Page 118 - FortWorthFY22AdoptedBudget

General Fund

Financial Management Services and throughout the city. This division also assists with general ledger maintenance
and completes complex entries to ensure compliance with modified accrual and accrual level account
requirements as promulgated by the Governmental Accounting Standards Board (GASB).

The Financial Systems Management Division is responsible for the ongoing support of the financial management
software systems. This team oversees the configuration and application of software to the day-to-day business
operations while the city’s Information Technology Department provides the network and infrastructure for which
these systems are delivered to users. This team assists in driving efficiency in business processes by applying
technology solutions across the department.

The Central Purchasing Division purchases goods and services for all city departments assist with the disposal of
obsolete or surplus materials/equipment, manages the city’s Purchase Card Program, manages the city’s vendor
relationships, and oversees the city-wide mail operations.

The Treasury Division is responsible for effectively and efficiently managing the city's cash and investment
portfolios in strict compliance with the City’s Investment Policy and State Law. In addition, the Treasury Division
is responsible for the administration of the City’s complex debt portfolio, Capital Public Improvement District
administration, executing vendor and payroll disbursements, and the central billing and collection of a variety of
critical city-wide revenue sources.

FY2022 Discussion
The Adopted Budget increased by $449,783 due to the transfer of two AP from the Water department, an increase
in property tax collection expense, and a contract for payroll support. This was partially offset by the reduction of
one AP as part of the payroll support contract decision, and the transfer of one AP to the Economic Development
department.

Page 118 of 581