HomeMy WebLinkAboutResolution 2011-0015
CITY OF WHEAT RIDGE, COLORADO RESOLUTION NO. 15 Series of 2011 TITLE: A RESOLUTION ADOPTING A DEBT POLICY AND UNRESTRICTED FUND BALANCE POLICY WHEREAS, the City Council recognizes the
importance of long-range, financial planning and has made it a strategic priority to develop financial policies that support the goal of being a Financially Sound City Providing Quality
Services; and WHEREAS, the adoption of a Debt Policy and an Unrestricted Fund Balance Policy are part of the City's efforts to develop a long-term Financial Sustainability Plan; and
WHEREAS, these policies reflect best practices and fiscal management standards by the Government Finance Officers Association (GFOA); and WHEREAS, the adoption of a Debt Policy specifically
provides guidance on the issuance of debt to ensure that the City maintains a sound debt position and that its credit quality is protected; and WHEREAS, the adoption of an Unrestricted
Fund Balance Policy specifically provides guidance on maintaining adequate unrestricted fund balance levels: NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Wheat Ridge,
Colorado, as follows: A. The City Council approves the Debt Policy and Unrestricted Fund Balance Policy. DONE AND RESOLVED this 13th d ATTEST: