File #: RES-09:190    Version: 1 Name: Policies for managing city finances
Type: Resolution Status: Passed
File created: 11/12/2009 In control: Finance & Administration Council Committee
On agenda: Final action: 11/17/2009
Title: A RESOLUTION TO ADOPT CERTAIN POLICIES FOR MANAGEMENT OF CITY FINANCES
Sponsors: Finance
Indexes: Policy - creation/amendment
Attachments: 1. Accounting, Auditing & Financial Reporting Policy, 2. Capital Improvements Policy, 3. Cash & Investments Management Policy, 4. Fixed Assets, Vehicles & Equipment Records Policy, 5. Fund Balance Reserves Policy, 6. General Financial Management Policy
Related files: MIN-09:125

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A RESOLUTION TO ADOPT CERTAIN POLICIES FOR MANAGEMENT OF CITY FINANCES

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WHEREAS, the maintenance of a worthwhile accounting and finance function is necessary to ensure that funds provided by the citizens of the City of Jonesboro and others are accounted and used responsibly; and

 

WHEREAS, City management desires to utilize policies to serve as guidance to City staff, and as a recognition of its responsibility;

 

NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF JONESBORO, ARKANSAS THAT:

 

Section 1: The attached policy, titled “Accounting, Auditing, and Financial Reporting Policy”, is hereby adopted.

 

Section 2: The attached policy, titled “Capital Improvements Policy”, is hereby adopted.

 

Section 3: The attached policy, titled “Cash & Investments Management Policy”, is hereby adopted.

 

Section 4: The attached policy, titled “Fixed Assets, Vehicles & Equipment Records Policy”, is hereby adopted.

 

Section 5: The attached policy, titled “Fund Balances Reserves Policy”, is hereby adopted.

 

Section 6: The attached policy, titled “General Financial Management Policy”, is hereby adopted.

 

PASSED and ADOPTED the 17th day of November, 2009.