HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM
FILE ID: /f — CO l 7 Co
Date: 8/19/2011
Commission Meeting Date: 9/15/2011
Requesting Department: Finance
District Impacted: A11
Type: [ Resolution N Ordinance n Emergency Ordinance n Discussion Item
❑ Other
Subject: Modifying the Finance/Financial Policies/Financial Integrity Principles
Purpose of Item:
Law Department
Matter ID No.
Amending Chapter 18/ Article IX/Division 2 entitled "FINANCE/FINANCIAL POLICIES/FINANCIAL
INTEGRITY PRINCIPLES" by modifying the Financial Integrity Principles to increase the amount of
time the City has to adopt a plan to achieve the prescribed level of reserve funds.
Background Information:
The City of Miami ("City") recognizes it has made improvements in its financial position through
adherence to financial "best practices". The City has formalized a series of financial principles, many
of which are currently utilized by the City, which will serve as the basis for governing the City's
finances in the future. The City desires to modify the Financial Integrity Principles to increase the
amount of time the City has to adopt a plan to achieve the prescribed level of reserve funds.
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 receivin ; capitalfund"s
Grants Risk Manageme
Purchasing Dept. Direct
Chief City Manage