Page 219 - Hurst FY19 Approved Budget

FISCAL SERVICES

110 GENERAL FUND
0323 FINANCE

• Engaged a consultant to perform an annual data analysis of Accounts Payable
and Human Resources activity.

FUTURE INITIATIVES

• Update the city’s financial policies as needed.
• Continue to evaluate debt refunding opportunities and additional debt needs
to maintain quality infrastructure throughout the city.
• Continue to monitor national, state and local financial conditions and report
results to City Management and City Council.
• Monitor and implement Government Accounting Standards Board (GASB)
updates.
• Fiscal Services staff will strive to provide great customer service and pursue
training opportunities to maintain/update our skill sets.
• Continue participating in GFOA’s award programs.
• Seek additional staff certifications.
• Continue to provide up-to-date municipal debt information on the city’s
website.
• Work with a consultant to enhance our multi-year financial planning process.

GOALS, OBJECTIVES & PERFORMANCE MEASURES

Council Priorities:
 Public Safety  Innovation
 Economic Vitality  Redevelopment
 Infrastructure  Leadership

Goals:
• Continue to refine our multi-year financial planning process to address future
service requirements and infrastructure needs based on anticipated revenue
streams.
• Monitor new and emerging government regulations impacting the City’s fiscal
condition, including unfunded mandates.
• Focus on maintaining and improving city services, including identifying
alternative funding sources.
• Be proactive in risk detection and risk reduction.
• Continue to monitor economic conditions and their impact to the City’s fiscal
condition.

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