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<br />Financial Stewardship <br />Financial stewardship, budget allocation, and policy are Council's foremost <br />responsibility. Council will schedule a quarterly workshop to provide needed oversight <br />and guidance on financial matters and strategic direction. All financial questions by <br />Council should be directed to Jim March. <br />To provide clarity in financial matters: <br />. 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 will be explained <br />. Two signatures are required on all checks except payroll and taxes <br />· 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 />. Fee schedules will be commensurate with service rendered. <br />. Review assessment fee schedules for consistent implementation <br /> <br />Council will adopt a preliminary budget by September 15 and all committees and staff <br />departments will provide preliminary estimates of need by August 15 each year. <br /> <br />Responsible leader: Council and City Administrator, City ClerklTreasurer <br />