Page 146 - Southlake FY23 Budget

STRATEGIC DIRECTIOn

city oF Southlake city-Wide Scorecard

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Data
Measurement Measurement Current Measure- Target Unit Source Timing
ment
Period Period
Manage the Business 2.5.1 NEW TBD: Six TBD TBD TBD TBD TBD TBD TBD TBD

Sigma outcomes
(meeting project
goal(s))

3.1 Adhere to financial management principles & budget (F1)
Operating
Annual
3.1.1 expenditures, 96% 94% 96% = 98-100% % ACFR (March)
budget vs actual

% invoices paid
within 30 days in
3.1.2 accordance with 100.0% 100.0% 100.0% > 94% % Finance Quarterly
Prompt Payment
Act
Unreserved
General Fund
Annual
3.1.3 balance as a % 32.79% 36.51% 39.95% > 24% % ACFR (March)
Provide Financial Stewardship 3.1.4 total assessed 0.58% 0.44% 0.34% TBD 2.00% TBD Annual Annual (Au-
of Operating
Expenditures
Debt as a % of
%
<
gust)
Budget
valuation
Invest to provide & maintain high quality public assets (F2)
3.2
NEW TBD:
Maintenance
3.2.1
TBD
TBD
TBD
TBD
TBD
TBD
expenditures per
Achieve fiscal wellness standards (F3)
3.3
NEW TBD:
Program
3.3.2 unit of asset TBD TBD TBD TBD TBD TBD TBD TBD
prioritization
3.4 Establish & maintain effective internal controls (F4)
Annual
3.4.1 # audit findings 0 0 0 = 0 # Audit
(March)
# verified fraud
3.4.2 0 0 0 = 0 # Finance Annual (TBD)
incidents
Webb Analysis
CMO /
3.4.3 - TBD (Pcard, TBD TBD TBD TBD TBD TBD Finance TBD
Findings)
BUDGET BOOK | FY 2023 City of Southlake 145
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