Page 375 - FortWorthFY22AdoptedBudget

(i.e., projected expenditures/expenses in excess of projected revenues) is projected
at year-end. Corrective actions can include a hiring freeze, expenditure/expense
reductions, fee increases, or use of fund balance/net position within the Fund
Balance/Net
Position Policy Statements. Expenditure/expense deferrals into the following fiscal
year, short-term loans, or use of one-time revenue sources shall be avoided to
balance the budget.

C. Maintenance of Capital Assets

Within the resources available each fiscal year, the City shall strive to maintain
capital assets and infrastructure at a sufficient level to protect the City's
investment, to minimize future replacement and maintenance costs, and to continue
service levels.

D. Periodic Program Reviews

The City Manager shall strive to undertake periodic reviews of City programs for
both efficiency and effectiveness. As appropriate, the privatization and contracting
of services with other governmental agencies or private entities will be evaluated
as alternative approaches to service delivery. Programs that are determined to be
inefficient and/or ineffective shall be redesigned, reduced in scope, or eliminated.

E. Purchasing

The City shall conduct its purchasing and procurement functions efficiently and
effectively, fully complying with applicable State laws and City ordinances. Staff
shall make every effort to maximize discounts and capitalize on savings available
through competitive bidding and “best value” purchasing.

Page 375 of 581