Page 95 - ArlingtonFY24AdoptedBudget

Business Plan

Financial/Economic Development Scorecard

FY 2021 FY 2022 FY 2023 FY 2024
Dept. Key Measures
Actual Actual Estimate Target
TDP Aviation Operating Cost Recovery 111.46% 126.15% 120% 110%
ED Recovery of Damage Claims $228,455 $182,734 $200,000 $300,000

Parks Cost recovery of Parks Performance Fund 83% 94% 74% 78%
Parks Cost recovery of Golf Performance Fund 109% 100% 96% 100%
TDP Total Aircraft Operations 97,415 130,242 120,000 98,000
TDP Hangar Occupancy Rate 100% 100% 100% 100%
Court Gross Revenue collected $12,080,287 $9,680,882 $9,320,796 $9,507,212
Court Revenue Retained $8,312,647 $6,811,332 $6,577,600 $6,709,150
Court Percent of revenue retained (less state costs) 68.81% 70.36% 70% 68%
Finance Debt service expenditures to total expenditures
of GF plus Debt Service (Net of Pension
Obligation Bonds) 17.62% 16.99% 16.84% < 20%
Finance Net tax-supported debt per capita (Net of
Pension Obligation Bonds) $1,118 $1,233 $1,257 $1,430
Finance Net debt to assessed valuation (Net of Pension
Obligation Bonds) 1.47% 1.53% 1.41% < 2%
Finance Actual Revenue percent variance from
estimates 1.6% 1.4% 0.6% 0.6%
Fire Homeland Security Grant Funding Secured $3,167,592 $3,185,092 $3,200,000 $3,200,000
Library Grant and gift funds as a percentage of total
general fund allocation 9% 9% 7% 6%
Bus. MWBE Participation: Good-faith effort on
Diversity applicable City procurements to include
construction and professional services. The
percentages reflect prime and subconsultant
spend on contracts awarded each quarter. 12% 42.1% 32% 30%
Finance Annual Comprehensive Financial Report with
"Clean Opinion" Yes Yes Yes Yes
Finance GFOA Certificate for Excellence – Accounting Yes Yes Yes Yes
Finance GFOA Certificate for Excellence – Budget Yes Yes Yes Yes
Finance Rating agencies ratings on City debt Affirm Affirm Affirm & Affirm
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Finance Compliance with debt policy benchmarks 100% 100% 100% 100%

Finance Maintain Texas Transparency Stars (5 Stars:
Traditional Finance, Contracts & Procurement,
Public Pensions, Debt Obligation, and Economic
Development) 5 Stars 5 Stars 5 Stars 5 Stars
Finance Annual percentage of best value awarded
contracts 40% 57% 35% 35%
Finance Annual procurement cycle from sourcing
process to contract execution < 120 days 104 days 119 Days 100 Days < 120 days
CLA Legal deadlines met for City Council agenda
posting 100% 100% 100% 100%
CLA Register birth records in the Record Acceptance
Queue from the State within one business day 97% 100% 95% 95%

FY 2024 Adopted Budget and Business Plan 86 City of Arlington, Texas