Page 153 - Haltom City Budget FY21

CITY OF HALTOM CITY aNNUAL BUDGET, FY2021 SUPPLEMENTAL INFORMATION

Review. Periodic review of cash flow position shall be performed to determine performance of
cash management and investment policies. Detail policy structures (City Investment Policy and
Depository Agreement) shall be followed with respect to Cash/Treasury management.

Interest earned from investment of available funds, whether pooled or not, shall be distributed to
the funds from which monies were provided to be invested.

In accordance with the Texas Public Funds Investment Act the written Investment Policy is
submitted annually to the City Council for review and formal approval.

Performance Measurement

Every year, the City Council evaluates the strategic priorities established the previous year. Pri-
orities are added and dropped as appropriate to develop a new set of strategic priorities for the
coming budget year.

From the strategic priorities, each department develops goals that outline measures to accom-
plish the strategic priorities. The goals are supported by performance measures. Performance
measurements should objectively monitor and project the degree of success in accomplishing
the goals as outlined.

Conformity

The City has received the GFOA Certificate of Achievement for the fiscal year years ending
1987 through 2019. The budgets prepared for submission has been recognized with the GFOA
Distinguished Budget Award annually since 1989 with exception of one year. The City intends to
continue to participate successfully in the award program.

153