Approve financial policies governing debt, investments, and cash reserves

Financial PoliciesBudgetFinance

In Plain English

The city updates its financial policies annually to guide how it borrows money, invests funds, and maintains emergency reserves. These policies set rules for acceptable investment types, minimum cash balances, and debt limits. If approved, the policies take effect for the 2015-16 budget year starting July 1.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember PimpléSeconded by: Councilmember Beckles
Passed

7 to 0

Nat BatesAye
Jovanka BecklesAye
Eduardo MartinezAye
Gayle McLaughlinAye
Vinay PimpléAye
Jael MyrickAye
Tom ButtAye