HomeMy WebLinkAbout1999-134-11/02/1999-ADOPTING AN AMENDMENT TO THE FINANCIAL MANAGEMENT POLICIES RESOLUTION 99-134
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ADOPTING AN AMENDMENT TO THE FINANCIAL
MANAGEMENT POLICIES
WHEREAS,City Council has adopted Financial Management Policies for the City pursuant
to Resolution 94-174; and
WHEREAS, Resolution 94-174 provides that the Council may adopt amendments to the
City's Financial Management Policies; and
WHEREAS,Council previously adopted Resolution 99-46 that established the Principles for
Budget Planning; and
WHEREAS, Resolution 99-46 directed that the City's Financial Management Policies be
amended to incorporate the Principles for Budget Planning therein; and
WHEREAS, the City is committed to sound and efficient financial planning and
management; and
WHEREAS, the proposed amendment to the Financial Management Policies establishes
guidelines for sound and efficient financial planning and management, and reflect current
requirements and laws that apply to the City's financial activities; and
WHEREAS, the City Council wishes to adopt this amendment to the City's Financial
Management Policies in pursuit of its objective of sound and efficient financial planning and
management.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the Council hereby adopts the amendment to the City's Financial
Management Policies attached hereto as Exhibit "A" and incorporated herein by this reference.
Section 2. That the amendment to the Financial Management Policies adopted by the
passage of this Resolution shall be included as part of the said Policies and those Policies shall
hereafter remain in effect until the same are amended or repealed by subsequent action of the City
Council.
Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this
2nd day of November, A.D. 1999.
Mayor
ATTEST:
1
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 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 Transfort 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.