Page 97 - CITY OF AZLE, TEXAS

DEPARTMENT DIVISION ACCOUNT
Finance & Accounting Finance 01-518

PURPOSE STATEMENT:
To provide accurate & timely financial data & analysis, while maintaining the City's debts, investments, and general
ledger and processing the City's accounts payable, payroll & cash receipts, administering City debts & investments,
overseeing City purchasing, and managing City risks.

GOALS AND OBJECTIVES:

Obtain Annual Comprehensive Financial Report award for fiscal year 2024.
Obtain Popular Annual Financial Report award for fiscal year 2024.
Continue to implement new Governmental Accounting Standards Board pronouncements as required.
Assist other departments on the evaluation of capital acquisitions, and other procurement issues.
Continue to update the Capital Assets information systems for all funds.
Continue the investment program initiatives to improve returns on investments.

KEY POINTS OF PROPOSED BUDGET:
Personnel Services: Increase due to impact of FY 23 step increases and increased benefits costs.
Increase for additional staff overtime.
Contractual Services: Increase for annual increase to computer software licenses and for additional staff
training.

KEY INDICATORS OF PERFORMANCE: FY 21-22 FY 22-23 FY 23-24
Actual Estimate Projection
Fund Financial Statements issued 204 204 204
Number of checks issued 4012 4718 4900
Total invoices paid 6719 7801 8100
Purchase Orders issued 332 345 360
Percentage of payroll completed ontime 100% 100% 100%

City of Azle FY 2023-2024 Budget 86