Page 221 - Hurst FY19 Approved Budget

FISCAL SERVICES

110 GENERAL FUND
0323 FINANCE

PERFORMANCE MEASURES
Input: PY ACTUAL CY ESTIMATE PROJECTED
# of Employees with Primary Budget 3 3 3
Responsibilities
# of Employees Coordinating 3 3 3
Treasury, Accounting, AP/AR, and
Debt Management Activity
Finance Division Expenditures $289,175 $392,238 $405,488
Workload/Output:
Number of Journal Entries Processed 2,207 2,300 2,300
Finance Committee Meetings Held 12 12 12
Bank Activity Reviewed Daily Yes Yes Yes
Number of AP Checks Issued 5,642 5,700 5,700
Number of Purchasing Card 12,500 12,750 12,750
Transactions
# of Investments within the City’s 26 29 30
Portfolio
# of Internal Audit Reviews 1 1 1
Debt Service Payments Made, Yes Yes Yes
Arbitrage Calculations Performed,
and All Regulatory Reports Filed.
Effectiveness:
GFOA Distinguished Budget Yes Yes Yes
Presentation Award
GFOA Certificate of Achievement Yes Yes Yes
Award
Multi-Year Financial Plans Presented Yes Yes Yes
to Council
General Fund Sales Tax Over/(Under) $1.1 M $1.1 M $1.1 M
Budget
Credit Ratings (Moody’s / S&P) Aa2 / AA Aa2 / AA Aa2 / AA
(Benchmark: A or higher)
General Debt Service as % of General 9.4% 9.1% 8.7%
Fund Expenditures

204