Page 145 - Manfield FY21 Budget

Actual Actual Budget Budget
Finance 2017/2018 2018/2019 2019/2020 2020/2021
Demand
Annual Audit 1 1 1 1

Financial Reports to City Council 12 12 12 12
Invoices Submitted for Payment 14,547 15,293 16,058 16,861

Checks Processed 8,806 9,357 9,918 10,514
Purchasing Cards Processed 180 180 181 185

Workload
Debt Managed (Millions) 228M 240M 236M 243M
Average Daily Investments (Millions) 67M 68M 69M 70M
Operating Budgets Managed (Millions) 205M 175M 204M 183M
Tax Collections (Millions) 45M 49M 55M 58M
Productivity
Tax Collection Rate 99.5% 100% 100% 100%
GFOA CAFR Award 1 1 1 1
Departmental Budget Meetings 15 20 25 20
Effectiveness
Percent Savings of Bond Upgrades 2% 2% 2% 2%
Debt as a Percentage of Total Taxes 34% 33% 32% 31%
Fund Balance-General Fund $17,028,977 $17,409,306 $17,409,306 $17,409,306
Fund Balance Requirement of 25% Accomplished 100% 100% 100% 100%

Measurable Outcomes:
• Maintain current debt ratios.
• Maintain or improve the bond ratings from all three major Bond Rating Agencies.

Finance Actual Actual Budget Budget % Change
Summary 2017-2018 2018-2019 2019-2020 2020-2021 2020-2021

Personnel Services $ 513,244 $ 571,900 $ 591,346 $ 150,291 -74.58%
Operations 93,561 100,072 60,603 72,458 19.56%

Total $ 606,805 $ 671,972 $ 651,949 $ 222,749 -65.83%

2018-2019 2019-2020 2020-2021 2020-2021
Full Time Equivalent Positions Budget Budget Budget Change
Deputy City Manager 1 1 0 -1
Assistant Finance Director 1 1 1 0
Financial Analyst 1 1 0 -1
Total 3 3 1 -2

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