The Department of Budget & Management (DBM) will develop a comprehensive Revenue Manual in order to:
Better understand the County’s financial condition-the forces that affect it and the obstacles associated with measuring it.
Identify existing and emerging financial problems
Develop actions to remedy these financial problems
Furthermore, the Hidalgo County Revenue Manual will include revenue forecasting methods and applicable narratives of revenue measurement and assumptions including enabling legislation for all County revenue sources. The Revenue Manual will serve as a financial planning tool for Commissioners Court and County departments/offices, similar to the budget document in order to understand, evaluate, and analyze the financial condition of Hidalgo County.
Major Project Activities:
Compile, analyze, and review revenue reports for all County revenue sources for a particular year being reviewed
Research enabling legislation for the collection of revenues for all County revenue sources
Develop revenue assumptions and applicable narratives for all County revenue sources
Develop comprehensive Revenue Manual
Evaluate revenue trends and make recommendations as to the financial condition of the County for Commissioners Court
Present to Commissioners Court completed Revenue Manual for approval.