HomeMy WebLinkAbout402 - General Budget Goals CITY OF REDDING, CALIFORNIA
COUNCIL POLICY
SUBJECT RESOLUTION POLICY EFFECTIVE PAGE
NUMBER NUMBER DATE
GENERAL BUDGET GOALS 90-160 402 04/03/90 1
BACKGROUND
The City of Redding maintains an Annual Budget for Operating,
Debt Service, and Capital improvements in accordance, with the
laws of the State of California.
PURPOSE
To establish purposes for utilizing an Annual Budget, as follows:
1. Maintain the fiscal integrity of the City's operating, debt
service, and capital improvement budgets in order to provide
services and to construct and maintain public facilities,
streets, and utilities.
2. Maintain a responsible and prudent fiscal condition and high
bond rating to minimize long-term interest expense when
financing capital improvements with an ongoing, systematic
bonding program.
3. Prepare and annually refine written goals and policies to
facilitate preparation of financing, spending, and perfor-
mance plans for the City.
4. Coordinate decision-making for the capital improvement budget
with the operating' budget to make effective use of the City's
limited resources for operating and maintaining facilities.
5. Prepare budget data for elected officials in a form that will
facilitate annual budget decisions.
6. Prepare and eva].uate activity performance plans that relate
to financing and spending plans in the annual City budget.
7. Encourage citizen involvement in the annual budget decision-
making process through public hearings and informal meetings.
POLICY
The City will adhere to purposes stated for utilizing an Annual
Budget.
PROCEDURE
Specific procedures to achieve the purposes stated above are
provided in the City of Redding Budget Policies and Procedures
Manual.
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