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Title:
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RESOLUTION NO. 2198 - FINANCIAL MANAGEMENT POLICIES
COUNCIL INITIATIVE ADDRESSED:
Continue effective financial management
CITY ATTORNEY REVIEW: Required
SUMMARY STATEMENT:
Adequate reserve levels are a necessary component of the City’s overall financial management strategy and a key factor in external agencies’ measurement of the City’s financial strength. Because a fiscally sound city government is in the best interest of citizens of the City of Longview, Resolution No. 2198 and Attachment “A” - the Financial Management Policy Document are being recommended as the guiding management principles which are to be applied in the management of the City’s finances.
RECOMMENDED ACTION:
Motion to adopt Financial Management Policy Resolution No. 2198.
STAFF CONTACT:
Kurt Sacha, Finance Director and Assistant City Manager
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