HomeMy WebLinkAbout424 - Penalties and Late Charges
CITY OF REDDING, CALIFORNIA
COUNCIL POLICY
SUBJECT
RESOLUTION
NUMBER
POLICY
NUMBER
EFFECTIVE
DATE
PAGE
PENALTIES, AND LATE CHARGES
2006-16
424
02/07/06
1
BACKGROUND
The City receives penalties and late charges from a variety of sources and must allocate those funds
consistent with sound financial management practices.
PURPOSE
It is City Council’s desire that all penalties and late charges that are not legally restricted to another fund be
allocated to the General Fund, unless allocated by the City Council or in their absence of direction, by the
City Manager, to another fund or source. This will provide staff with clear direction and ensure that
available revenues are used to fund the highest priority programs and operations.
POLICY
It is the policy of the City Council of the City of Redding that penalties and late charges shall be allocated
to the General Fund where legally permissible. The following two exceptions shall apply:
1. If the City Council directs the penalties or late charges be allocated to another fund or source, then
they shall not be allocated to the General Fund.
2. If the City Council has not given direction as to what fund or source the penalties or late fees be
allocated, then the City Manager may direct that the penalties or late charges be allocated to another
fund or source consistent with sound financial management practices.