Page 180 - Hurst FY20 Approved Budget

CITY OF HURST

GENERAL FUND FISCAL SERVICES 0323 FINANCE

Performance Measures: PY Actual CY Estimate Projected
General Debt Service as % of
General Fund Expenditures 9.2% 8.7% 9.9%
Tax Supported Debt as a % of
Taxable Assessed Valuation 1.7% 1.8% 1.6%
General Fund Exp. as % of
Taxable Assessed Valuation 1.2% 1.2% 1.1%
Actual General Fund Revenue
Over/(Under) Estimated Budget
(%) 3.3% 1.7% 2.6%
Undesignated General Fund
Balance (# of Days) 90 90 90
Debt Service Rate to Total Tax
Rate 19.95% 18.70% 20.89%

% of AP checks paid within 30 days
(Benchmark: 100%) 92% 95% 95%

Rebate provided by purchasing
card activity $49,809 $53,171 $55,000
Average Annual Return on
Investment / 3-mo. T-Bill Rate 1.52% / 1.69% 2.28% / 2.42% 2% / 2.20%
Investment Weighted Average
Days to Maturity
(Benchmark: <= 365 days) 202 Days 225 days 250 days
General Debt Service Fund
(Property Tax Serviced) Debt per
Capita $1,052 $1,303 $1,202

Debt Refunding – Average Annual
Savings $355,000 $345,000 $335,000

Efficiencies:
% of Monthly Closings Completed
within 7 Business Days of Month
End 83% 83% 83%
% of Monthly Sales Tax Reports
Prepared within One Day of State’s
Release of Data 100% 100% 100%
% of Vendor Requests Resolved
within One Week 95% 95% 100%

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