Page 26 - Forest Hill FY21 Annual Budget

Fore�Hill

I Department Summaries

I Workload Measures

Workload measures indicate the amount of work that has been done or projected workload
levels.

I Productivity Measures

The process of seeking best practices and attempting to emulate them. These should measure
productivity, effectiveness, efficiency, or the impact of services provided.

I Expenditure Summary

The summary of expenditures shows the catego1y of expenses for each division's programs.

I Personnel Summary

This section shows the personnel resources budgeted to carry out services.

Finaneial Policies

I Definition of a Balanced Budget

The annual operating budget submitted to the City Council will be balanced; expenditures not
exceeding current year revenues plus available fund balance, revenue, and transfers.

Minimum Fund Balance and Working Capital Policies

The Program of Services submitted to the City Council shall strive to maintain a minimum
unreserved fund balance of 90 days of annual operating expenditures for the General Fund and a
minimum working capital equivalent to 15 days of annual operating expenses for the Water and
Sewer Fund. Due to the economic shortcomings in the prior years, the City has presented here
within a balanced budget that will regain the goal of maintaining the minimums anticipated.

I Operating Budget Policies

The City of Forest Hill budget resources are on a fiscal year, which begins October I st and ends
September 30th of the following year.

The operating budget will be developed on an annual basis. Appropriations for each year will be
approved annually by the City Council.

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