Page 147 - Microsoft Word - FY 2020 Adopted Budget Document

General Fund

FINANCE: Mike Finley, Chief Financial Officer

Department Narrative Goals and Objectives

The Finance Department provides support and  Goal: Ensure Availability of Information, Programs, and City Services
information to assist the City Manager and the o Objective: Provide for the Efficient Access and Appropriate
Mayor and City Council in management Management of the City’s Data
decision-making. The department facilitates  Goal: Continue Responsible Fiduciary Emphasis for the
the development and tracking of the City’s Organization and Council
business plan and performance-based budget o Objective: Comply with all Financial Regulations and Policies
and acts as a strategic partner with
departments to provide financial expertise and Budget Highlights
guidance with City-wide impact. The
department is also responsible for preparing  Increased recurring funding for Tarrant Appraisal District Assessment
the City’s Comprehensive Annual Financial Services $33,085
Report, processing payments to City vendors,  Increased recurring funding for Tarrant County Property Tax Billing
preparing City payroll, procuring goods and and Collections $31,203
services, monitoring consolidated tax  Increased recurring funding GovMax Budgeting System Contractual
collection efforts, and directing the City’s cash Increase $2,041
and debt portfolio management activities.
Divisions in the department include:
Administration, Accounting, Purchasing, Revenue Highlights
Treasury Management, Payroll/Payables, and  State Liquor Tax $2,155,563
the Office of Management & Budget.  Bingo Tax 65,322
 Interest Revenue 1,648,122
At A Glance  Total $3,869,007

 36 Authorized Positions
 Budget Break Down
Personnel Services $3,807,051
Operating Expenses 2,160,127
Total $5,967,178

City‐wide Budget Impacts

FY 2020 expenditures are impacted by a 2% across-the-board compensation adjustment effective April 2020.

2020 Adopted Budget and Business Plan 134 City of Arlington, Texas