Page 199 - City of Bedford FY20 Approved Budget

Fund: General
Department: Administrative Services
Division: Finance

PERFORMANCE MEASURES

ACTUAL TARGET PROJECTED TARGET
Indicator
17/18 18/19 18/19 19/20
INPUTS
# of Manual Journal Entries 956 975 1,050 1,025
# of FTE's 3 3 3 3
OUTPUTS
Total Interest Earnings $1,799,135 $1,000,000 $3,000,000 $2,000,000
Average % of Portfolio Yield 1.84% 1.00% 2.50% 2.00%
Total Outstanding Debt (thousands) $76,425 $130,980 $137,720 $131,335
EFFICIENCY
# of Days to Reconcile City Bank Accounts 13 15 15 15
% of City Funds Invested 97.34% 97.00% 98.00% 98.20%
% of Property Taxes Collected 99.42% 99.55% 99.50% 99.50%
Division Budget as a % of General Fund 1.62% 1.75% 1.83% 1.88%
EFFECTIVENESS & OUTCOMES
Received Unmodified Audit Opinion Yes Yes Yes Yes
Received GFOA Certificate of Achievement Award Yes Yes Yes Yes
CAFR submitted to City Council by February Yes Yes Yes Yes
Bond Rating on General Obligation Bonds AA AA AA AA

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