FY2022 Adopted Operating and Capital Budget

FY2022 Adopted Budget Organizational Budgets

Finance Division

Strategic Goals

County Strategic Goal Alignment: Protect the financial resources of the County through prudent fiscal management Good Governance Maintain AAA bond rating by all three major rating agencies (Moody's, Standard and Poor's and Fitch)

FY 2019 FY 2020 FY 2021 FY 2022

County Bond Rating

Target Actual

3 3

3 3

3 3

3

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Meet all statutory, regulatory and external mandates for timely, accurate, and comprehensive reporting

FY 2019 FY 2020 FY 2021 FY 2022

Number of findings.

Target Actual

0 0

0 0

0 0

0

--

A clean opinion from outside auditors measures the reliability, integrity and accuracy of the information presented in reports prepared by staff in the Accounting Department.

Gain efficiencies through technology. Reduce postage costs and decrease the amount of staff time necessary to process and manage checks by increasing the number of disbursements made electronically.

FY 2019 FY 2020 FY 2021 FY 2022

% of disbursements made electronically (new for FY22)

Target Actual

N/A

N/A

N/A 48.10%

42.40% 43.83% 46.63%

--

Process revenue payments promptly, accurately and as efficiently as possible to provide timely availability of funds to the government agencies for which taxes are collected

FY 2019 FY 2020 FY 2021 FY 2022

Revenue Collection Cost Ratio (operating expenses/revenue collected) (new for FY22)

Target Actual

N/A

N/A

N/A 0.100%

0.095% 0.093% 0.083%

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