Page 108 - Fort Worth City Budget 2019

General Fund

SUMMARY OF SERVICES AND PERFORMANCE MEASURES

FY17 FY18 FY19
Key Measures Actual Estimated Target Desired Level

Capital Assets
The purpose of the Capital Asset service area is to safeguard the City's assets by accounting for all capital assets owned by the City
through accurate monitoring, accounting and reporting.

% of Capital projects Reconciled 26% 100% 100% 100%

Grant Accounting
The purpose of the Grant Accounting service area is to ensure that proper accounting procedures are followed in accordance with
each grant agreement as well as Generally Accepted Accounting Principles (GAAP), and to ensure that the preparation of financial
reports for governmental and/or funding agencies is performed in a timely and accurate manner.

Average # of non compliance incidents per grant 0.003 0.023 0 0

% of grant financial reports produced within designated 16% 26% 100% 100%
timeframe

Financial Reporting
Provide timely and accurate financial statements and reports for internal and external users, detailing the financial position and the
financial health of the City.

GFOA Certificate of Achievement for Excellence in Yes Yes Yes Yes
Financial Reporting received
CAFR published before March 1st Yes Yes Yes Yes
# of material weaknesses or significant deficiencies in 2 0 0 0
Finance controlled operations

Cash Operations
The Cash Operations service area oversees prudent management of the City's cash and investment portfolio. The Cash Operations
section supports the collection and disbursement of funds.

Investment portfolios to provide returns in excess of 1.44% 2.27% 2.25% 1.65%
0.10% of the benchmark

Accounts Payable/Payroll Disbursements
The Accounts Payable/Payroll service area is responsible for the timely and accurate payment of both employee earned
compensation and vendor payments.

% of ACH payroll files transmitted by COB Wednesday 100% 100% 100% 100%
of each pay week
% of invoices paid within 30 days from the invoice date 75.99% 77.40% 100% 100%

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