Page 160 - ArlingtonFY24AdoptedBudget

General Fund

Department Diversity
By Race and Gender

Black or American Native Some Other
White Hispanic African Asian Indian and Hawaiian and or Two or Female Male
or Latino Alaska Other Pac.
American More Races
Native Islander
City of Arlington Population 37.6% 29.9% 22.4% 6.6% 0.2% 0.3% 3.1% 51.0% 49.0%
City Organization 51.8% 22.0% 18.4% 3.5% 0.8% 0.2% 3.3% 38.0% 62.0%
Finance Department 38.5% 28.2% 23.1% 5.1% 0.0% 0.0% 5.1% 82.1% 17.9%

City-wide Budget Impacts
FY 2024 expenditures are impacted by compensation adjustments effective October 2023 ranging from 2%-6% that vary by job
family.

Scorecard

Finance FY 2021 FY 2022 FY 2023 FY 2024
Key Measures Actual Actual Estimate Target
Debt service expenditures to total expenditures of
GF plus Debt Service (Net of Pension Obligation
Bonds) 17.25% 16.99% 16.84% < 20%
Net tax-supported debt per capita (Net of Pension
Obligation Bonds) $1,121 $1,233 $1,257 $1,430
Net debt to assessed valuation (Net of Pension
Obligation Bonds) 1.46% 1.53% 1.41% < 2%
Annual Comprehensive Financial Report with
"Clean Opinion" Yes Yes Yes Yes
GFOA Certificate for Excellence – Accounting Yes Yes Yes Yes
GFOA Certificate for Excellence – Budget Yes Yes Yes Yes
Rating agencies ratings on City debt Affirm &
Affirm Affirm Upgrade Affirm
Compliance with debt policy benchmarks 100% 100% 100% 100%
Actual Revenue % of variance from estimates 1.6% 1.4% 0.6% 0.6%
Maintain Texas Transparency Stars (5 Stars:
Traditional Finance, Contracts and Procurement,
Public Pensions, Debt Obligation, and Economic
Development) 5 Stars 5 Stars 5 Stars 5 Stars
Annual percentage of best value awarded contracts 40% 57% 35% 35%
Annual procurement cycle from sourcing process to
contract execution < 120 days 104 days 119 Days 100 Days < 120 days

FY 2024 Adopted Budget and Business Plan 151 City of Arlington, Texas