Page 66 - Haltom City FY 22 Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2022 General FUND

FINANCE

Mission Statement

The Finance Department is responsible to optimally manage the City’s resources through budgeting,
purchasing, management analysis and financial reporting. The Director serves as the Chief
Financial Officer of the City and acts as the primary contract with the City’s outside auditors, bond
council, rating agencies and underwriters. Finance Department also provides general supervision
and oversight of all revenue collection for the City.

Accomplishments of FY2021

◊ Received an unmodified (clean) opinion on the Comprehensive Annual Financial Report
(CAFR)
◊ Awarded the Government Finance Officers Association (GFOA) “Certificate of Achievement
for Excellence in Financial Reporting” for the high standard and level of financial reporting
◊ Awarded the Government Finance Officers Association (GFOA) “Distinguished Budget
Presentation Award” for the high standard and level of the annual budget document
◊ Maintained the city’s AA- and Aa3 bond rating on the General Obligation Bonds
◊ Issued $29,000,000 Certificates of Obligation Bonds
◊ Began Implementation of New Financial Software Suite with Munis
◊ Managed the Financial content of new Water and Wastewater Rate Study and established
new Fee Structure

Objectives of FY2022

◊ Receive an unmodified (clean) opinion on the Comprehensive Annual Financial Report
(CAFR)
◊ Maintain the high standard and level of financial reporting for obtaining GFOA “Certificate of
Achievement for Excellence in Financial Reporting”
◊ Maintain the high standard and level of the annual budget document for obtaining GFOA
“Distinguished Budget Presentation Award”
◊ Monitor Revenues of New Fee Schedule
◊ Continue cost saving measures by converting payments to vendor from manual checks to
electronic funds
◊ Implement the Remaining Suites of New Software and begin UB Modules
◊ Update financial policies and procedures