HomeMy WebLinkAbout19-085 Establishing Finance and Budget Policy Guidelines and Repealing Resolution 18-034 Resolution 19-085
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RESOLUTION NO. 19-085
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND,
WASHINGTON, ESTABLISHING FINANCE AND BUDGET POLICY GUIDELINES
AND REPEALING RESOLUTION 18-034
WHEREAS, the City Council adopted a set of Financial Policies and Budget Guidelines
relating to Revenues, Expenditures, Reserves and general Budget goals and guidelines in
Resolution 99-051; and
WHEREAS, the City Council adopted an updated set of Financial Policies and Budget
Guidelines relating to Revenues, Expenditures, Reserves and general Budget goals and guidelines
in Resolution 14-042; and
WHEREAS, the City Council adopted an updated set of Financial Policies and Budget
Guidelines relating to Revenues, Expenditures, Reserves and general Budget goals and guidelines
in Resolution 16-042; and
WHEREAS, the City Council adopted an updated set of Financial Policies and Budget
Guidelines relating to Revenues, Expenditures, Reserves and general Budget goals and guidelines
in Resolution 18-034;
WHEREAS, in Ordinance 3218, the City Council modified the equipment rental and
replacement fund into four separate funds: the equipment rental fund, the fleet operations and
maintenance fund, the information services equipment operations and maintenance fund, and the
information services funds; and
WHEREAS, the policies guidelines for the four funds established in Ordinance 3218 are
now incorporated into the Comprehensive Financial Polies; and
WHEREAS, the State Auditor's Office and the Government Finance Officers Association
recommends the adoption of Financial Policies and the periodic updates of these policies; and
WHEREAS, the City's Finance and Budget Committee has reviewed the Comprehensive
Financial Policies at its September 24, 2019 meeting; and
WHEREAS, the City's Finance and Budget Committee recommend moving these updated
policies forward to Council for review and adoption; and
WHEREAS, the City has added a Purchasing Policy and Procedure Manual as an
addendum to the City's Financial Policies and Budget Guidelines; and
WHEREAS, the purchasing policies are with the purview and responsibility of the City
Council and the purchasing procedures are with the purview and responsibility of City Manager;
and
Resolution 19-085
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WHEREAS, the Purchasing Policy and Procedure Manual combines both policy and
procedures;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port
Townsend, Washington, as follows:
Section 1. Resolution 18-034 is repealed and replaced by the attached Comprehensive
Financial Policy Guidelines, including any policy statements in its addended Purchasing
Policy and Procedure Manual (Exhibit A to this Resolution);
Section 2. The City Finance Director is authorized to amend any policy statements in the
Purchasing Policy and Procedure Manual that are inconsistent with the Port Townsend
Municipal Code, including any future amendments to the Port Townsend Municipal Code.
Section 3. The annual budget ordinance and supplemental ordinances shall be considered as
a part of and implementing document for the City's Finance and Budget Policy Guidelines.
ADOPTED by the City Council of Port Townsend, WA at a regular meeting thereof, held
this 21 st day of October 2019.
r
ebDeborah S. Stins ji
Mayor
Attest: Approved as to form:
_..__
Joanna Sanders, m._.......
MMCIle,0jGr*ccnwel.
City Clerk City Attorney