Annual_Budget_1993_001 - Laserfiche WebLink

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OP�TZHG BOD6ST POI.ICIHS ' �.'� To ensure the City's annual operating expenditures are determined based on a atable atream of expenditures. The policies are designed to encourage a long-term perspective to avoid pureuing short-term benefits at the expense of future problems. The policies will enable a stable level of services, expenditures, and tax levies. �� These policies appl through the property with fluctuations in .� y most critically to those proqrams funded tax, because it is most difficult to deal this revenue source. 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 ineeting future years' expenses. Specifically, accruing future year's revenues shall be prohibited. Specific practices to be avoided include postponing expenditures, rolling over short- term debt, and using reserves to balance the operating budget. The budget will provide for adequate maintenance of capital plant and equipment, and for their orderly replacement. . A proportionate share of the Administrative and General Government 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. New programs or proposals shall be reviewed in detail by City staff, and both a policy and fiscal analysis shall be pre- pared prior to budgetary inclusion, and provided to the City Council for its review. A request for a proqram or service expansion or reduction must be supported b�. an analysis of public policy implica tions of the change. A request for new personnel must be supported by an analy- eis demonstrating the need for the position based on work- load measures, comparative staffinq levels, and department priorities. A request for purchase of new (additional) capital equipment must be Bupported by a net present value analysis demonstratinq the present value of the 22