RES 97057 - Laserfiche WebLink

City of Pleasanton GENERAL FINANCIAL POLICIES DRAFT revisions dated May 1, 1997 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 and 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, B~geKvag-m~Expendimre and budgeting Policies, Debt ~ Policies, and Capital Improvement Policies. A. GENERAL POLICIES o The City will manage its financial assets in a sound andprudent manner. The City will maintain sound~nancial practices in accordance with State law, and direct its financial resources toward meeting the City~ 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. i~,.B. REVENUE POLICIES · The City will t~, strive to maintain a diversified and stable revenue ~ base 4o pro acti:'e l~d uae and zoning. 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 ~ r-~i~qt~4tr-o~ 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.