Page 193 - City of Westlake FY20 Budget

Goals and Objectives

18 Finance Department

Strategic Theme & Objective(s)
Theme ~ Exemplary Service & Governance
Objective(s) ~ Increase Financial Capacity / Reserves
Increase Revenue Streams

Department Contact Information
Debbie Piper Director dpiper@westlake-tx.org 817-490-5712
Jaymi Ford Senior Accountant jford@westlake-tx.org 817-490-5721
Anastasia Whigham Accounting Technician II awhigham@westlake-tx.org 817-490-5728
Marlene Rutledge Business Manager mrutledge@westlake-tx.org 817-490-5737

Program Broad Goals
Provide Town Council, departments and stakeholders with accurate and timely financial records and
reports in the most efficient manner.
Maintain the accounting and financial reporting systems in conformance with all state and federal
laws, Generally Accepted Accounting Principles (GAAP), standards of the Governmental Accounting
Standards Board (GASB) and the Government Finance Officers Association (GFOA).
Adhere to policies established by the Public Funds Investment Act, applicable bond covenants, and
the Town’s adopted investment policy and ensure proper collateralization of bank deposits.

Program Service Description
The Finance Department is responsible for collecting, recording, summarizing, and reporting the
results of all financial transactions of the following entities in a timely manner and in accordance with
generally accepted accounting principles while ensuring compliance with applicable state and federal
statutes, bond covenants and grant contracts by reviewing financial data and reporting such in a
timely manner.
o Town of Westlake, municipal government
o Westlake Academy, charter school
o Westlake Academy Foundation, 501(c)3 non-profit organization

Program Trends
Finance and accounting are core functions that often expand in direct correlation with a growing
organization.
Residential population increases and economic development as well as plans for future expansion at
Westlake Academy combined will continue to challenge the Finance Department’s ability to maintain
the highest levels of service and quality with our existing staffing.

2018-2019 Highlights
FINANCE AWARDS
• Prepared, submitted and received the GFOA Municipal Distinguished Budget Presentation Award.
Award has been received since 2007.

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