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68 <br /> • <br /> Proposed Fiscal Policies for St. Anthony <br /> 1. Operating Budget Policies <br /> A. Purpose <br /> The operating budget policies insure that the city's annual operating <br /> expenditures are consistent with past expenditures and respond to long- <br /> term objectives rather than short-term benefits. The policies allow the <br /> city to maintain a stable level of services, expenditures, and tax levies <br /> over time. These policies are most critical to programs funded with <br /> property tax revenues because accommodating large fluctuations in this <br /> revenue source is difficult. <br /> B. Policy <br /> The city will pay for current expenditures from current revenues <br /> The city will avoid balancing current revenues with funds necessary for <br /> future expenses.. <br /> The city will not budget to accrue future revenues <br /> The city,will avoid postponing expenditures and avoid using reserves to <br /> balance the operating budget <br /> The city will budget to maintain and replace the capital plant and <br /> equipment <br /> The city will apportion its administrative and general government cost to <br /> all its funds as appropriate and practical. These charges will be identified <br /> in the annual budget. <br /> New programs or proposals shall be reviewed in detail by City staff and <br /> both a policy and fiscal analysis shall be prepared prior to budgetary <br /> inclusion, and provided to the city council for its review. <br /> A request for a program or service expansion or reduction must be <br /> supported by an analysis of public policy implications of the change. <br /> The city will budget a contingency to draw upon if revenues fall short of <br /> • expenditures due to unanticipated circumstances. <br />