Page 35 - Microsoft Word - FY 2020 Adopted Budget Document

Business Plan

FINANCE
The Finance Department provides support and information to assist the City Manager and the Mayor and City Council in
management decision-making. The department facilitates the development and tracking of the City’s business plan and
performance-based budget and acts as a strategic partner with departments to provide financial expertise and guidance with
City-wide impact. The department is also responsible for preparing the City’s Comprehensive Annual Financial Report,
processing payments to City vendors, preparing City payroll, procuring goods and services, monitoring consolidated tax
collection efforts, and directing the City’s cash and debt portfolio management activities. Divisions in the department include
Administration, Accounting and Payroll/Payables, Purchasing, Treasury Management, and the Office of Management and
Budget. The Office of Management and Budget has received the Distinguished Budget Presentation Award for the past 33
years. The Accounting Division received the Certificate of Achievement for Excellence in Financial Reporting (CAFR) for the
th
40 time and became the third Municipality to be awarded all five of the State Controller’s Traditional Finance Transparency
Stars, and the Purchasing Division received the Achievement for Excellence in Procurement Award for the sixteenth consecutive
year.

2020 Adopted Budget and Business Plan 22 City of Arlington, Texas