Page 151 - Southlake FY22 Budget

STrATEGIC DIrECTIOn

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Data
Data
Measurement Measurement Current Measure- Target Unit Source Timing Measurement Measurement Current Measure- Target Unit Source Timing
ment
ment
Period Period Period Period
Q12 Survey: Q06 Employee Unreserved
- There is some- Engage- General Fund
Annual
2.1.4 one at work who 4% 4.06 4.18 ≥ 4.50 # ment Biennial 3.1.3 balance as a % of 31.60% 25.40% > 24% % CAFR (March)
encourages my Survey Operating Expen-
development (City-wide) ditures
2.2 Collaborate with select partners to implement service solutions (B2) Debt as a % of Annual Annual
3.1.4 total assessed 0.58% 0.44% < 2.00% %
Value of part- valuation Budget (August)
nerships (Cost
2.2.1 TBD TBD TBD TBD TBD TBD TBD TBD
avoidance / Cost 3.2 Invest to provide & maintain high quality public assets (F2)
savings) TBD NEW TBD: Main-
External partner 3.2.1 tenance expendi- TBD TBD TBD TBD TBD TBD TBD TBD
alignment to SMS As- tures per unit of
2.2.2 3.70 3.80 3.80 ≥ 4.0 # Annual
Strategic Man- sessment Provide Financial Stewardship 3.3 asset
agement System
Manage the Business 2.2.3 for collaborative 1.5% 1.0% TBD TBD TBD TBD EDT Master Annual 3.3.2 gram prioritiza- TBD TBD TBD TBD TBD TBD Audit (March)
Achieve fiscal wellness standards (F3)
TBD - measure
NEW TBD: Pro-
TBD
TBD
ICMA
TBD
TBD
service delivery
tion
2.3
Enhance resident quality of life & business vitality through tourisim (B3)
3.4
Establish & maintain effective internal controls (F4)
Annual
% change in hotel
# audit findings
0
=
0
0
3.4.1
#
0
%
Annual
Indicator
3%
>
occupancy tax
2.3.1
incidents
(TBD)
Provide high quality services through sustainable business practices (B4)
2.4 revenue File 3.4.2 # verified fraud 0 0 0 = 0 # Finance Annual
Webb Analysis
Rating CMO /
2.4.1 Bond Rating AAA AAA AAA = AAA Rating Agencies: Annual 3.4.3 - TBD (Pcard, TBD TBD TBD TBD TBD TBD Finance TBD
Findings)
(April)
Fitch / S&P
Financial Man- 4.1 Ensure our people understand the strategy & how they contribute to it (L1)
2.4.2 agement Assess- Strong Strong Strong = Strong Rating S&P Annual
(April)
ment Motivate to
2.5 Enhance service delivery through continual process improvement (B5) 4.1.1 make strategy 3.5 3.7 3.7 > 4.0 # SMS As- Annual
SMS Assessment everyone's job sessment (March)
(SMS)
Composite Score SMS As- Annual
2.5.1 3.80 4.06 4.20 > 4 # Promote Learning & Growth
(average of all sessment (March)
categories) 4.1.2 Q12 Survey: Q08 4.17 4.23 4.23 > or = 4.5 # Employee Biennial
- The mission or
3.1
Adhere to financial management principles & budget (F1)
Provide Financial Stewardship 3.1.1 ditures, budget 100.0% 100.0% = 98-100% % Finance Quarterly me feel my job is (City-wide)
Engage-
purpose of my or-
ment
Operating expen-
ganization makes
Annual
Survey
98%
97%
CAFR
(March)
vs actual
significant
% invoices paid
within 30 days in
3.1.2
accordance with
>
%
94%
Prompt Payment
Act
150 FY 2022 City of Southlake | BUDGET BOOK
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