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HomeMy WebLinkAboutRES 121316-S - Fiscal & Budgetary PolicyRESOLUTION NO. I a13110 -S A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, FORMALLY ADOPTING THE FISCAL AND BUDGETARY POLICY EFFECTIVE DECEMBER 13, 2016. WHEREAS, the City Council developed a Fiscal and Budgetary Policy and was adopted by City Council action in 2001; and WHEREAS, the Fiscal and Budgetary Policy has been reviewed and adopted each year since 2001 by such Council action; and WHEREAS, this Policy is used to guide the City's financial operations; and WHEREAS, the City's Annual Budget is prepared in accordance with this policy; Me WHEREAS, the City Council has reviewed and approved the amended Fiscal and Budgetary Policy for Fiscal Year 2016-2017; and WHEREAS, the City Council has deemed this Policy to be in effect. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: SECTION 1. The facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct, and are incorporated by reference herein and expressly made.a part hereof, as if copied verbatim. The City Council hereby finds that this ordinance complies with the Vision Statement of the City of Georgetown 2030 Comprehensive Plan. SECTION 2. The City Council approves the Fiscal and Budgetary Policy as illustrated in Exhibit A. SECTION 3. In the event any section, paragraph, subdivision, clause, phrase, provision sentence or part of this resolution or the application of same to any person or circumstance shall for any reason be adjudged invalid or held unconstitutional, by a court of competent jurisdiction, it shall not affect, impair, or invalidate the remainder of this ordinance which shall be given full force and effect. SECTION 4: This resolution shall be effective immediately upon adoption. Resolution Number: I a,1311.c -5 Fiscal and Budgetary Policy Amendment Date Approved: 1a,13 I a -OIL -P Page 1 of 2 RESOLVED this 13th day of December 2016. ATTEST: J 0J' Shelley Novin , City Se eta APPROVED AS TO FORM: Charles McNabb, City Attorney Resolution Number: Fiscal and Budgetary Policy Amendment Date Approved: THE CATTY OF GEORGETOWN: yam- �O�V✓ By: Dale Ross, Mayor Page 2 of 2