Page 194 - Microsoft Word - FY 2022 Adopted Budget Document

General Fund Return to Table of Contents
Table
of
Return
to
Contents
City‐wide Budget Impacts
FY 2022 expenditures are impacted by a 3% across-the-board compensation adjustment effective January 2022 and a 5.4%
increase in the city’s contribution to employee health coverage.

Scorecard

Finance FY 2019 FY 2020 FY 2021 FY 2022
Key Measures Actual Actual Estimate Target
Debt service expenditures to total expenditures of
GF plus Debt Service (Net of Pension Obligation
Bonds) 16.9% 16.95% 17.3% < 20%
Net tax-supported debt per capita (Net of Pension
Obligation Bonds) $1,110 $1,139 $1,121 $1,245
Net debt to assessed valuation (Net of Pension
Obligation Bonds) 1.47% 1.52% 1.46% < 2%
Comprehensive Annual Financial Report with "clean
opinion" Yes Yes Yes Yes
GFOA Certificate for Excellence – Accounting Yes Yes Yes Yes
GFOA Certificate for Excellence – Budget Yes Yes Yes Yes
Achievement of Excellence in Procurement Yes Yes Yes Yes
Rating agencies ratings on City debt Affirm Affirm Affirm Affirm
Compliance with debt policy benchmarks 100% 100% 100% 100%
Actual Revenue % of variance from estimates 0.5% 0.35% 0.6% 0.6%
Maintain Texas Transparency Stars (5 Stars:
Traditional Finance, Contracts and Procurement,
Public Pensions, Debt Obligation, and Economic
Development) 5 Stars 5 Stars 5 Stars 5 Stars
Annual percentage of best value awarded contracts New Measure
in FY 2020 20% 20% 20%
Annual procurement cycle from sourcing process to New Measure
contract execution < 90 days in FY 2020 85 < 90 days < 90 days

Finance Expenditures

Actual Budgeted Estimated Adopted
FY 2020 FY 2021 FY 2021 FY 2022
Administration $ 865,064 $ 1,020,219 $ 932,130 $ 1,082,868
Accounting 927,065 931,948 926,330 1,112,320
Purchasing 740,373 757,798 753,505 588,001
Treasury 1,874,394 1,970,241 1,930,997 2,103,321
Payroll/Payables 588,211 547,235 560,772 423,631

Office of Management and Budget 729,874 695,170 708,767 734,696
TOTAL $ 5,724,981 $ 5,922,612 $ 5,812,500 $ 6,044,836

FY 2022 Adopted Budget and Business Plan 183 City of Arlington, Texas