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File #: 16-433    Version: 1
Type: Consent Status: Approved
File created: 8/22/2017 Meeting Body: City Council
On agenda: 9/5/2017 Final action:
Title Search: Consider a resolution adopting and amending the City of Keller Financial Management Policy as approved and recommended by the City of Keller Finance Committee.
Attachments: 1. 090517_Fin Mgmt Policy Resolution 3916, 2. 090517_Fin Mgmt Policy 2017 Prop, 3. 090517_Fin Mgmt Policy 2017 Prop Red-Line

To:                     Mark R. Hafner, City Manager

From:                     Aaron Rector, Director of Finance

Subject:                     

Title

Consider a resolution adopting and amending the City of Keller Financial Management Policy as approved and recommended by the City of Keller Finance Committee.

Body

 

Action Requested:                     

Consideration of approval of the proposed resolution as presented.

 

Background:                     

As required by the Financial Management policy, Council reviews and, if needed, amends the financial policies annually.  The review helps ensure the policies are up to date and reflect best practices.  The proposed revisions will better define non-operating funds, and make minor format and verbiage changes. 

 

Budget Impact:                     

Not applicable.

 

Financial Considerations:

Not applicable.

 

Citizen Input/Board Review:                     

The City of Keller Finance Committee reviewed and approved the proposed revisions to the Financial Management Policy at their meeting on August 22, 2017.

 

Legal Review:                       

Not applicable.

 

Alternatives:                     

City Council has the following alternatives:                       

-                     Approve as submitted

-                     Approve with changes

-                     Denial

 

Council Action:                     

Staff recommends approval of the proposed resolution as presented.