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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br />ALAMEDA COUNTY, CALIFORNIA <br /> <br />RESOLUTION NO. 90-131 <br /> <br />RESOLUTION ADOPTING FINANCIAL POLICIES FOR THE <br />CITY OF PT~ASANTON <br /> <br />WHEREAS, <br /> <br />the City Council of the City of Pleasanton desires to <br />demonstrate its leadership commitment to provide quality <br />services by adopting comprehensive financial policies; <br />and <br /> <br />WHEREAS, <br /> <br />the adoption of Financial Policies will assist the staff <br />and City Council view the City's Financial Management <br />from an overall, long-range vantage point; and <br /> <br />WHEREAS, <br /> <br />the adoption of Financial Policies contributes to the <br />credibility of and public confidence in the governmental <br />organization, and demonstrates to the credit rating <br />industry the city's commitment to sound financial <br />management and fiscal integrity; and <br /> <br />WHEREAS, <br /> <br />the adoption of Financial Policies creates a known <br />framework for proceeding with managerial and legislative <br />decision making for the provision of services to the <br />community; and <br /> <br />WHEREAS, <br /> <br />the adoption of Financial Policies directs the attention <br />of management and the Council to the city's total <br />financial condition and requires linking long-range <br />financial planning with day-to-day operations; and <br /> <br />WHEREAS, <br /> <br />the adoption of Financial Policies can improve the <br />city's fiscal stability and help forecast expenditures <br />for a two to three year period, creating a consistent <br />planning approach; and <br /> <br />WHEREAS, <br /> <br />the adoption of Financial Policies contributes to <br />continuity in managing the city's Financial Affairs. <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />RESOLVES AS FOLLOWS: <br /> <br />Section 1: <br /> <br /> The City Council adop%~ F~nanclal Policies for the <br />City of Pleasanton, as described in Attachment A which <br />is incorporated herein by this reference. <br /> <br /> <br />