Page 412 - City of Arlington FY19 Adopted Operating Budget

Financial/Economic Development

Goal 1: Continue Responsible Fiduciary Emphasis for the Organization and Council
Objective 1: Comply with all Financial Regulations and Policies
Project Performance Measure(s) City Service Team (Department)
Core Bad Debt Ratio Maintain Bad Debt Ratio at/or Strategic Support (Water)
FED below 0.5%
1.1.1
Summary:

The City of Arlington Water Utilities will maintain Bad Debt Ratio
its bad debt ratio at or below 0.5%. Arlington 0.5%
Water Utilities will seek ways to increase
recovery of bad debt by studying opportunities to 0.4%
reduce the amount in which a utility bill is
0.3%
outstanding after account termination.
0.2%
Update: 0.1%
The annual bad debt write‐off process is
performed each October. In October 2017, the 0.0%
bad debt write‐off was .2066%, which continues FY 2018 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
to decrease. There was a decrease of .0497% Total
from FY 2016. Water Utilities continues to
analyze opportunities to reduce the amount of
unpaid balances once an account closes. One
potential process to aid in the reduction of write
off accounts would be to change collection from
a two‐month bill to a one‐month collection
process.

Financial/Economic Development

Goal 1: Continue Responsible Fiduciary Emphasis for the Organization and Council
Objective 1: Comply with all Financial Regulations and Policies
Project Performance Measure(s) City Service Team (Department)
Core Review of Citywide Financial Rating agencies ratings on City debt Finance
FED Policies
1.1.2
Summary:

On a regular basis, The City reviews its Financial Policies Milestone Estimated Actual
and Principles to adjust for market changes, changes in Completion Completion
best practices, and overall economic conditions to Review all Policies 2/28/2018 3/31/2018
maintain fiscal prudence. The last update to the Develop draft changes 2/28/2018 3/312018
principles was in 2008. The economy has substantially Review by CMO 4/30/2018 6/30/2018
changed in many ways and this initiative will take a Make presentation to 2/28/2019
comprehensive look at updating or refining the policies Finance & Audit Committee
and principles to maintain our conservative financial City Council Adoption 3/31/2019
approach in the current economy.

Update:
The policies have been reviewed and will be presented
to Council in March 2019.

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