Revenue & Finance

Fiscal Year 2022 Operating and Capital Budget

Department Finance Information

DEPARTMENT WEBSITE: https://www.tampa.gov/revenue-and-finance

VISION AND MISSION:

The Revenue and Finance Department is responsible for ensuring the City’s long-term fiscal sustainability by implementing sound budgetary accounting practices in accordance with established national standards. The department promotes financial stewardship and safekeeping of City assets and ensures sound relationships with adjoining governmental agencies and with the financial markets. The department continuously provides excellent financial support and consultant services to City departments.


GOALS AND OBJECTIVES:

  • The Revenue and Finance Department strives to maintain a healthy financial base that fully supports City services according to the following goals and objectives:
  • Maintain and improve financial management excellence: Maintain annual eligibility for the Government Finance Officers Association’s Distinguished Budget Presentation Award and Certificate of Achievement for Excellence in Financial Reporting;
  • Preserve financial soundness: Ensure compliance with secondary market disclosure requirements and maintain the City’s bond ratings to ensure optimal debt capacity and credit worthiness;
  • Maintain existing infrastructure and develop capabilities for long-term sustainability: Develop long-range capital improvement programs to meet infrastructure needs, now and in the future; and
  • Improve methods of operation: Strive to be as efficient, electronic, and paperless as possible, while environmental and fiscal challenges continue to develop.

CURRENT OPERATIONS AND INITIATIVES:

The department is divided into two primary functions: accounting and budget. The Accounting Division ensures that financial transactions are properly recorded in accordance with Generally Accepted Accounting Principles and that the City’s financial condition is presented fairly and accurately. The Budget Office develops and administers the budgeting process, so it represents a sound financial basis for planning, decision making, and implementing City programs and services.

Revenue & Finance

The City has been given awards below for Distinguished Budget Presentation for 38 years consecutively and the Excellence in Financial Reporting for 37 years consecutively.

An image depicting the City of Tampa FY2021 Distinguished Budget Presentation Award certificate from the Government Finance Officer's Association.
An image depicting the City of Tampa FY2020 Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officer's Association.

Accounting



This chart displays the aging buckets and amounts of past due receivables for the City of Tampa.


This chart displays the AP invoice count by month for the City of Tampa.


This chart displays the AP dollar amounts by month for the City of Tampa.

Budget Management



This chart displays the number of budget adjustments for a given fiscal year.


This chart represents the total amount of budget adjustments for a given fiscal year.


This chart displays the percentage of budget amendments of the revised budget.


This chart displays the number of consecutive Government Finance Officers Association (GFOA) budget awards.

Grants Management



This chart displays the number of grants submitted in a given fiscal year.


This chart displays the dollar amount of grants submitted in a given fiscal year.


This chart displays the number of grants awarded in a given fiscal year.


This chart displays the dollar amount of grants awarded in a given fiscal year.


This chart displays the number of new grant programs/grantors applied in a given fiscal year.


This chart displays the dollar amount of new grants programs/grantors applied in a given fiscal year.

Operating Budget Analysis

Revenues earned by this General Fund department do not fully fund the department’s operations. General revenues provide all funding.


Personnel Expenses increase from Revised FY2021 is due to increases in salaries, pension contributions, and healthcare costs.

Total Budget

Budgeted Position Counts