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<br />Goal 7 Financial Stewardship <br />Financial stewardship, budget allocation, and policy are Council's foremost <br />responsibility. Council will schedule one workshop each month to provide needed <br />oversight and guidance on financial matters and strategic direction. <br />To provide clarity in financial matters: <br /><l9 Staff will ensure timely payment of all bills without exception <br />@ The account which is being expensed will be shown on all checks <br /><\) The purpose of the expense or fund transfer wi!! be explained <br />$ Two signatures are required on all checks except payroll and taxes <br />4J Activity in all fund accounts will be listed monthly for presentation to Council <br />@ The General Fund Reserve will be listed as a budget item and maintained at 50% of <br />projected General Fund expenditures. <br /><ill Fee schedules wi!! be commensurate with seniice rendered. <br /> <br />Council will adopt a preliminary budget by September 15 and all committees and staff <br />departments will provide preiiminaPJ estimates of need by August 15 each year. <br />Respo!1sabije le~der: Council and City Administrator, City Clerk/Treasur'sr <br />