Financial Policies

These policies have the following objectives for the City’s fiscal performance:

• Guide City Council and Management Policy decisions.

• Establish operating principles that minimize the cost of government and financial risk.

• Maintain revenue policies that ensure adequate funding for desired programs, currently, as well as in the future.

• Promote sound financial management by providing accurate and timely reporting information on the financial condition of the City.

• Protect the City’s credit rating and provide for adequate resources to meet the provision of any debt incurred by the City.

• Ensure the legal use of financial resources through an effective system of internal controls.

• Promote cooperation and coordination with other governments and the private sector in the financing and delivery of services with the goal of obtaining the best value for the tax dollar.