Page 151 - CityofArlingtonFY26AdoptedBudget

General Fund

Finance Expenditures

Actual Budgeted Estimated Proposed
FY 2024 FY 2025 FY 2025 FY 2026
Administration $ 1,356,794 $ 795,413 $ 764,758 $ 884,586
Accounting 1,146,869 1,590,683 1,542,782 1,644,802
Purchasing 696,368 717,083 760,631 766,432
Treasury 2,263,548 2,944,704 2,948,163 2,944,046
Payroll / Payables 989,599 1,057,400 1,094,388 1,142,865
Office of Management and Budget 771,536 809,772 785,708 853,661
TOTAL $ 7,224,714 $ 7,915,055 $ 7,896,431 $ 8,236,392

Scorecard
Finance FY 2023 FY 2024 FY 2025 FY 2026
Key Measures Actual Actual Estimate Target
Debt service expenditures to total expenditures of
GF plus Debt Service (Net of Pension Obligation
Bonds) 16.98% 16.8% 16.8% 17.0%
Net tax-supported debt per capita (Net of Pension
Obligation Bonds) $1,253 $1,314 $1,313 $1,340
Net debt to assessed valuation (Net of Pension
Obligation Bonds) 1.40% 1.31% 1.29% 1.31%
Annual Comprehensive Financial Report with
"Clean Opinion" Yes Yes Yes Yes
GFOA Certificate for Excellence – Accounting Yes Yes Yes Yes
GFOA Certificate for Excellence – Budget Yes Yes Yes Yes
Rating agencies ratings on City debt Affirm & Affirm &
Upgrade Downgrade Affirm Affirm
Compliance with debt policy benchmarks 100% 100% 100% 100%
Maintain Texas Transparency Stars (6 Stars:
Traditional Finance, Contracts and Procurement,
Public Pensions, Debt Obligation, Economic
Development, and Open Government) 5 Stars 5 Stars 6 Stars 6 Stars
Annual percentage of best value awarded contracts 43% 40% 40% 40%
Annual procurement cycle from sourcing process to
contract execution < 120 days 97 days 136 days < 120 days < 120 days
Annual Percent of Supplier Payments Paid
Electronically 59% 71% 75% 75%
Actual Revenue Percent Variance from Estimate for
General Fund OMB Projected Revenues New Measure in FY 2025 1% < 0.6%

FY 2026 Proposed Budget and Business Plan 145 City of Arlington, Texas