Page 57 - CityofKennedaleFY23Budget

DEPARTMENT OUTLINE: FINANCE

Finance ensures City transactions and funds are safeguarded, obligated, spent and reported for
intended purposes, in an efficient manner when properly approved, in support of an excellent
quality of life for the citizens of the City.

HI G HL I G H T S A N D G O A L S A CCO M P L I S HE D
 Issued 2021 Certificates of Obligation totaling $6M
 Obtained full staffing, allowing for greater financial analysis
 Set financial path for departments by providing transparency and financial guidance
 Provided clear monthly financial reports
 Updated the Investment Policy and provided investment strategy for increased
investment income
 Updated and maintained a bidder’s listing

S HO RT - T E RM G O A L S
 Work to scan documents to create a paperless office environment
 Work to establish more bank to bank transactions for suppliers
 Identify cost savings initiatfor the City and implement plans to achieve the savings

L ON G - T E RM G O A L S
 Exit the Enterprise Lease Program and return to full purchase vehicles
 Increase fund balance reserves

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