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HomeMy WebLinkAbout2001-161-11/20/2001-REPEALING RESOLUTION 99-46 AND ADOPTING AN AMENDMENT TO THE FINANCIAL MANAGEMENT POLICIES RESOLUTION 2001-161 OF THE COUNCIL OF THE CITY OF FORT COLLINS REPEALING RESOLUTION 99-46 AND ADOPTING AN AMENDMENT TO THE FINANCIAL MANAGEMENT POLICIES WHEREAS, City Council has adopted certain Financial Management Policies for the City pursuant to Resolution 94-174; and WHEREAS, Resolution 94-174 states that the Council may adopt amendments to those City's Financial Management Policies; and WHEREAS, by the adoption of Resolution 99-46, the City Council established certain specific principles for budget planning,which principles were later incorporated into the Financial Management Policies through the adoption of Resolution 99-134; and WHEREAS, said principles for budget planning include a list of"Primary Services"as such services are defined therein; and WHEREAS,the current list of Primary Services includes the provision of streets in the City; and WHEREAS, the Council believes that the term "streets" should be changed to the term "transportation" so that the provision of all forms of transportation will be viewed, for budget planning purposes, as a Primary Service; and WHEREAS, accordingly, Transfort should be deleted from the current list of Secondary Services in said principles, since Transfort is a form of transportation which would be included as a Primary Service by reason of the above referenced amendment; and WHEREAS, because the principles for budget planning have been incorporated into the Financial Management Policies; and said principles may be subject to additional future modifications, it is advisable to repeal Resolution 99-46, so that any future amendments to the principles of budget planning need be made only to the Financial Management Policies themselves and not to Resolution 99-46. NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That Section 1.6 of the City's Financial Management Policies, entitled Principles for Budget Planning, are hereby amended as shown on Exhibit "A" attached hereto and incorporated herein by this reference, so that the list of Primary Services shown in paragraph D thereof includes the term"transportation"rather than"streets",and so that"Transfort"is eliminated from the list of Secondary Services shown in paragraph E thereof. Section 2. That Resolution 99-46 is hereby repealed. Passed and adopted at a regular meeting of the City Council helq this 20th day of November, A.D. 2001. Mayor — _> ATTEST: City Clerk EXHIBIT "A" 1 .6 PRINCIPLES FOR BUDGET PLANNING The City provides a wide variety of services to the residents of the community. It is the responsibility of City Council to adopt a budget and manage the available resources to best meet the service needs for the overall good of the community. To aid in planning for the allocation of resources to meet the good of the whole community, Council adopted Resolution 99-46 that set forth the Principles for Budget Planning. Those Principles as adopted by Council are as follows. a. The City should strive to attain the lowest possible interest rates on debt in order to minimize the cost to taxpayers and users of City services. b. The City should maintain adequate reserve levels to ensure minimal loss of service to the community should there be unforeseen reductions in revenues or a catastrophic occurrence. C. Employees of the City are a valuable resource in providing services to the community, and a compensation policy should be maintained for City employees that reflects the value of attracting and retaining quality employees. d. Primary services are those services that are necessary for the good of the entire community. They are basic to the safety, health, and welfare of the community, and the allocation of all resources necessary for the provision of primary services is the first priority in budget preparation. Primary services are Police Water Wastewater Fire Streets Transportation Stormwater Building Inspection Electric Natural Resources Development Review Engineering Affordable Housing Facilities Maintenance Pedestrian Access (all public facilities including parks) e. Secondary services are those services that enhance the quality of life of the residents and to many, increase the value of living and working in the community. While the value of secondary services is recognized, the allocation of resources to those services shall be considered only after the necessary allocation has been made to fund primary services. Secondary services are Recreation T-Fan6f84 Neighborhood Resources Performing Arts Human Rights Library Cemeteries Golf Human Services Contract Airport Parks Natural Areas Museum f. Support services provide the management, guidelines, and operational assistance to carry out the provision of primary and secondary services. Resources should be allocated to support services to support the level and quality of primary and secondary services expected and desired by the community. Support services are General Administration Finance Legal Budget Human Resources City Clerk Clerical Support Fleet Management Information Technology Geographic Information Systems g. No new services, other than those identified as primary services, shall be undertaken by the City until all existing primary, secondary, and support services have received a sufficient level of funding to meet the needs of the community. h. Any adjustment to the existing budget shall take into account the effect that such adjustment would have on future budget resources.