Page 195 - City of Westlake FY20 Budget

Goals and Objectives

18 Finance Department

Performance Measures

Bench 2018 2019 2020

Mark Actual Estimated Target
INPUTS (the resources that contribute to the production & delivery of outputs)
Usually a NOUN – we use staff, time, money, materials, equipment, technology, etc.
1. Full Time Equivalents n/a 4.00 4.00 4.50
2. Department Payroll Expenditures n/a $287,895 $274,203 $361,224
3. Department Operating Expenditures n/a $45,193 $51,253 $55,764

OUTPUTS (The final product/ service that was produced/delivered from your input – is measurable) Usually a
VERB/QTY – we conduct, deliver, develop, train, provide, assess, facilitate, etc.
1. Prepare CAFR/Audit (Municipal) Annual Annual Annual Annual
2. Prepare AFR/Audit (Academic) Annual Annual Annual Annual
3. Prepare AFR/Audit (Foundation) Annual Annual Annual Annual
4. Prepare Budget (Municipal) Annual Annual Annual Annual
5. Prepare Budget (Academic) Annual Annual Annual Annual

MEASURES OF EFFECTIVENESS/EFFICIENCY (the result or consequence of achieving your output) (the
ability to do things well, successfully, and without waste)
MUNICIPAL MEASURES
1. Fund balance 180 days or greater 180 days 428 days 467 days 435 days
audited estimated projected
2. Standard & Poors Rating AAA/stable AAA/stable AAA/stable AAA/stable
3. CAFR with Clean Opinion Yes Yes Yes Yes
4. GFOA Award for CAFR Yes Yes Yes Yes
5. GFOA Award for Budget Yes Yes Yes Yes

ACDEMIC MEASURES
1. Fund balance 45 days or greater 45 days 46 days 48 days 52 days
audited estimated projected
2. CAFR with Clean Opinion Yes Yes Yes Yes
3. ASBO Award for Budget Yes Yes Yes Yes

FOUNDATION MEASURES
1. CAFR with Clean Opinion Yes Yes Yes Yes

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