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
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