HomeMy WebLinkAboutResolution No. 15-005 Adoption of Financial Management PoliciesRESOLUTION NO. 15/005
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
UNIVERSITY PARK, TEXAS, ADOPTING THE FINANCIAL
MANAGEMENT POLICIES OF THE CITY OF UNIVERSITY PARK
HERETOFORE ADOPTED BY RESOLUTION NO. 11-08; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, formal financial management policies serve as a framework for management
decisions and thereby provide consistency and quality control; and
WHEREAS, such policies are evidence of prudent stewardship and are recommended by the
Government Finance Officers Association; and
WHEREAS, such policies promote long-term and strategic thinking and establish guidelines
that outlive their creators; and
WHEREAS, the City Council last approved a resolution adopting comprehensive financial
management policies for the City on September 6, 20 I, and
WHEREAS, the attached financial management policies have been reviewed and
recommended for approval by the City's Finance Advisory Committee;
NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF UNIVERSITY
PARK, TEXAS:
SECTION I. That the Financial Management Policies of the City of University Park
as attached hereto as Exhibit "A", are hereby adopted, effective October I, 2015 .
SECTION 2. This Resolution shall take effect from and after its passage, and it is
accordingly so resolved.
DULY PASSED AND APPROVED by the City Council of the City of University Park,
Texas, on the 18th day of August, 2015.
APPROVED:
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APPROVED AS TO FORM:
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ATTEST:
CHRISTINE GREEN,
CITY SECRETARY