Page 222 - Hurst FY19 Approved Budget

FISCAL SERVICES

110 GENERAL FUND
0323 FINANCE

Tax Supported Debt as a % of 2.1% 1.8% 1.6%
Taxable Assessed Valuation
General Fund Exp. as % of Taxable 1.4% 1.3% 1.2%
Assessed Valuation
Actual General Fund Revenue Over/ 4% 2.8% 2.7%
(Under) Estimated Budget (%)
Undesignated General Fund Balance 90 90 90
(# of Days)
Debt Service Rate to Total Tax Rate 21.48% 19.95% 18.70%
% of AP checks paid within 30 days 94% 95% 95%
(Benchmark: 100%)
Rebate provided by purchasing card $ 47,654 $49,809 $50,000
activity
Average Annual Return on 0.9% / 0.74% 1.47% / 1.66% 1.75% / 2%
Investment / 3-mo. T-Bill Rate
Investment Weighted Average Days 226 days 250 days 250 days
to Maturity (Benchmark: <= 365
days)
General Debt Service Fund (Property $1,382 $1,307 $1,230
Tax Serviced) Debt per Capita
Debt Refunding – Average Annual $323,175 $342,904 $276,453
Savings
Efficiencies:
% of Monthly Closings Completed 83% 83% 83%
within 7 Business Days of Month End
% of Monthly Sales Tax Reports 100% 100% 100%
Prepared within One Day of State’s
Release of Data
% of Vendor Requests Resolved 95% 95% 100%
within One Week

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