2011 Approved Budget - Laserfiche WebLink

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.... ...... pmose The purpose of the City's Operating Budget Policy is to ensure that the City's annual operating expenditures are based on a stable stream of revenues. The policies are designed to encourage 2 long-tenn perspective to avoid pursuing short-term benefits at the expense of future impacts. The intent of this policy is to enable a sustainable level of services, expenditures, and property tax levies. Scope T'his policy applies most critically to those programs funded through the property tax, as fluctuations ii this revenue source can have substantial impacts. Iasi U The City will pay for all current expenditures with current revenues. The City will avoid budgetary procedures that balance current expenditures at the expense of meeting fature years' expenses. Specifically, accruing future year's revenues it be prohibited. Practices to be avoided include postponing expenditures, rolling over short-term debt, and using reserves to balance the operating budget U The operating budget will provide for adequate maintenance of capital plant and equipment, and for their orderly replacement. Q A proportionate share of the admim'strative and general govenim - ent costs 'incurred by the general operating fund of the City shall be borne by all funds as is practicable. Such administrative charges shall be predetermined and budgeted annually U New programs or proposals shall be reviewed in detail by City staff and both a policy and fiscal analysis shall be prepared prior to budgetary inclusion, and provided to the City Council for its I review 9 LJ A request for a program or sem1ce expansionOr Teduction must be supported by an analysis o public policy implications of the change I Q A request for new personnel must be supported by an analysi's demonstrating the need for the position based on workload measures, comparative staffing levels, and City and department priorities U A request for purchase of new (additional) capital equipment mustbe supported by an analysis demonstrating that the value of the benefits of the equipment is greater than the cost • the equipment over its expected life L3 As specified under City Code section 103.05 all general purchases and/or contracts in excess o $5,,000 must be separately approved by the Council I.M.