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Fiscal Policies Introduction The following set of fiscal policies provides a framework to guide the City’s budget and financial planning. Each policy includes a Purpose, Policy, and an Implementation section. The Purpose section describes the intent of the policy. The Policy section describes the policy itself. The Implementation section provides a way to evaluate the City’s progress toward carrying out the policy. The policies are separated into three distinct categories: Citv Policies-These policies apply to general directions and methods, which may not specific to the budget but do have an ultimate impact on the process since the budget is a reflection of the Council’s community goals and priorities. Budget Policies-These policies are more typically directly related to budgeting guidelines and specific details. City may have special programs, which require specific policies not normally covered in the previous categories but have significant impacts on the annual budget. As part of the process, the Council formally adopts these policies each year at the time of the final budget approval.