HomeMy WebLinkAboutSummary Form SRSecond Reading Ordinance
AGENDA ITEM SUMMARY FORM
FILE ID: 05-_ C6131
Date: 8/4/2005 Requesting Department: Finance
Commission Meeting Date: 9/8/2005 District Impacted: All
Type: ❑ Resolution ® Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Amending the Financial Integrity Principles
Purpose of Item:
It is respectfully recommended that the City Commission adopt the attached ordinance amending the
Financial Integrity Principles. The Principles require the City to review and update the Principles as
necessary. The attached amendment was reviewed and approved by Linda Haskins, Deputy City
Manager/CFO, Larry Spring, Chief of Strategic Planning, Budgeting & Performance, Victor Igwe,
Auditor General, and Scott Simpson, Finance Director.
Background Information:
With passage of the Anti -Deficiency Act (Ordinance 11727), the City began the process of setting
into law the framework to prevent another financial crisis through use of its own municipal home rule
powers by adopting financial "best practices" principles to serve as the basis for governing the City's
finances in the future.
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants Risk Managemen
Purchasing Dept. Director ,
Chief)0Z City Manager
Page 1 of 1