Res 06-050
RESOLUTION NO. 06-050
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF POWAY, CALIFORNIA,
ADOPTING A CITY OF POWAY FINANCIAL POLICY
WHEREAS, the City of Poway and its representatives strive to serve as models of
fiscally responsible professionals, and the City Council desires to establish a future
precedent for a sound economic agency with proven revenue and expenditure guidelines;
and
WHEREAS, a Financial Policy encourages high standards of fiscal management by
public officials, increases public confidence in the institutions that serve the public, and
assists public officials with decision-making; and
WHEREAS, the City of Poway Financial Policy builds upon the City's commitment to
financial excellence, full disclosure, and responsible financial management; and
WHEREAS, the City of Poway Financial Policy emphasizes values and principles
which are complementary to generally accepted accounting principles, but extend beyond
minimum legal requirements; and
NOW, THEREFORE, BE IT RESOLVED, the City Council of the City of Poway
hereby adopts the City of Poway Financial Policy.
PASSED, ADOPTED AND APPROVED by the City Council of the City of Poway
at a regular meeting this 20th day of June 2006.
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ATTEST:
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Resolution No. 06-050
Page 2
STATE OF CALIFORNIA )
)SS
COUNTY OF SAN DIEGO )
I, L. Diane Shea, City Clerk of the City of Poway, do hereby certify under penalty of
perjury that the foregoing Resolution No. 06-050 was duly adopted by the City Council at a
meeting of said City Council held on the 20th day of June 2006, and that it was so adopted
by the following vote:
AYES: BOYACK, EMERY, HIGGINSON, REXFORD, CAFAGNA
NOES: NONE
ABSENT: NONE
DISQUALIFIED: NONE
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City of Poway