Laserfiche WebLink
City of <br />��� <br />� �. <br />3�,����„�a, c���� <br />Operating Budget Policy <br />Pumase <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 />�ong-term perspective to avoid pursuing short-term benefits at the ex�e�se of future iis��a��.t� <br />�r���r�_ The intent �f thi� policy � i: �� � enable a sustainable � level of services, <br />expenditures, and property tax levies. <br />Scope <br />Thi � ese policy � applics � most critically to those programs funded through the property tax, a� <br />����:e- i�� �•,:.' �r: `� ��, �,' `•• s'�-'��lt fluctuations in this revenue source can have substantial <br />impacts. <br />�a r�l� <br />❑ The City will pay for all current expenditures with current revenues. The City will <br />avoid budgetary procedures that balance current expenditures at the expense of ineeting <br />future years' expenses. Specifically, accruing future year's revenues shall be prohibited. <br />Practices to be avoided include postponing expenditures, rolling over short-term debt, <br />and using reserves to balance the operating budget <br />* Comment " Cont�a�y to this policy, the City has �elied on the use of <br />�ese�ves to plug the budgetgap in 2 of the last 3 annual budget yea�s <br />C� The budget will provide for adequate maintenance of capital plant and equipment, and <br />for their orderly replacement <br />" Comment " Cont�a�y to this policy, the City does NOT have the <br />necessa�y funding mechanisms in place to �eplace �'f City assets at the <br />end of thei� useful lives. This has necessitated �eplacement defe��als and <br />a gene�al �eliance on one-time monies <br />Q A proportionate share of the administrative and general government costs incurred by <br />the general operating fund of the City shall be borne by all funds as is practicable. Such <br />administrative charges shall be predetermined and budgeted annually <br />❑ New programs or proposals shall be reviewed in detail by City staff and both a policy <br />and fiscal analysis shall be prepared prior to budgetary inclusion, and provided to the <br />City Council for �s review <br />C� A request for a program or service expansion or reduction must he supported by an <br />analysis of public policy implications of the change <br />�-- <br />