Page 179 - Hurst FY20 Approved Budget

CITY OF HURST

GENERAL FUND FISCAL SERVICES 0323 FINANCE

Performance Measures: PY Actual CY Estimate Projected

Input:
# of Employees with Primary
Budget Responsibilities 3 3 3
# of Employees Coordinating
Treasury, Accounting, AP/AR, and
Debt Management Activity 3 3 3

Finance Division Expenditures $395,189 $406,743 $441,400

Workload/Output:
Number of Journal Entries
Processed 1,596 1,700 1,700

Finance Committee Meetings Held 12 12 12

Bank Activity Reviewed Daily   

Number of AP Checks Issued 5,736 5,500 5,500
Number of Purchasing Card
Transactions 11,800 12,500 12,500
# of Investments within the City’s
Portfolio 27 29 30

# of Internal Audit Reviews 1 1 1
Debt Service Payments Made,
Arbitrage Calculations Performed,
and All Regulatory Reports Filed.   

Effectiveness:
GFOA Distinguished Budget
Presentation Award   
GFOA Certificate of Achievement
Award   
Multi-Year Financial Plans
Presented to Council   
General Fund Sales Tax
Over/(Under) Budget $1.1 M $900,000 $1 M
Credit Ratings (Moody’s / S&P)
(Benchmark: A or higher) Aa2 / AA Aa2 / AA Aa2 / AA

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