Page 97 - CITY OF AZLE, TEXAS

DEPARTMENT DIVISION ACCOUNT
Finance & Accounting Finance 01-518

PURPOSE STATEMENT:
To provide accurate & timely financial data & analysis, while maintaining the City's debts, investments, and general
ledger and processing the City's accounts payable, payroll & cash receipts, administering City debts & investments,
overseeing City purchasing, and managing City risks.

GOALS AND OBJECTIVES:

Obtain Comprehensive Annual Financial Report award for fiscal year 2020.
Continue to implement new Governmental Accounting Standards Board pronouncements as required.
Assist other departments on the evaluation of capital acquisitions, and other procurement issues.
Continue to update the Capital Assets information systems for all funds.
Continue the investment program initiatives to improve returns on investments.
Promote Electronic Funds Transfer as a method of payment to the City's vendors

KEY POINTS OF PROPOSED BUDGET:
Personnel Services: Increase due to impact of FY 22 step increases, increased benefit costs, and increase
related to salary plan market adjustment.
Contractual Services: Increase included for additional bank fees and software enhancements.

KEY INDICATORS OF PERFORMANCE: FY 20-21 FY 21-22 FY 22-23
Actual Estimate Projection
Fund Financial Statements issued 204 204 204
Number of checks issued 2874 2812 2850
Total invoices paid 7512 7316 7400
Purchase Orders issued 270 218 220
Percentage of payroll completed ontime 100% 100% 100%

City of Azle FY 2022-2023 Budget 86