Page 261 - ArlingtonFY24AdoptedBudget

Appendices

FINANCIAL POLICIES (CONTINUED)

Grants

1. The City shall seek a fair share of available State and Federal financial support unless conditions attached to that assistance
are contrary to the City’s best interests. Prior to applying for and accepting intergovernmental aid, the City will examine the
matching requirements so that the source and availability of these funds may be determined before grant application is
made and that the application complies with City Administrative Policy #4.

In Compliance: Yes Comments: Grant matching requirements are considered as part of the budget process. No
additional grant match requests were received for the FY 2023 budget.

2. All grants and other federal and state funds shall be managed to comply with the laws, regulations, and guidance of the
grantor, and all gifts and donations shall be managed and expended according to the wishes and instructions of the donor.

In Compliance: Yes Comments: FY 2022 Single audit was complete by required due date of June 30, 2023.

Property Tax Collection

1. The City shall contract with the County for collections and encourage the Tax Assessor-Collector to follow an aggressive
policy of collecting property tax revenues.

In Compliance: Yes Comments: The County continues to collect greater than 94% of all current year collections while
pursuing delinquent collections in FY 2023.

2. The City shall contract with the Tarrant Appraisal District (TAD), as required by state statute, for appraisal services of all
property (real, business, and mineral). The City will also work with TAD on the economic development incentives including,
but not limited to, abatements, Ch 380, TIRZ, PIDs, MMDs, etc.

In Compliance: Yes Comments: The City and TAD have worked together regarding the appraisals and economic
development incentives. The City attended monthly meetings with TAD. throughout FY 2023

3. The City shall contract with a third party for the collection of delinquent property tax. The collection fee shall be determined
by the competitive process but will not exceed 20%.

In Compliance: Yes Comments: The City has contracted with Linebarger to continue pursuing delinquent collection
with a 15% collection fee

4. Finance will monitor collection efforts by the County and third party, and report results to Council as part of the Budget
Analysis Report.

In Compliance: Yes Comments: The City monitors collections on a monthly basis. Results are reported to Council as
part of the Budget Analysis report which is available on the City’s website.

Self-Insurance & Retirement Funds
1. All retirement and self-insurance funds will be examined annually to ensure that adequate balances are maintained.
Unfunded actuarial liabilities in a retirement program are to be amortized in accordance with GASB and actuarial
requirements. The self-insurance program for workers’ compensation and self-insurance programs shall be funded at the
Actuarial Central Estimated confidence level.

In Compliance: Yes Comments: Reviewed at least annually as part of most recent financial audit, actuarial reports,
internal management reports, and budget reporting.

FY 2024 Adopted Budget and Business Plan 252 City of Arlington, Texas