19-1866 Replacing City Code Definitions on Investments, Budget Policy
ORDINANCE REPEALING AND REPLACING MCC 1-9-1 through 1-9-3 Page 1
CITY OF MERIDIAN ORDINANCE NO. 19-1866
BY THE CITY COUNCIL: BERNT, BORTON, CAVENER,
MILAM, PALMER, LITTLE ROBERTS
AN ORDINANCE REPEALING AND REPLACING MERIDIAN CITY CODE TITLE 1,
CHAPTER 9, SECTIONS 1-9-1 THROUGH 1-9-3, REGARDING DEFINITIONS,
INVESTMENTS, AND BUDGET POLICY, AND REPLACING WITH NEW SECTIONS 1-9-1
THROUGH 1-9-3, REGARDING GENERAL PROVISIONS, AUTHORITY AND
RESPONSIBILITY, AND POLICIES; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City takes seriously its authority and responsibility to accurately and
transparently account for, manage, control, and safeguard the public funds in its possession; and
WHEREAS, the Mayor and City Council may amend its ordinances and policies from time to
time as necessary to incorporate changes as needed, and the following updates to City Code related to
City finances are consistent with generally accepted accounting principles, generally accepted
government accounting principles, federal and state statutes, and best government accounting
practices rules, guidelines, and standards;
NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
CITY OF MERIDIAN, IDAHO:
Section 1. That Title 1, Chapter 9, Meridian City Code, sections 1-9-1 through 1-9-3 shall be
repealed and replaced with the following language:
1-9-1: General Provisions:
A. Compliance: The City shall comply with all State and Federal laws and local regulations
pertaining to financial management, control, and safeguarding of the public funds in its possession.
B. Adoption: By the processes set forth in this chapter, the City shall adopt Financial Management
Policies as set forth in this Chapter for implementation of all Federal, State, and City laws,
regulations, and policies pertaining to financial management, control, and safeguarding of the public
funds in its possession.
1-9-2: Authority and Responsibility:
A. The City Council hereby authorizes the Chief Financial Officer/City Treasurer to manage the
City’s Financial Management Policies in accordance with applicable laws and best practices as
deemed by the Chief Financial Officer/City Treasurer.
B. All new Financial Management Policies and any changes thereto must be presented to City
Council for final approval. City Council shall review and approve new and changed Financial
Meridian City Council Meeting Agenda December 10, 2019 – Page 8 of 106
Management Policies by resolution.
C. The City Council will annually review the Financial Management Policies as part of the budget
process.
D. The Chief Financial Officer/City Treasurer must make available online the City's Financial
Management Policies for public access.
1-9-3: Financial Management Policies
The City of Meridian shall follow each and all of the following financial management policies, duly
approved by resolution of City Council, wherein the City will meet all applicable Federal, State, and
City laws, regulations, and policies:
A. Banking Policy
B. Budget Policy
C. Debt Management Policy
D. Financial Audit Policy
E. Financial Stability Policy
F. Funds and Fund Balance Policy
G. Investments Policy
H. Economic Development Incentive Policy
Section 2. That all ordinances, resolutions, orders, or parts thereof or in conflict with this
ordinance are hereby voided.
Section 3. That this Ordinance shall be in full force and effect upon its passage, approval and
publication.
ADOPTED by the City Council of the City of Meridian, Idaho, this�Crday of December, 2019.
APPROVED by the Mayor of the City of Meridian, Idaho, this nay of December, 2019.
APPROVED:
Mayor Ta y de Weerd
ATTEST:OaP��D AUGUST .,
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ri J on, �DAHD
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SEAL
ORDINANCE REPEALING AND REPLACING MCC 1-9-1 through 1-9-3 Page 2
NOTICE AND PUBLISHED SUMMARY
OF ORDINANCE PURSUANT TO I.C. § 50-901(A)
CITY OF MERIDIAN ORDINANCE NO. 19-1866
An ordinance repealing and replacing Meridian City Code Title 1, Chapter 9, Sections 1-9-1 through
1-9-3, regarding definitions, investments, and budget policy, and replacing with new sections 1-9-1
through 1-9-3, regarding general provisions, authority and res risibility, and p -providing
an effective date.
