all activities of the Utility in order to pay for necessary operating and capital costs.

MPU Budget Cycle

MPU budget cycle graphic
Staff
Cash Management & Investments

As stewards of public funds, we are charged with ensuring that monies are spent in accordance with City/MPU ordinances and policies; that they are adequately secured; that there is sufficient liquidity to pay bills timely; and, what’s not needed is adequately invested. The Treasury Management department ensures that money received from sales and property taxes, water, sewer, reclaimed water, sanitation and other fees are spent and invested in accordance with ordinances and policies. We are required to invest with the objectives of keeping the money safe, meeting liquidity fees, earning highest interest possible, and diversifying investment holdings. The investment Portfolio averages around $460 million.

Debt Management

Occasionally, the City or MPU will need to seek other sources of funding for major projects. The City will authorize the sale of bonds as an alternative financing source. We are responsible for making sure we comply with the terms of financing such as repaying interest on a timely manner, complying with disclosure requirements, as well as preserving the City’s AA+ credit rating.

Procurement Accounting

Selected City Staff make purchases paid for with a procurement card (P-card) which is basically a City-issued credit card. Treasury Management staff verifies and reconciles all P-card purchases. Last year, over $6.8 million was charged using the P-card program with over 22 thousand transactions verified.

Information

Office Location

McAllen City Hall
1300 Houston Ave
McAllen, TX 78501

Contact Information

Phone: (956) 681-1650
Fax: (956) 681-1079