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Operating Budget Policy <br />Purpose <br />o <br />"% of the City's OperatilIg Buduct Poficy is to ensure that the City's are. -mal operatina <br />t) t:� <br />expenditures are based on a stable stream of revenues, The policies are designed to encourage a <br />long-term perspective to avoid purSU.Ing short-term benefits at the expense of future impacts. <br />The intent of this policy is to enable a sustainable level of services, expenditures, and property <br />tax levies. <br />Scope <br />This policy applies most critically to those pro ogran-is funded through the property tax., as <br />fluctuations in this revenue source can have substantial in'lpacts. <br />- ---- ------------ __ <br />LI The City will pay for all current expenditures with current revenues, The City will <br />a id budgetary procedures that balance currcnt expenditures at the expense of meeting <br />future years' expenses. Specifically, accruing future year's revenues shall be prohibited. <br />I.. ]I- <br />Praellices 11[o be avoided it postponing eXpel-1LI/Catures, ro, ing over short-term debt, <br />and using reserves to balance the operating budget <br />The operating budget will provide for adequate maintenance of capital plant and <br />equipmerit, and for their orderly replacement. <br />D A proportionate share of the administrative and general government costs incurred by <br />the general o eratina fund of the City shall be borne by all funds as is practicable. Such <br />P t: <br />administrative charges shall be predetermined and budgeted annuall <br />t7l 4:) Y <br />:3 New programs or proposals shall be reviewed in detail by City staff and both a policy <br />and fiscal analysis shall be prepared prior to budgetary inclusion, and provided to the <br />City Council for 4s review <br />71 A request for a program or service expansion or reduction must be supported by an <br />analysis of public policy implications of the change <br />LI A request for new personnel must be supported by an analysis demonstrating the need <br />for the position based on workload measures, comparative staffing levels, and City and <br />department priorities <br />Lj A request for purchase of new (additional) capital equipment must be supported by an <br />4 <br />analysis demonstrating that the value of the benefits of the equi - pment is greater than the <br />cost of the equipment over its expected life <br />❑ As specified under City Code section 103.05 all general purchases and/or contracts in <br />excess of $5,000 must be separately approved by the Council <br />11 <br />