� w
2 city of
Cit er' ' n ,o�No
Mayor and ty Council '
By: Chris J nsc City Clerk s� SEAL \e4
First Reading: JZ -10-2-0)q
Adopted after first reading by s�>pension of the Rule as allowed pursuant to
Idaho Code § 50-902: YE NO
Second Reading:
Third Reading:
STATEMENT OF MERIDIAN CITY ATTORNEY AS TO
ADEQUACY OF SUMMARY OF ORDINANCE NO. 19-1866
The undersigned, William L.M. Nary, City Attorney of the City of Meridian, Idaho, hereby certifies
that he is the legal advisor of the City and has reviewed a copy of the attached Ordinance no. 19-
Jj;6jp of the City of Meridian, Idaho, and has found the same to be true and complete and provides
adequate notice to the public pursuant to Idaho Code § 50-901A(3).
DATED this 10 A day of �ereM Qk- , 2019.
William. L.M. Nary
City Attorney
ORDINANCE REPEALING AND REPLACING MCC 1-9-1 through 1-9-3 Page 3
IDAHO PRESS-TRIBUNE
EMMETT MERIDIAN KUNA BOISE WKLY
C/O ISJ PAYMENT PROCESSING CENTER
PO BOX 1570
POCATELLO ID 83204
(208)467-9251
Fax (208)475-2321
ORDER CONFIRMATION
Salesperson: LEGALS Printed at 12/13/19 10:35 by sje14
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Acct #: 351462 Ad #: 1976422 Status: New CHOLD
1 MERIDIAN, CITY OF Start: 12/20/2019 Stop: 12/20/2019
33 E. BROADWAY AVENUE Times Ord: 1 Times Run: ***
MERIDIAN ID 83642 LEG 1.00 X 60.00 Words: 195
Total LEG 60.00
Class: 0006 GOVERNMENT NOTICES
Rate: LG Cost: 44.40
# Affidavits: 1
Contact: MACHELLE HILL Ad Descrpt: ORD 19-1866
Phone: Given by: ADRIENNE WEATHERLY
Fax#: P.O. #:
Email: accountspayable@meridiancity Created: sje14 12/13/19 10:31
Agency: Last Changed: sje14 12/13/19 10:35
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PUB ZONE EDT TP RUN DATES
MP A 96 S 12/20
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AUTHORIZATION
Under this agreement rates are subject to change with 30 days notice. In the
event of a cancellation before schedule completion, I understand that the
rate charged will be based upon the rate for the number of insertions used.
_____________________________________ _____________________________________
Name (print or type) Name (signature)
(CONTINUED ON NEXT PAGE)
IDAHO PRESS-TRIBUNE
EMMETT MERIDIAN KUNA BOISE WKLY
C/O ISJ PAYMENT PROCESSING CENTER
PO BOX 1570
POCATELLO ID 83204
(208)467-9251
Fax (208)475-2321
ORDER CONFIRMATION (CONTINUED)
Salesperson: LEGALS Printed at 12/13/19 10:35 by sje14
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Acct #: 351462 Ad #: 1976422 Status: New CHOLD CHOLD
LEGAL NOTICE
NOTICE AND PUBLISHED
SUMMARY OF ORD INANCE
PURSUANT TO I.C. § 50-901
(A) CITY OF MERIDIAN
ORDINANCE NO. 19-1866
An ordinance repealing and
replacing Meridian City Code
Title 1, Chapter 9, Sections 1-
9-1 through 1-9-3, regarding
definitions, investments, and
budget policy, and replacing
with new sections 1-9-1
through 1-9-3, regarding gen-
eral provisions, authority and
responsibility, and policies;
and providing an effective
date.
City of Meridian
Mayor and City Council
By: Chris Johnson,
City Clerk
First Reading: 12/10/2019
Adopted after first reading
by suspension of the Rule
as allowed pur suant to
Idaho Code § 50-902: YES
Second Reading: N/A
Third Reading: N/A
STATEMENT OF MERIDIAN
CITY ATTORNEY AS TO
ADEQUACY OF SUMMARY OF
ORDINANCE NO. 19-1866
The undersigned, William
L.M. Nary, City Attorney of
the City of Meridian, Idaho,
hereby certifies that he is the
legal advisor of the City and
has reviewed a copy of the
attached Ordinance No. 19-
1866 of the City of Mer idian,
Idaho, and has found the
same to be true and complete
and provides adequate notice
to the public pursuant to Ida-
ho Code § 50-901A(3).
DATED this 10th day of
December, 2019.
William L.M. Nary,
City Attorney
December 20, 2019
1976422