Page 179 - CityofColleyvilleFY25AdoptedBudget
P. 179
Departmental Goals & Objectives - Finance
Goal 1: Ensure Fiscal Stability and Effective Financial Goal 2: Provide Transparent and Timely Financial
Management Repor ting
Objective 1.1: Maintain a General Fund available fund Objective 2.1: Publish the City's Annual
balance of at least 25% of annual operating Comprehensive Financial Report (ACFR) within 180
expenditures to ensure scal stability. days of scal year-end to enhance transparency and
Performance Measure 1.1.1: General Fund accountability.
available fund balance as a percentage of Performance Measure 2.1.1: Number of days
annual operating expenditures. from scal year-end to ACFR publication.
33.2% 165
Prior Year Actual (2023) Prior Year Actual (2023)
31.7% 170
Current Year Estimate (2024) Current Year Estimate (2024)
26.5% 170
Budget Year Target (2025) Budget Year Target (2025)
Objective 1.2: Achieve a clean audit opinion with no Objective 2.2: Increase the accessibility of nancial
signi cant ndings. information by providing monthly budget versus
Performance Measure 1.2.1: Number of audit actual reports to the City Council and making them
ndings and management letter comments. available to the public.
Performance Measure 2.2.1: Number of
0
monthly nancial reports published within 30
Prior Year Actual (2023)
days after the end of each quarter.
0
Current Year Estimate (2024)
12
Prior Year Actual (2023)
0
Budget Year Target (2025)
12
Current Year Estimate (2024)
12
Budget Year Target (2025)
City of Colleyville | Budget Book 2025 Page 179
