From
Diana G. Ortiz
Title
Resolution reviewing and approving the City's Financial Management Policy
Presenter
Diana G. Ortiz, Chief Financial Officer
Recommended Action
Approve
Analysis
The City's Financial Management Policy is a formally approved document that serves as the guidelines and parameters in developing the City's financial position. It is reviewed annually for necessary updates and presented to the Finance and Government Committee for consideration. The Finance and Government Committee reviewed this item and recommends the Financial Policy with no revisions.
Financial Consideration
There is no fiscal impact.
Body
A RESOLUTION OF THE CITY OF GRAND PRAIRIE, TEXAS, APPROVING THE CITY'S FINANCIAL MANAGEMENT POLICY
Whereas, it is the goal of the City to maintain a long-term stable and positive financial condition; and
Whereas, well-planned and prudent financial management is essential to the achievement of the City's goal; and
Whereas, the Finance and Government Committee reviewed the Financial Management Policy with no revisions.
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of GRAND PRAIRIE, Texas that:
Section 1. THAT the City Council hereby adopts the attached Financial Management Policy.
SECTION 2. This resolution shall be in force immediately upon its passage in accordance with the Charter of the City of Grand Prairie and it is accordingly so resolved.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, ON THIS THE 9th DAY OF JANUARY, 2018.