HomeMy WebLinkAboutReso 92-050 - Establishing & Adopting a policy entitled "Fiscal Impact Statements" requiring a fiscal impact statement to accompany every major proposal considered by City Council I
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
ESTABLISHING AND ADOPTING A POLICY ENTITLED "FISCAL
IMPACT STATEMENTS," REQUIRING A FISCAL IMPACT STATEMENT
TO ACCOMPANY EVERY MAJOR PROPOSAL CONSIDERED BY CITY
COUNCIL.
WHEREAS, the City Council of the City of Redding is charged
with the responsibility of establishing municipal policies to
guide the various functions of the City and, where necessary, to
establish procedures by which functions are performed; and
WHEREAS, regulatory policies established by the City Council
are usually adopted by Ordinance and included in the Municipal
Code. However, other policies are also established, which by
their nature do not require adoption by Ordinance; these policy
statements , adopted by Resolution of the City Council, need to be
consolidated in a reference document for easy access; and
WHEREAS, on August 4 , 1987, by Resolution No. 87-261, City
Council adopted a Council Policy Manual to achieve said
objectives; and
WHEREAS, City Council wishes to establish a policy entitled
Fiscal Impact Statements, a copy of which is attached hereto and
incorporated herein by reference, requiring the preparation of a
Fiscal Impact Statement to accompany every major proposal
considered by City Council;
NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council of
the City of Redding as follows:
1 . That all of the above recitals are true and correct. ,
2 . That the Policy attached hereto be and hereby is
adopted as the Council Policy pertaining to Fiscal Impact
Statements.
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3 . That said Policy be incorporated in the Council Policy
Manual.
I HEREBY CERTIFY that the foregoing Resolution was
introduced and read at a regular meeting of the City Council of
the City of Redding on the 4th day of February , 1992 , and was
duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Arness, Fulton, Moss & Dahl
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
MIKE DAHL, Mayor
City of Redding
AST: ,
CONNIE STROHMAYER, ' ty Clerk
FORM PROVED:
R DALL A. HAYS, ity Attorney
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CITY OF REDDING, CALIFORNIA
COUNCIL POLICY
SUBJECT RESOLUTION POLICY EFFECTIVE PAGE
NUMBER NUMBER DATE
Fiscal Impact Statements
411 1/7/92
Background
Many actions taken by the City government have a fiscal impact,
either positive or negative, and yet these impacts have not in the
past always been formally evaluated. Projects may be undertaken,
commissions established, studies assigned to staff, and workload
otherwise affected without an attempt to measure the effect such
action may have on the City financially. While this is not
atypical of cities - - and governments generally -- a more
responsible posture, generating greater accountability to the
public we serve, would be to require more measurement or estimate
of financial impact of every major action we take or consider.
Purpose
The purpose of this policy is to ensure a higher level of
responsibility, accountability, and fiscal integrity for the City
government by requiring a fiscal impact statement to accompany
every major proposal considered by the City Council.
Policy
Itis the policy of the Redding City Council to require the
preparation of a fiscal impact statement to accompany every major
proposal to be considered by the City Council. Affected by this
policy would be:
a. The best available estimate of the capital outlay cost of
projects;
b. The best available estimate of operating costs of capital
projects, extended over ten years;
C. The operating cost (and revenues) of newly proposed
programs;
d. The cost of servicing commissions;
e. Estimates of the cost of employee compensation packages
being negotiated or otherwise considered, including
benefits;
f. Operating costs (and realistic labor savings, if
anticipated) of equipment proposed for acquisition.
CR 0049
Page 2
Procedure
No prescribed and uniform format of such statements will fit all
situations, and so none is prescribed. The form of the statement
should be tailored, however, to provide the City Council with the
basic information necessary to reach a sound decision:
It is anticipated that during the transitional period (the first
year or two this policy is in effect) , the City Council will be
evaluating currently-existing programs with the objective of
determining areas in which program costs that have developed over
the years may no longer be justified.
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