Laserfiche WebLink
Department Approval: <br />� �' �� <br />REQUEST FOR COUNCIL ACTION <br />Manager Approved: <br />Item Description: Discussion on Budget Policies <br />Date: 612012006 <br />Item No:1 � , <br />Agenda Section: <br />�tat� 1���;orts <br />Introduction <br />At the May 15, 2006 City Council meeting, the Council revised a budget-related goal statement <br />that had been identified at a previous goal-setting meeting. The revised goal is as follows: <br />Establish a long-term financial plan that provides for the sustainability of City <br />programs, services, and inf�as%uctu�e while maintaining the City's strong <br />financial condition, and which provides for the necessary budgeting controls <br />under a streamlined budgeting process. <br />Within this goal statement, the Council expressed a desire to revisit the City's budget policies. <br />The City's budget-relatedpolicies include: <br />a) <br />b) <br />c) <br />d) <br />e) <br />� <br />Operating budget policy <br />Capital improvement poiicy <br />Debt policy <br />Revenue policy <br />Asset replacementpolicy <br />Cash Reserve policy <br />Each of these budget policies are presented below in their current form. <br />Request for Council Action <br />The Council is asked for feedback on any necessary modifications to the attached budget policies <br />