Laserfiche WebLink
4;4CITY OF ORONO <br /> RESOLUTION OF THE CITY COUNCIL <br /> �, NO. 7056 <br /> k£SHO�� <br /> A RESOLUTION TO ADOPT THE <br /> CITY OF ORONO FINANCIAL MANAGEMENT POLICIES <br /> WHEREAS,financial management policies guide in the preparation and management of <br /> the City's overall budget and major objectives to be accomplished; and <br /> WHEREAS, Government Finance Officers Association (GFOA) best practices <br /> recommends government formally adopt financial policies; and <br /> WHEREAS,the Fund Balance Policy, last amended by Resolution 6105, and Investment <br /> Policy, last amended by Resolution 6399, will be amended to be part of this Resolution; and <br /> WHEREAS,the Operating Budget Policy, Revenue Policy, Expenditure and Purchasing <br /> Policy, Debt Management Policy, Fixed Asset Policy and Grant Policy will be adopted; <br /> NOW,THEREFORE,BE IT RESOLVED,that the City of Orono Council, hereby <br /> authorizes the adoption of the Financial Management Policies <br /> Adopted by the City Council of the City of Orono, Minnesota, at a regular meeting held <br /> December 9, 2019. <br /> ATTEST: <br /> 1 it',4 ► <br /> Anna Carlson, City Clerk Dennis Walsh, Mayor <br />