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2008_0225_packet
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EXTRACT OF MINUTES OF MEETING OF THE <br />CITY COUNCIL OF THE CITY OF ROSEVILLE <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of <br />Roseville,, County of Ramsey, Minnesota was duly held on the 25th day of February 2008 at 6.-00 <br />p.m. <br />The following members were present.* <br />and the following were absent.- <br />Member introduced the following resolution and moved its adoption.- <br />RESOLUTION <br />RESOLUTION ADOPTING BUDGET AND FINANCIAL POLICIES <br />FOR THE CITY OF ROSEVILLE <br />WHEREAS,, the City Council of the City of Roseville, Minnesota desires to establish budget and <br />financial policies that provide for the sustainability of City programs, services and infrastructure, <br />and <br />WHEREAS,, the City Council of the City of Roseville, Minnesota desires to maintain the City's <br />strong financial condition; and <br />WHEREAS,, the City Council of the City of Roseville, Minnesota desires to provide appropriate <br />fiscal and budgeting controls. <br />NOW,, THEREFORE,, BE IT RESOLVED,, by the City Council of the City of Roseville, <br />Minnesota,, that the following budget and financial policies be adopted and remain in effect until <br />such time that a subsequent policy action is taken. <br />Operating Budget Policy <br />PMose <br />The purpose of the City's Operating Budget Policy is to ensure that the City's annual operating <br />expenditures are based on a stable stream of revenues. The policies are designed to encourage a <br />long-term perspective to avoid pursuing 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 />2 <br />
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