Page 127 - FY 24 Budget Forecast at Adoption.xlsx

FINANCE & ACCOUNTING DEPARTMENT

FY 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted
PERFORMANCE INDICATORS Actual Budget YE Proj. Budget
Accounting Activities:
Avg # of Days for bank reconciliation 70 25 50 40
% of Voided checks to checks issued 0.32% <1% 0.34% <1%
Budgeting Activities:
General Fund Exp. Budget Vs. Actual % 2.75% 0.50% 4.58% 0.50%
Investing/Banking Activities:
Avg Weighted Investment Yield to 0.91% 1.25% 3.44% 1.50%
% of Funds invested long-term 44% 40% 36% 40%
Percentage of taxes collected (services to
be provided by the Tarrant County Tax 99.25% 99.25% 99.25% 99.25%
Assessor/Collector)
Average market residential value $447,816 $529,254 $529,254 $529,254
Average taxable residential value $347,898 $387,603 $387,603 $387,603
Ratio of taxable to appraised value 78% 73% 73% 73%

125