Page 139 - City of Arlington FY19 Adopted Operating Budget

General Fund

FINANCE: Mike Finley, Chief Financial Officer

Department Narrative Goals and Objectives

The Finance Department provides support and  Goal: Continue Responsible Fiduciary Emphasis for the
information to assist the City Manager and the Organization and Council
Mayor and City Council in management o Objective: Comply with all Financial Regulations and
decision-making. The department facilitates Policies
the development and tracking of the City’s
business plan and performance-based budget Department Budget Highlights
and acts as a strategic partner with
departments to provide financial expertise and  Increased recurring funding for Payroll Staff Accountant
guidance with City-wide impact. The $77,540
department is also responsible for preparing  Increased recurring funding for Tarrant Appraisal District
the City’s Comprehensive Annual Financial Support $68,958
Report, processing payments to City vendors,  Increased recurring funding for Tarrant County Tax Collection
preparing City payroll, procuring goods and $29,128
services, monitoring consolidated tax  Increased recurring funding for Bank Fees $38,327
collection efforts, and directing the City’s cash  One-time funding for MWBE Availability & Disparity Study
and debt portfolio management activities. $450,000
Divisions in the department include:
Administration, Accounting, Purchasing,
Treasury Management, Payroll/Payables, and Department Revenue Highlights
the Office of Management & Budget.  State Liquor Tax $1,837,292
 Bingo Tax 81,652
At A Glance  Interest Revenue 1,267,786

 35 Authorized Positions  Total $3,186,730
 Budget Break Down
Personnel Services $3,624,708
Operating Expenses 2,632,363
Total $6,257,071

City‐wide Budget Impacts

FY 2019 expenditures are impacted by a targeted 2.5% - 5.7% compensation adjustment depending on their job classification
effective February 2019. Additionally, the city’s contribution to employee health coverage will increase by 4% in FY 2019.

2019 Adopted Budget and Business Plan 124 City of Arlington, Texas