HomeMy WebLinkAbout427 - Technology FundCITY OF REDDING, CALIFORNIA
COUNCIL POLICY
SUBJECT
TECHNOLOGY FUND
RESOLUTION
NUMBER
POLICY
NUMBER
EFFECTIVE
DATE
PAGE
2018-045
427
05-15-18
1
BACKGROUND
The City has established a Technology Fund to accumulate resources to purchase, service or upgrade
certain equipment or software associated with various technology needs. To provide departments with
the mechanism to manage their technology and accumulated resources to enable them to purchase,
upgrade, service or replace certain technology, the City needs to establish a formal policy regarding
appropriation of funds for technology.
PURPOSE
The purpose of establishing the Technology Fund is to manage technology resources in the most
efficient manner possible. This policy would authorize the City Manager to transfer funds received from
technology fees to the Fund. Department Heads, with the City Manager’s approval, would be
authorized to transfer funds accumulated in the Technology Fund to the originating division’s budget
where the funds could be expended for technology needs including, but not limited to scope including
software, hardware, technology services, system maintenance contracts, upgrades and products.
POLICY
The City of Redding has established a Technology Fund to accumulate resources to accommodate
various technology needs. The Technology Fund shall accumulate resources, interest earnings and cash
transfers from various divisions of the City. Except as described below, all cash transfers to the
Technology Fund need Council approval either in the biennial budget or by amendment to the budget.
A separate accounting of each division’s transfers in, interest earnings, and transfers out will be
maintained for the Technology Fund.
The City Manager is authorized to transfer funds received from technology fees to the fund.
No technology-related purchases will be made directly from the Technology Fund. To purchase
technological related items, cash will be transferred from the Technology Fund to the originating
division’s budget. All cash transfers to the Technology Fund, along with the interest earnings, may be
transferred back to the originating division’s budget and expended for technological related items at the
request of the Department Director. Council approval for the appropriation of funds is not necessary if
the division’s request does not exceed the cash accumulated in the Technology Fund.
PROCEDURE
Transfers from the Technology Fund to the originating division’s budget via an appropriation transfer
request (reference Council Policy 401).