FINAL ADOPTED BUDGET FY2022-23

FINANCIAL & ADMINISTRATIVE SERVICES

Departmental Objectives  Provide quality and timely financial reports, services and products to all customers and partners.  Partner with the community by effectively informing citizens of financial information and maintaining good community relations.  Process mission critical services timely.  Ensure department staff is adequately trained and strive to match the department staff to the overall City population diversity.  Utilize available technology to improve processing of services and disseminating financial information.  Maintain or improve the City's financial environment by enhancing the ability to fund service and budget priorities, and manage financial resources in an efficient manner while promoting accountability for resource usage.

Performance Measures

Adopted 2022-23

Actual

Budget 2021-22

Projected 2023-24

2020-21

Effectiveness Measures  Tax-supported debt per capita

<$1,100

<$1,000

<$1,000

<$1,100

9%

9%

9%

9%

 Percent of minimum General Fund unassigned Fund Balance

AAA/AAA/AAA AAA/AA1/AAA AA+/AA1/AA+

AAA/AAA/AAA AAA/AA1/AAA AA+/AA1/AA+

AAA/AAA/AAA AAA/AA1/AAA AA+/AA1/AA+

AAA/AAA/AAA AAA/AA1/AAA AA+/AA1/AA+

 City general obligation bond rating

 Revenue bond rating

 Limited Obligation bond rating  Percent parking tickets collected  Percent miscellaneous billing collected  Percent assessments collected

75% 99% 80% 75% Yes

75% 99% 75% 95% Yes

75% 99% 75% 75% Yes

75% 99% 80% 75% Yes

 Percent Stormwater/Solid Waste (Cycle 8) Collected  GFOA financial reporting standard met

Budget Highlights: The FY 22-23 Adopted Budget is increasing by $256,235, or 6.8%.  The FY 22-23 budget includes the addition of one (1) FTE for a Financial Analyst.  The Procurement Services Division, which includes nine (9) existing FTE, will transfer to the General Services Department.  Administration of the Equipment Services Fund will be transferred to the new General Services Department.

Adopted 2022-23 Budget

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