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Finance Department FY2020 Proposed Budget Presentation May 8, 2019

Finance Department FY2020 Proposed Budget Presentation May 8, 2019. Tantri Emo Chief Business Officer/Director of Finance. Functional Org Chart. General Fund Fund 1000 $18,880,872 FTEs: 108.7. Functional Org Chart. Revolving Fund Fund 1002 $6,600,520 FTEs: 58.1.

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Finance Department FY2020 Proposed Budget Presentation May 8, 2019

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  1. Finance DepartmentFY2020 Proposed Budget PresentationMay 8, 2019 Tantri EmoChief Business Officer/Director of Finance

  2. Functional Org Chart General Fund Fund 1000 $18,880,872 FTEs: 108.7

  3. Functional Org Chart Revolving Fund Fund 1002 $6,600,520 FTEs: 58.1

  4. Finance Department Programming • Major Services The Finance Department’s mission is to safeguard the fiscal integrity of the City, its component units, and major services such as: • Budget & Forecasting, • Financial Reporting & Auditing, • Grants Management, • Disaster Recovery, • Treasury & Capital Management, • Procurement. • Any statutory requirements of service delivery • To ensure compliance with Texas tax code and proposition 1 + H, • To ensure continuance of Federal and State Grants, • To present a balanced budget in accordance with state law and City financial policies, • To ensure compliance on City procurements, which are governed by state and/ or Federal Law, City Ordinance/ Charter Administrative policies, including Executive Orders.

  5. Finance Department Programming (Cont’d) • Financial or societal impact of City service delivery • Procurement failure to perform, may impact service level by shuttering essential services due to loss of City functions, • Ensure delivery is met via timely accounts payable and procurement, • We provide City leaders with comprehensive financial analysis so they can make informed decisions on the allocation of financial resources that will ultimately impact all city services, • Mismanagement of debt service fund could result in defaulting of City debt. • Anticipated growth or reduction in populations served • Growth in demand is in direct correlation to increased department initiatives.

  6. Revenues By Funds($ in thousands) *Note - Others include: Other Fines & Forfeits, Direct Interfund Services, and Charges for Services

  7. FY2020 - Revenues Highlights General Fund Revenue: • FY2020 Budget for Property Taxes of $1,217,065,894 reflects an increase of $23,690,894 over FY2019 estimates of $1,193,375,000 • Based on Proposition 1 + H • FY2020 Budget for Sales Taxes of $694,567,000 reflects an increase of $9,867,000 over FY2019 estimates of $684,700,000

  8. Expenditures By Funds($ in thousands)

  9. FY2020 Personnel vs Non Personnel Fund 1000 FY2020 Proposed Budget $18,881,872 Non Personnel $4,918,138

  10. FY2020 Personnel vs Non Personnel Fund 1002 FY2020 Proposed Budget $6,600,520 Non Personnel $465,822

  11. FY2020 Expenditure Highlights & Budget Reductions – General Fund • FY2020 Expenditure Highlights • Provides funding for health benefits, pension contribution, and municipal employees contractual pay increases • Includes funding for health benefits and pension contributions and municipal employees contractual pay increases • Includes reductions of $443,841 FY2020 Budget Reductions - $443,841 • $151,409 – Eliminate two (2 FTEs) vacant, budgeted positions • 98,333 – Reduction in supplies & services • $103,694 – Downgrade vacant, budgeted positions • $90,425 – Reduction in contract services

  12. FY2020 Expenditure Highlights - Revolving Fund • FY2020 Expenditure Highlights • Provides funding for health benefits, pension contribution, and municipal employees contractual pay increases • Provides funding for financial, procurement, and accounts payable and receivable support to client departments within the City. Client departments include the Houston Fire Department, Fleet Management, Houston Information Technology Services, Houston Public Works, and General Services Department - Energy

  13. Questions?

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