Page 156 - Hurst Budget FY21

CITY OF HURST

GENERAL FUND FISCAL SERVICES 0323 FINANCE

 Continue to evaluate debt refunding opportunities and additional debt needs to maintain
quality infrastructure throughout the city.
 Continue to monitor national, state and local financial conditions and report results to
City Management and City Council.
 Monitor and implement Government Accounting Standards Board (GASB) updates.
 Fiscal Services staff will strive to provide great customer service and pursue training
opportunities to maintain/update our skill sets.
 Continue participating in GFOA’s award programs.
 Seek additional staff certifications.
 Continue to provide up-to-date municipal debt information on the city’s website.
 Consider process improvement, cost saving and revenue enhancement projects
identified by staff, including charging credit card convenience/surcharge fees for online
payments.

GOALS, OBJECTIVES & PERFORMANCE MEASURES

Council Priorities:

☐Public Safety ☒Innovation
☒Economic Vitality ☐Redevelopment
☐Infrastructure ☒Leadership

Goals:
 Continue to refine our multi-year financial planning process to address future service
requirements and infrastructure needs based on anticipated revenue streams.
 Monitor new and emerging government regulations impacting the City’s fiscal condition,
including unfunded mandates.
 Focus on maintaining and improving city services, including identifying alternative
funding sources.
 Be proactive in risk detection and risk reduction.
 Continue to monitor economic conditions and their impact to the City’s fiscal condition.
 Provide accurate and timely financial records and reports.
 Invest all idle funds in compliance with the City’s Investment Policy in order to achieve
the goals of safety, public trust, liquidity, diversification, and yield.
 Provide courteous, friendly, professional service to all external and internal customers.

Objectives:

 For each year in multi-year financial plans, calculate a tax rate needed to balance the
budget based on a conservative approach with no alternative funding sources.

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