Page 142 - Southlake FY24 Budget

City of Southlake Scorecard

Measure Target Previous Previous Current Source Timing
Period Period Period
Unreserved General 15% - 25% 31% 36% 39% City of Southlake, Annual
Fund Balance as a Finance Office Current
% of Period: 2021
Operating
Expenditures
Excess of the city’s
assets over its
liabilities

TRMS Funded Ratio 80% - 90.1% 91.1% 90.6% Texas Municipal Annual
Ratio of the actuarial 100% Retirement Current
Strategic Direction
value of assets to System Period: 2022
the actuarial accrued
liability

TMRS Amortization N/A 23.2 years 22.2 years 21.0 years Texas Municipal Annual
Period Retirement Current
The funded ratio System Period: 2022
is the ratio of the
actuarial value
of assets to the
actuarial
accrued liability
Performance Management & Service Delivery: Talent Management

Employee 4.50 Grand 4.09 Grand 4.22 Grand 4.22 Grand Gallup Biennial
Engagement Mean Mean Mean Mean Employee Current
Involvement and Score Score Score Score Engagement Period: 2021
enthusiasm of Survey
employees with their
work as
expressed by overall
survey engagement
score

Voluntary Turnover < 8% 13.2% 12.1% 15.7% City of Southlake, Annual
Rate Human Current
Full-time turnover Resources Period: 2022
rate, excluding Department
involuntary
separations

Time to Fill < 90 days 117 days 129 days 185 days City of Southlake, Annual
Average number of Human Current
days it takes to fill a Resources Period: 2022
full-time Department
vacant position, from
vacancy to job
acceptance

Library Recognition Award Award Award Award Texas Municipal Annual
Library Achievement Received Received Received Received Library Directors Current
of Excellence Award Association Period: 2023

142 FY 2024 City of Southlake | Budget Book