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ADOPTED | BUDGET

Finance

Top Goals and Objectives

Goal 1
To provide City Council, management, departments, and citizens with accurate and timely financial records that
conform with Generally Accepted Accounting Principles ('GAAP') and Government Accounting Standards Board
('GASB') requirements.
Objective Review and verify the accuracy of financial data.
Objective Meet all reporting deadlines with consistent and transparent financial information.
Objective Issue a CAFR that communicates and fairly presents the financial condition of the City.

Goal 2
To ensure compliance with applicable state and federal statutes, bond covenants, grant requirements, and
management policies pertaining to projects, events, and grants.

Objective Comply with all financial regulations and policies.
Objective Prepare and submit financial reports in compliance with grant requirements.
Objective Receive an Unmodified audit opinion on the CAFR and Single Audit.

Goal 3
To continue to provide high quality customer service, as well as timely, accurate billing for water, sewer, drainage,
and garbage service.

Objective Bill customers in a timely and accurate manner .
Objective Reconcile cash receipts to system posting to ensure processing occurs timely and accurately. Goals & Measures

Goal 4
To continue to maintain efficiency and effectiveness in the City's purchasing processes.

Objective Issue purchase order, on average, within two business days of receiving the requisition.
Objective Improve p‐card process and data timeliness by increasing the frequency of statement availability.

Goal 5
To configure and implement the financial components of the City's new Enterprise Resource Planning (ERP)
system.

Objective Engage departments in evaluating, developing, and implementing a new Chart of Accounts.
Objective Work with the vendor and City staff to configure, test, and implement a financial system.
Objective Provide end‐user training on financial modules prior to "go‐live".

205 NRH | TEXAS