Page 100 - Azle City Budget 2019
P. 100
DEPARTMENT DIVISION ACCOUNT
Finance & Accounting Finance 01-518
PURPOSE STATEMENT:
To provide accurate & timely financial data & analysis, while maintaining the City's debts, investments, and
general ledger and processing the City's accounts payable, payroll & cash receipts, administering City debts &
investments, overseeing City purchasing, and managing City risks.
GOALS AND OBJECTIVES:
Obtain Comprehensive Annual Financial Report award for fiscal year 2018.
Continue to implement new Governmental Accounting Standards Board pronouncements as required.
Assist other departments on the evaluation of capital acquisitions, and other procurement issues.
Continue to update the Capital Assets information systems for all funds.
Continue the investment program intiatives to improve returns on investments.
Promote Electronic Funds Transfer as a method of payment to the City's vendors
KEY POINTS OF PROPOSED BUDGET:
Personnel Services: Increase due to step increases, 3% cost of living adjustment, and increased benefit costs.
Contractual Services: Increase requested for additional computer system fees.
KEY INDICATORS OF PERFORMANCE: FY 16-17 FY 17-18 FY 18-19
Actual Estimate Projection
Fund Financial Statements issued 192 192 192
Number of checks issued 3790 3840 3900
Total invoices paid 8046 8100 8150
Purchase Orders issued 228 245 255
Percentage of payroll completed ontime 100% 100% 100%
City of Azle 2018-2019 Budget 88