Page 159 - ArlingtonFY24AdoptedBudget

General Fund

FINANCE: April Nixon, Chief Financial Officer
Department Narrative Business Plan Goals and Objectives

The Finance Department provides support and • Goal: Ensure Availability of Information, Programs, and City Services
information to assist the City Manager and the o Objective: Provide for the Efficient Access and Appropriate
Mayor and City Council in management Management of the City’s Data
decision-making. The department facilitates o Objective: Implement New Technology
the development and tracking of the City’s • Goal: Continue Responsible Fiduciary Emphasis for the
business plan and performance-based budget Organization and Council
and acts as a strategic partner with o Objective: Comply with all Financial Regulations and Policies
departments to provide financial expertise and
guidance with City-wide impact. The Revenue Highlights
department is also responsible for preparing $3,894,188
the City’s Comprehensive Annual Financial • Interest Revenue
Report, processing payments to City vendors, • State Liquor Tax 2,532,193
preparing City payroll, procuring goods and • Bingo Tax 116,427
services, monitoring consolidated tax Total $6,542,808
collection efforts, and directing the City’s cash
and debt portfolio management activities. Budget Highlights
Divisions in the department include: • New Financial System Administrator $99,369
Administration, Accounting, Purchasing, • One-time Funding for Finance 8 Floor Remodel $140,000
th
Treasury Management, Payroll/Payables, and • Increased Recurring Funding for Tarrant Appraisal District
the Office of Management & Budget. Assessment Services $117,119
• Increased Recurring Funding for External Audit Costs $32,500
At A Glance • Increased Recurring Funding for Bank Fees $84,000 (Offset)
• 42 Authorized Positions • Increased Recurring Funding to Fund FY 20121 Frozen Positions
• Budget Break Down $81,845
Personnel Services $4,724,622 • Increased Recurring Funding for Annual Comprehensive Financial
Operating Expenses 2,941,905 Report Preparation Software $7,000
Total $7,666,527

FY 2024 Adopted Budget and Business Plan 150 City of Arlington, Texas