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Exhibit A ['I_£AS:ANTON. City of Pleasanton GENERAL FINANCIAL POLICIES The following Financial Policies are established to see that the City's finances are managed in a manner which will (1) continue to provide for the delivery of quality services, (2) maintain an enhance service delivery as the community grows in accordance with the General Plan, (3) guarantee a balanced budget annually assuring that the City is always living within our means, and (4) establish reserves necessary to meet known and unknown future obligations. To achieve these goals the following Financial Policies are presented which include General Policies, Revenue Policies, cost of Service Policies, Reserve Policies, Expenditure and Budgeting Policies, Debt Policies, and Capital Improvement Policies. A. GENERAL POLICIES • The City will manage its financial assets in a sound and prudent manner. • The City will maintain sound financial practices in accordance with State law, and direct its financial resources toward meeting the City's long -term goals. • The City will maintain and further develop programs to assure its long -term ability to pay all the costs necessary to provide the level and quality of service required by its citizens. • The City will maintain accounting systems in conformance with generally accepted accounting principles. • The City will establish and maintain investment policies in accordance with State laws that stress safety and liquidity over yield. 8. REVENUE POLICIES • The City will strive to maintain a diversified and stable revenue base that is not overly dependent on any land use, major taxpayer, revenue type, restricted revenue, inelastic revenue, or external revenue. • The City will aggressively pursue revenue collection and auditing to assure that moneys due the City are accurately received in a timely manner. • The City will seek Federal and State grants and reimbursements for mandated costs whenever possible. • The City will investigate potential new revenue sources, particularly those which will not add to the tax burden of residents or local businesses. • The City will work proactively with the League of California Cities and local communities to monitor legislation that may impact the City financially. • The City will avoid targeting revenues for specific purposes whenever possible. C -1