19-2178 Resolution adopting finance policesCITY OF MERIDIAN RESOLUTION NO. 19-2178
BY THE CITY COUNCIL: BERNT, BORTON, CAVENER,
LITTLE ROBERTS, MILAM, PALMER
A RESOLUTION ADOPTING UPDATED CITY OF MERIDIAN FINANCE POLICIES;
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, in keeping with best financial management practices, the City's Chief Financial
Officer/City Treasurer has reviewed and updated the following City Finance policies, attached
hereto as Exhibit A: Banking Policy; Budget Policy; Debt Management Policy; Financial Audit
Policy; Financial Stability Policy; Funds and Fund Balance Policy; Investments Policy; Economic
Development Incentive Policy; and
WHEREAS, the City Council finds that the Finance policies attached hereto as Exhibit A are
consistent with generally accepted accounting principles, federal and state statutes and regulations,
City policies, and best government accounting principles, practices, rules, guidelines, and standards;
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF
THE CITY OF MERIDIAN CITY, IDAHO:
Section 1. That the City Council of the City of Meridian hereby approves the updated Finance
policies attached hereto as Exhibit A.
Section 2. That the Chief Financial Officer/City Treasurer is hereby authorized to implement
the policies approved by this Resolution.
Section 3. That this Resolution shall be in full force and effect immediately upon its adoption
and approval.
2019.
ADOPTED by the City Council of the City of Meridian, Idaho, this Way of December,
APPROVED by the Mayor of the City of Meridian, Idaho, this Eday of December, 2019.
APPROVED:
Tamm erd Mayor
ATTEST:
,IED AUGUST
City of "' ,
E IDIZ IAN l
SEAL �
IDAHO
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RESOLUTION UPDATING FINANCE POLICIES PAGE 1
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