Page 116 - Microsoft Word - FY 2022 Adopted Budget Document

Business Plan Return to Table of Contents
Return to Table of Contents

Financial/Economic Development

Goal 1: Continue Responsible Fiduciary Emphasis for the Organization and Council
Objective 3: Seek New or Alternative Funding Sources
Project Performance Measure(s) Department(s)
Core Workers’ Compensation Network Completed Analysis Human Resources
FED Analysis
1.3.1
Summary:
Milestone Estimated Status
The City may be able to recognize cost savings by Completion
establishing its own workers’ compensation network in Assess available 1 Qtr. FY 2021 Completed
st
accordance with Texas Labor Code allows a political options
subdivision to either enter interlocal agreements with Review TDI 2020 1 Qtr. FY 2021 Completed
st
other political subdivisions to establish or join workers’ Network Report
compensation networks, by directly contracting with Scorecard for Existing
health care providers. The potential exists for overall Network performance
reduced costs due to better utilization statistics and better Review of existing 1 Qtr. FY 2021 Completed
st
control over medical expenses. claim data against
current vendors
networks
Conduct Cost/Benefit 4 Qtr. FY 2021 In Progress
th
Analysis
Present findings to 2 Qtr. FY 2022
nd
CMO during
Comprehensive
Financial Forecast
Evaluate Next Steps 2 Qtr. FY 2022
nd

Financial/Economic Development

Goal 1: Continue Responsible Fiduciary Emphasis for the Organization and Council
Objective 3: Seek New or Alternative Funding Sources
Project Performance Measure(s) Department(s)
Core Homeplate Restaurant and  Percent Cost Recovery Parks & Recreation
FED Banquet Facility at Texas Ranger  Gross Revenue Generated
1.3.2 Golf Course
Summary:
Performance
Home Plate opened to the public March 8, 2021. FY 2022 Gross % Cost
will be the facilities first full year in operation. Goals Revenue Recovery
include overcoming operational hurdles and focusing full‐ 1 Qtr.
st
service hours in the restaurant and event space. 2 Qtr.
nd
3 Qtr.
rd
4 Qtr.
th
Total

FY 2022 Adopted Budget and Business Plan 105 City of Arlington, Texas