Page 188 - CityofColleyvilleFY23AdoptedBudget

Finance Administration

Performance Measures & Vital Statistics

Vital Statistics FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022
Percentage of automatic
draft utility customers/total 19% 24% 22% 31% 41% 48%
customers
Percentage of utility
customers paying before 96% 97% 97% 92% 92% 91%
cutoff
Uncollectible utility
accounts written off at year
end (water $20,693 $21,605 $25,498 N/A N/A $24,799
& sewer)

5-Year + Outlook

Finance Administration
Finance will continue to strive for high standards of scal responsibility through adhering to the reporting standards set forth by
the Governmental Accounting Standards Board, as well as applying best practices laid out by the Government Finance Of cers
Association (GFOA). To that end, staff will continue to apply for GFOA awards in nancial reporting.

Holding transparency and communication as crucial values, the nance staff will work to ensure all monthly and quarterly reports
present the city’s position in a clear, concise format. Additionally, staff will work with OpenGov, the city’s vendor for online
transparency, to create informative, value-added reports for Council, staff, and all citizens of Colleyville on an ongoing basis. These
reports will be available to access on-line and in real-time.
Finally, this will be the second Colleyville budget the Finance Department has prepared, as the staff has taken over the City’s
annual budget process. Staff strives to maintain the City’s high standards for this process, taking care to lay out long-range
forecasts and act as advisor and facilitator between departments, City Management, and Council. Finance staff will also make sure
Colleyville’s tax rate setting process adheres to the State’s regulates as well as Colleyville’s history of public transparency.

City of Colleyville | Budget Book 2023 Page 188