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• <br />• <br /> <br />CONSENT G4 <br />11/12/03 <br />ITEM: Adding New Reserve Policy and Other Minor Wording Changes to <br />Fiscal Policies Section of Annual Budget <br />SUBMITTED BY: Roland O. Olson, Finance Director <br />REVIEWED BY: Heather Worthington, City Administrator <br />EXPLANATION: <br />Summary: The City's Reserve Policy was changed by Council action on September 10, 2003. <br />These changes need to be included in the "Fiscal Policies" section of the annual budget. Also, <br />some minor word changes have been made that were discussed at the Budget Workshop on <br />November 5, 2003. The "Fiscal Policies" section of the budget, with these changes, is attached. <br />Staff is requesting approval so that these changes can be included in the annual budget, which <br />will be published shortly. <br />Meets Goal # 4: <br />Strategy # 6: <br />ATTACHMENT: <br />• Modified Fiscal Policies <br />ACTION REQUESTED: <br />To provide a responsive and effective city government <br />To effectively manage the city's financial resources <br />• Approve the modified "Fiscal Policies" section of the annual budget <br />/3 <br />