Page 28 - N. Richland Hills General Budget

BUDGET OVERVIEW

COUNCIL GOAL 4:

FINANCIAL STABILITY

Strive to get the best value for taxpayer dollars and
to ensure that the c ity has the financial resources
available to invest in community priorities.

Objectives:

• Continue pay-as-you go where possible

• Maintain a stable tax rate and predictable income stream

• Update the long-range financial plan annually

• Maintain cash reserve policies

• Maximize targeted grant funding

• Identify and evaluate funding alternatives and innovative financing tools for achieving our
strategic vision

Accomplishments:

• In October of 2019, North Richland Hills’ good credit ratings (AA2 and AA+) were
reaffirmed. This reaffirmation is a reflection of sound financial management and a strong
economy in North Richland Hills.

• The City received an unmodified (clean) opinion from the auditors regarding the FY 2019
financial statements.

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