Page 63 - Kennedale Budget FY21

DEPARTMENT OUTLINE: FINANCE

The function of this department is to administer, support and guide the financial programs of the City in an
effective manner that allows for creation and development of the annual service programs and budgets,
monthly report, annual reports and creditable bond ratings.

H I G H L I G H T S A N D G O A L S A C C O M P L I S H E D
 Completed and earned awards for annual budget, and audit

 Negotiated contracts for Utility Billing Transition
 Issued 2019 Tax Notes totaling $2M

 Completed refunding of 2010 EDC debt, saving over $100K
 Increased Storm water fee

 Developed 5 year capital projects plan
 Developed bond programming plan for next five years

S H O R T - T E R M G O A L S
 Issue Debt of $6M without increasing the I&S tax rate
 Implement street maintenance fee
 Update inventory of assets

 Expand investment base

L O N G - T E R M G O A L S
 Plan for a future bond election

 Increase fund balance reserves in the General Fund
S T A F F I N G R E S O U R C E S
 Finance Director: 1.0 FTE

 Financial Analyst: 1.0 FTE
 Accounting Technician: 1.0 FTE

 Part-Time Customer Service Representative: 0.5 FTE

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