Page 99 - CITY OF AZLE, TEXAS

DEPARTMENT ACCOUNT
Finance 01-606

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.
Continue to implement new Governmental Accounting Standards Board pronouncements as required.
Assist other departments on the evaluation of capital acquisitions, and other procurement issues.
Utlize cooperative agreements and interlocal agreements for cost savings.
Continue the investment program initiatives to improve returns on investments.

KEY POINTS OF PROPOSED BUDGET:
Personnel: Increase due to impact of FY 24 step increases, pay plan market adjustment, and increased
benefits costs.
Increase for proposed Senior Accountant position.
Services: Reduction to allocate utility-related software fees to the Utility Fund.

KEY INDICATORS OF PERFORMANCE: FY 22-23 FY 23-24 FY 24-25
Actual Estimate Projection
Investment Quarterly Reports Issued 4 4 4
Number of checks issued 4618 4750 5000
Total invoices paid 7787 8000 8500
Purchase Orders issued 357 400 500
Percentage of payroll completed ontime 100% 100% 100%

City of Azle FY 2024-2025 Budget 88