SERVICE LEVELS
FY 2025 Target
FY 2022 Actuals
FY 2023 Actuals
FY 2024 Actuals
Quantifiable Factor(s)
Activity Demand/Workload 1. Average investment portfolio balance 2. Average Daily Bank Balance (Collected) 3. Bank Activity Reviewed Daily 4. Finance Committee Meetings Held 5. Number of Payroll payments processed
$140,038,258 $154,895,478 $166,221,463.50
$150,000,000
$500,000
$500,000
$500,000.00
$250,000
N/A N/A
N/A N/A
N/A N/A
Daily review
12
12,588
12,467
11,951
N/A
6. Total Property Tax Levy
$38,180,773
$42,990,070
$47,973,268
$52,935,857
7. Number of Investments within the City's Portfolio
N/A N/A
N/A N/A
N/A N/A
$10
8. Internal Audit Reviews
4
9. Debt service payments made, arbitrage calculations performed, and all Efficiency/Effectiveness Measures 1. Percentage of available funds invested 2. Average Portfolio yield 3. % of invoices paid within 30 days of receipt in Accounts Payable 4. Percentage of payroll payments that had to be adjusted or corrected manually 5. Percentage of current Tax Levy Collected within FY 6. # of employees with professional certifications 7. Awarded Government Finance Officers Association's (GFOA) Certificate of Achievement for Excellence in Financial Reporting Award
N/A
N/A
N/A
FY 2022 Actuals
FY 2023 Actuals
FY 2024 Actuals
FY 2025 Target
99.6%
99.0%
99.0%
99.0%
0.98%
4.53%
5.19%
4.00%
0.15%
0.10%
1.00%
<1%
98.57%
98.59%
98.66%
98.00%
2
2
2
4
Yes
Yes
N/A
Yes
145
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