Page 65 - HaltomCityFY25Budget

City Of Haltom City Annual Budget, FY2025 General Fund

FINANCE

Mission Statement

The Finance Department is responsible for optimally managing the City’s resources through budgeting,
purchasing, management analysis and financial reporting in a transparent, accountable, and responsible
manner. The Director serves as the Chief Financial Officer of the City and acts as the primary contact
with Haltom City’s outside auditors, bond council, rating agencies and underwriters. Finance also provides
general supervision and oversight of all revenues and expenditures for the City and reporting compliance
with GASB.

Accomplishment of FY2024

• Receive an unmodified (clean) opinion on the Annual Comprehensive Financial Report (ACFR).
Maintain the high standard and level of financial reporting for obtaining the GFOA “Certificate of
Achievement for Excellence in Financial Reporting”.
• Maintain the high standard and level of the annual budget document for obtaining the GFOA
“Distinguished Budget Presentation Award”.
• Maintain and Monitor Revenues Fee Schedule, while also enhancing its readability.
• Maintain current vendor information to ensure accurate W2 distribution, as is legally required.
Monitor Hotel Motel Revenue collections through HDL and working in partnership with Permits to
ensure the City accurately receives fees and payments due.
• Transition Utility Billing to Incode system migrating billing, payment and customer data and then
centralizing the results accurately into the City’s ERP system called Munis for reporting and tracking
purposes.
• Pursuing the recovering of Bingo revenue by researching regulatory requirements, provide legal
standing and to establish a foundation for future collections.
• Transition the City from the manual budgeting process to an automated budgeting process to
enhance accuracy, streamline workflow and provide better insight.
• Continue cost-saving measures of maintaining record retention by contracting for digitizing City
records.
• Successfully contracted for the City’s janitorial services through an RFP ensuring a competitive and
transparent selection process.