Page 194 - City of Westlake FY20 Budget

Goals and Objectives

18 Finance Department

• Prepared, submitted and received the GFOA Municipal Comprehensive Annual Financial Report.
Award has been received since 2007.
• Prepared, submitted and received Westlake Academy’s International Award for Budget Excellence
for recognition from the Association of School Business Officials International. Awards have been
received since 2009.

INTERNAL PROCESSES
• Fund balance days for General Fund changed from 90 days to 180 days
• McClain Decision Support Systems software implementation for Budget, Personnel and Capital
Improvement Plan
• Forecast5 budgeting and forecasting implementation (5Cast) for finance/student data
comparisons with Public Education Information Management System (PEIMS) data (5Sight)
• BBVA Compass Bank implementation of new credit card module.
• Sports Engine software implementation for athletic/field trip registrations
• Set up per diem for Academic faculty professional development
• Set up ACH direct deposits for Academic faculty/staff reimbursements and per diems
• Developed International City/County Managers Association (ICMA-RC) process for monthly 457
contributions

2019-2020 Goals and Objectives
Continuous training of municipal and academic staff related to financial processes, procedures and
internal controls related to accounts payable, receivable, travel, etc.
Prepare and submit the municipal budget to GFOA for the Distinguished Budget Presentation Award.
Prepare and submit the municipal Comprehensive Annual Financial Report to GFOA for the Financial
Reporting Award.
Receive an unqualified audit opinion on the municipal Comprehensive Annual Financial Report.
Maintain fund balance for municipal General Fund at 180 days or greater.
Prepare and submit the academic budget to the Association of School Business Officials International
for the International Award for Budget Excellence.
Maintain fund balance for the academic General Fund at 45 days or greater.
Receive an unqualified audit opinion on the academic Annual Financial Report.
Prepare Request for Proposal (RFP) and obtain auditing services for the town, academy, Westlake
Academy Foundation and Texas Student Housing.
Prepare RFP and obtain services for a depository contract for the town and academy.

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