Page 94 - CityofGrapevineFY25AdoptedBudget

FY 2024-25 APPROVED OPERATING BUDGET
General Fund
100-105 Fiscal Services

FOCUS AREA(S)
Financial Stability

Department Description
The Fiscal Services Department oversees the fiscal activities of the City and is responsible for maintaining financial
and accounting systems and to develop and maintain the annual operating budget. The department is also responsible
for maintaining a governmental accounting and budgeting system that provides full disclosure of accurate financial
information to both external and internal management. Core functions include accounts payable, accounts receivable,
budgeting, and financial reporting which includes the preparation of the ACFR (Annual Comprehensive Financial
Report). Other direct responsibilities include investments and cash management, debt issuance, financial policies, long-
range planning, administration of the City’s insurance programs, budget development and coordination, annual audit
preparation, rate and user fee review, banking, and other special projects Within the Fiscal Services Department in the
General Fund is the Administration, Accounting, Purchasing and the Municipal Court Division.

Mission Statement
The Fiscal Services Department is committed to be responsible for all financial aspects of the City.

FY24 Department Accomplishments
 Successfully worked with citizens, vendors, and staff to ensure the efficient operations and reporting of the
City’s financial resources.
 Planned the City’s Annual Budget and Capital Improvement Plan, and issued an Annual Comprehensive
Financial Report.
FY25 Department Goals and Objectives
 To continue to maintain financial and accounting systems.
 To continue to develop and maintain the annual operating budget.
 The department will also focus on the successful implementation of our new financial platform OpenGov.

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