Page 97 - FY 2020-21 Budget Cover.pub

DEPARTMENT DIVISION ACCOUNT
Finance & Accounting Finance 01-518

PURPOSE STATEMENT:
To provide accurate & timely financial data & analysis, while maintaining the City's debts, investments, and general
ledger and processing the City's accounts payable, payroll & cash receipts, administering City debts & investments,
overseeing City purchasing, and managing City risks.

GOALS AND OBJECTIVES:

Obtain Comprehensive Annual Financial Report award for fiscal year 2020.
Continue to implement new Governmental Accounting Standards Board pronouncements as required.
Assist other departments on the evaluation of capital acquisitions, and other procurement issues.
Continue to update the Capital Assets information systems for all funds.
Continue the investment program initiatives to improve returns on investments.
Promote Electronic Funds Transfer as a method of payment to the City's vendors

KEY POINTS OF PROPOSED BUDGET:
Personnel Services: Increase due to impact of FY 2019-20 step increases and increased benefit costs.

KEY INDICATORS OF PERFORMANCE: FY 18-19 FY 19-20 FY 20-21
Actual Estimate Projection
Fund Financial Statements issued 192 192 192
Number of checks issued 3747 3703 3725
Total invoices paid 7963 7973 7975
Purchase Orders issued 247 276 275
Percentage of payroll completed ontime 100% 100% 100%

City of Azle 2020-2021 Budget 86