Performance Measurement Review October, 2017 Treasurer Performance Measurement Review October, 2017
Presentation Overview Alignment with Board Priorities Key Performance Metrics Significant Accomplishments Key Collaborations A Look Ahead Treasurer
Priority Alignment Stable Revenues Kent County will have stable and predictable revenues to cover expenses. The mission of the office of the County Treasurer is to collect lodging and delinquent real property taxes and manage all County funds within relative laws, regulations, policies and community standards. Treasurer
Percentage of eligible real estate taxes collected To collect delinquent real property taxes in accordance with methods prescribed by state statute. To receive and account for 100% of delinquent real property taxes collected. Percentage of eligible real estate taxes collected 100% 100% 100% 100% Treasurer
To collect all lodging taxes due the County. To audit at least 25% of all eligible establishments annually. Percentage of all eligible establishments audited annually 25.00% 22.73% 23.86% 25.00% Treasurer
Percentage of investment principal preserved To invest funds entrusted to the Office of the County Treasurer in accordance with investment policies. To preserve 100% of investment principal. Percentage of investment principal preserved 100% 100% 100% 100% Treasurer
Percentage of investment principal preserved To invest funds entrusted to the Office of the County Treasurer in accordance with investment policies. To preserve 100% of investment principal. Percentage of investment principal preserved 100% 100% 100% 100% Treasurer
Percentage of investment principal preserved To invest funds entrusted to the Office of the County Treasurer in accordance with investment policies. To realize investment income for the general fund annually. Percentage of investment principal preserved $262,239 $341,287 $524,165 $600,000 Treasurer
The work of the Treasurer’s office helped to maintain Kent County’s AAA credit rating. In addition to the thousands of dollars saved by Kent County and the many local units that borrow money under the rating, it sends a clear message to our taxpayers, community and future stakeholders that Kent County is very well managed. Treasurer
Local Government Investment Pool All 35 local units for tax collection Animal shelter for dog licensing Treasurer
A Look Ahead Implementation of credit card security protocols Acceptance of online credit card payments for delinquent real taxes Continued growth in number of hotels may lead to increased staffing needs. Treasurer