To: Mark R. Hafner, City Manager
From: Aaron Rector, Director of Finance
Subject:
Title
Consider a resolution adopting and amending the City of Keller Fund Balance Policy as approved and recommended by the City of Keller Finance Committee.
Background:
As part of the annual Financial Management policy review, Council also reviews and, if needed, amends the Fund Balance Policy. The review helps ensure the policies are up to date and reflect best practices. The proposed revisions will clarify enterprise fund working capital.
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 Purchase 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.