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7056 <br /> *14mo <br /> City of Orono <br /> lFinancial Management Policies <br /> kESHO‘L`` <br /> The City of Orono has an important responsibility to its citizens to plan the adequate funding of <br /> services desired by the public, to manage the municipal finances wisely, and to carefully account <br /> for public funds.The City strives to ensure that it is capable of adequately funding and providing <br /> local government services needed by the community. The City will maintain or improve its <br /> infrastructure on a systematic basis to insure the maintenance of quality neighborhoods for its <br /> citizens. <br /> Contents <br /> OPERATING BUDGET(POLICY 1) 1-1 <br /> FUND BALANCE(POLICY 2) 2-1 <br /> REVENUE(POLICY 3) 3-1 <br /> EXPENDITURE AND PURCHASING(POLICY 4) 4-1 <br /> INVESTMENT(POLICY 5) 5-1 <br /> DEBT MANAGEMENT(POLICY 6) 6-1 <br /> FIXED ASSET(POLICY7) 7-1 <br /> GRANT(POLICY 8) 8-1 <br />