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ADOPTED | BUDGET

COUNCIL GOALS & ACCOMPLISHMENTS

COUNCIL GOAL :

FINANCIAL STABILITY

Strive to get the best value for taxpayer dollars and to
ensure that the city has the financial resources available
to invest in community priorities.

Objectives:

 Continue pay-as-you go when financially advantageous

 Maintain a stable and predictable income stream

 Maintain cash reserve and financial control policies

 Maximize targeted grant funding

Accomplishments:

 North Richland Hills’ good credit ratings (AA2 and AA+) were reaffirmed. This reaffirmation
reflects sound financial management and a strong economy in North Richland Hills.

 The City was awarded the Certificate of Achievement for Excellence in Financial Reporting
by the Government Finance Officers Association of the United States and Canada. This was
the 37th consecutive year the City has received this award.

 The City received the Distinguished Budget Presentation Award from the Government
Finance Officers Association of the United States and Canada. This was the 30th
consecutive year the City has received this award.

 North Richland Hills is currently managing in excess of 30 federal, state, and local grants and
other funding assistance with a combined value in excess of $27 million. Examples includes
the American Rescue Plan Act (ARPA) funds ($9.4 million), North Texas Anti-Gang Center
funds ($10.2 million), and Economic Development Administration funds for Iron Horse
Boulevard ($4.2 million).

81 NRH | TEXAS