Page 177 - Hurst FY20 Approved Budget

CITY OF HURST

GENERAL FUND FISCAL SERVICES 0323 FINANCE

FUTURE INITIATIVES

 Update the city’s financial policies as needed.
 Continue to evaluate debt refunding opportunities and additional debt needs to maintain
quality infrastructure throughout the city.
 Continue to monitor national, state and local financial conditions and report results to
City Management and City Council.
 Monitor and implement Government Accounting Standards Board (GASB) updates.
 Fiscal Services staff will strive to provide great customer service and pursue training
opportunities to maintain/update our skill sets.
 Continue participating in GFOA’s award programs.
 Seek additional staff certifications.
 Continue to provide up-to-date municipal debt information on the city’s website.
 Implement process improvement projects identified during our Organizational Needs
Inventory, and look for other opportunities to increase efficiencies.

GOALS, OBJECTIVES & PERFORMANCE MEASURES

Council Priorities:

☐Public Safety ☐Innovation
☐Economic Vitality ☐Redevelopment
☐Infrastructure ☒Leadership

Goals:

• Continue to refine our multi-year financial planning process to address future service
requirements and infrastructure needs based on anticipated revenue streams.
• Monitor new and emerging government regulations impacting the City’s fiscal condition,
including unfunded mandates.
• Focus on maintaining and improving city services, including identifying alternative
funding sources.
• Be proactive in risk detection and risk reduction.
• Continue to monitor economic conditions and their impact to the City’s fiscal condition.
• Provide accurate and timely financial records and reports.
• Invest all idle funds in compliance with the City’s Investment Policy in order to achieve
the goals of safety, public trust, liquidity, diversification, and yield.
• Provide courteous, friendly, professional service to all external and internal customers.

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