HomeMy WebLinkAboutReso 2006-016 - City Council Policy 424
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RESOLUTION NO. 2006-16
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
REDDING ADOPTING CITY COUNCIL POLICY NO. 424 RELATED
TO THE ALLOCATION OF PENALTIES AND LATE CHARGES
FROM CITY CASH AND OTHER SOURCES
WHEREAS, the City receives penalties and late charges from a variety of sources related to the City's
broad spectrum of activities; and
WHEREAS, in order to proviide statIwith clear direction and ensure that available revenues are used
to fund the highest priority programs and operations, a written policy shall be adopted by the City Council
requiring 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 Councilor, in absence of its direction, by the City Manager, to
another fund or source.
NOW, THEREFORE, IT IS RESOLVED by the City Council of the City of Redding that the
attached City Council Policy No. 424, titled "Penalties and Late Charges," is hereby adopted.
I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at a regular
meeting of the City Council on the 7th day of February, 2006, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS: Dickerson, Mathena, Pohlmeyer, Stegall, and Murray
COUNCIL MEMBERS: None
COUNCIL MEMBERS: None
COUNCIL MEMBERS: None
Attest:
Form Approved:
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SUBJECT
RESOLUTION
NUMBER
POLICY
NUMBER
EFFECTIVE
DATI~
PAGE
PENALTIES, AND LATE CHARGES
4241
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 Councilor in their abs.ence 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 thl~ 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 giv<:m 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.
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