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Departmental Goals and Objectives

Goal 1: Ensure Fiscal Stability and Effec tive Financial Management

Objec tive 1.1: Maintain a General Fund available fund balance of at least 25% of annual operating expenditures to
ensure {scal stability.

Performance Measure 1.1.1: General Fund available fund balance as a percentage of annual operating
expenditures.

Prior Year Ac tual (2024) 30.0%
Current Year Estimate (2025) 27.5%
Budget Year Target (2026) 25. 8%
Objec tive 1. 2: Achieve a clean audit opinion with no signi{cant {ndings.

Performance Measure 1. 2 .1: Number of audit {ndings and management letter comments.

Prior Year Ac tual (2024) 0
Current Year Estimate (2025) 0
Budget Year Target (2026) 0

Goal 2: Provide Transparent and Timely Financial Repor ting

Objec tive 2 .1: Publish the City's Annual Comprehensive Financial Repor t (ACFR) within 180 days of {scal year- end to
enhance transparency and accountability.

Performance Measure 2 .1.1: Number of days from {scal year- end to ACFR publication.

Prior Year Ac tual (2024) 156
Current Year Estimate (2025) 170
Budget Year Target (2026) 170

Objec tive 2 . 2: Increase the accessibility of {nancial information by providing monthly budget versus actual repor ts to
the City Council and making them available to the public .

Performance Measure 2 . 2 .1: Number of monthly {nancial repor ts published within 30 days after the end of
each quar ter.

Prior Year Ac tual (2024) 12
Current Year Estimate (2025) 12
Budget Year Target (2026) 12

FY 2025-2026 Annual Budget | Colleyville Page 118