Page 179 - Honorable Mayor and Members of the City Council

ACTIVITY SUMMARY

DIVISION DEPARTMENT ACTIVITY ACCOUNT
STAFF SERVICES FINANCE FINANCE 01-21-01

ACTIVITY DESCRIPTION
The Finance Department, under the direction of the Finance Director, is responsible for the financial management
of the City. Financial management involves the administration of bonded debt, preparation of the Comprehensive Annual
Financial Report (CAFR), and monthly monitoring of all City funds. The Finance Director is also responsible for billing and
collecting all amounts due to the City. These funds include: delinquent taxes, street assessments, and various other
receivables. The Finance Director also serves as the Budget Director, Purchasing Agent, and Risk Manager.

The 2013-14 Budget reflects the consolidation of the Finance, Customer Services, and Budget and Research Activities
into the Finance Activity.

ACTIVITY GOALS
-To prepare the Comprehensive Annual Financial Report by January 1.
-To collect 100 % of all receivables.
-To provide accurate and up-to-date financial information.
-To process cash disbursements and revenue collection reports on a daily basis.

ACTIVITY OBJECTIVES
-To monitor expenditures of all Activities supervised and remain within + or - 5% of each Activity's budget allocation.
-To prepare the Comprehensive Financial Report by January 31.
-To provide accurate and up-to-date financial information by the fifth working day of each month.
-To insure that all vouchers are processed and mailed by the tenth day of each month.
ACTUAL ACTUAL ESTIMATED PROJECTED
ACTIVITY MEASUREMENTS 2015-16 2016-17 2017-18 2018-19
Percent of Budget Expended - General Fund 96.10 97.71 96.90 100.00
Percent of Budget Expended - Activities Supervised 95.80 97.69 99.32 100.00
Date CAFR Presented to City Council 03/17/2016 03/16/2017 03/15/2018 03/21/2019
Number of Monthly Reports Ready by Fifth Working Day 12 12 12 12
Percentage of Vouchers Processed and Mailed by 10th of Month 100.00 100.00 100.00 100.00

CITY OF BENBROOK 2018-19 ANNUAL BUDGET
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