Adopted Budget FY 2018-2019

General Fund
Finance
www.mcallen.net/departments/finance
Mission
Statement:
"The Finance
Department's Mission
Statement is to provide
accountability to the
public for the resources
which have been
provided to the City in
a transparent manner."
Department Summary
Actual Adj. Budget Estimated Budget
Expenditure Detail: 16-17 17-18 17-18 18-19
Personnel Services
Salaries and Wages $ 825,978 $ 861,170 $ 845,234 $ 854,422
Employee Benefits 201,639 218,911 218,911 223,844
Supplies 18,853 19,260 19,260 19,260
Other Services and Charges 140,149 165,847 147,870 206,817
Maintenance 34,178 37,656 37,420 37,656
Operations Subtotal 1,220,797 1,302,844 1,268,695 1,341,999
Capital Outlay 77 3,000 3,334 5,000
Total Expenditures $ 1,220,874 $ 1,305,844 $ 1,272,029 $ 1,346,999
PERSONNEL
Exempt 4 4 4 4
Non-Exempt 14 15 15 15
Part-Time 1 1 - -
Total Positions Authorized 19 20 19 19
Contact Us:
MAJOR FY 18-19 GOALS
Susan Lozano, CPA 1.) Transition new external auditors with City processes, procedures, and departments, for a
Finance Director timely completion of the annual audit.
1300 Houston Avenue 2.) Continue the plan of succession.
McAllen, TX 78501 3.) Implement GASB Standard 75.
(956) 681-1080 4.) Cross train staff to ensure accuracy and timely financial reporting: CAFR, Fixed Assets, GP, and Payroll.
Description:
The Finance
Department is
responsible for
accounting, financial
reporting, as well as
debt management and
participates in the
treasury / investment
program. The
accounting function
includes cash receipts,
billing, accounts
receivable, accounts
payable, payroll, capital
assets and general
accounting.
Performance Measures
Inputs:
Actual Goal Estimated Goal
FY 16-17 FY 17-18 FY 17-18 FY 18-19
Number of full time employees 18 19 19 19
Department Expenditures $ 1,220,874 $ 1,305,844 $ 1,272,029 $ 1,346,999
Outputs:
Prepare CAFR Yes Yes Yes Yes
Funds maintained 73 75 72 74
Mid-year & Annual financial reviews Yes Yes Yes Yes
Prepare financial presentation for credit
rating agency reviews
Yes Yes Yes Yes
Manage debt $ 270,155,000 $ 266,974,000 $ 302,979,000 $ 302,979,000
Effectiveness Measures:
GFOA's CAFR Award Yes Yes Yes Yes
Maintain/improve credit ratings S&P/FR S&P/FR S&P/FR S&P/FR
General Obligation Bonds AA+/AA+ AA+/AA+ AA+/AA+ AA+/AA+
Bridge Revenue Bonds A/A A/A A/A A/A
Sales Tax Revenue Bonds AAA/N/R AAA/N/R AAA/N/R AAA/N/R
Efficiency Measures:
Monthly turn-key cost to manage all
financial affairs of City per fund
$ 1,394 $ 1,451 $ 1,472 $ 1,517
Department expenditures per capital $ 8.54 $ 8.99 $ 8.76 $
9.12
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