§ 2-236. Purpose and objective.

(a)

The city has a responsibility to carefully account for public funds, to manage municipal finances wisely, and to plan for the provision of public services. Sound financial policies are necessary to carry out these objectives responsibly and efficiently.

(b)

The city's financial policies set forth below are the basic framework for its overall financial management. These policies incorporate long-standing principles and traditions that have served the city well in maintaining a sound and stable financial condition.

(c)

The broad purpose of the following financial policies is to enable the city to achieve and maintain a long-term positive financial condition. The key values of the city's financial management include fiscal integrity, prudence, planning, accountability, honesty, and openness. Specifically, the purpose is to provide guidelines for planning, directing, and maintaining day-to-day financial affairs.

(Ord. of 4-8-03(1), § [I])