Page 57 - City of Kennedale Adopted Budget FY22

DEPARTMENT OUTLINE: FINANCE

The function of this department is to administer, support and guide the financial programs of the City in an
effective manner that allows for creation and development of the annual service programs and budgets,
monthly report, annual reports and creditable bond ratings.

H I G H L I G H T S A N D G O A L S A C C O M P L I S H E D
▪ Completed and earned awards for annual budget, and audit

▪ Issued 2021 Certificates of Obligation totaling $6M
▪ Completed refunding of 2010 EDC debt, saving over $100K

▪ Developed 5-year capital projects plan
▪ Presented potential bond programming plan for next five years

S H O R T - T E R M G O A L S
▪ Present bond options to include a local bond election in May 2022

▪ Update inventory of assets
▪ Expand investment base

L O N G - T E R M G O A L S
▪ Exit the Enterprise Lease Program and return to full purchase vehicles
▪ Increase fund balance reserves in the General Fund

S T A F F I N G R E S O U R C E S
▪ Finance Director: 1.0 FTE

▪ Financial Analyst: 1.0 FTE

▪ Accounting Technician: 1.0 FTE
▪ Part-Time Customer Service Representative: 0.5 FTE

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