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C - 1 City of Pleasanton Operating Budget • FY 2023/24 - FY 2024/25 <br />APPENDIX C <br />Financial Policies Overview <br />General Financial Policies <br />A. GENERAL POLICIES <br />• The City will manage its financial assets in a sound and prudent manner. <br />• The City will maintain sound financial practices in accordance with State law, and direct its <br />financial resources toward meeting the City’s long-term goals. <br />• The City will maintain and further develop programs to assure its long-term ability to pay all the <br />costs necessary to provide the level and quality of service required by its citizens. <br />• The City will maintain accounting systems in conformance with generally accepted accounting <br />principles. <br />• The City will establish and maintain investment policies in accordance with State laws that stress <br />safety and liquidity over yield. <br />B. REVENUE POLICIES <br />• The City will strive to maintain a diversified and stable revenue base that is not overly dependent <br />on any land use, major taxpayer, revenue type, restricted revenue, inelastic revenue, or external <br />revenue. <br />• The City will aggressively pursue revenue collection and auditing to assure that moneys due the <br />City are accurately received in a timely manner. <br />• The City will seek Federal and State grants and reimbursements for mandated costs whenever <br />possible. <br />• The City will investigate potential new revenue sources, particularly those which will not add to the <br />tax burden of residents or local businesses. <br />• The City will work proactively with the League of California Cities and local communities to monitor <br />legislation that may impact the City financially. <br />The City of Pleasanton has established the following financial policies to provide guidance towards the City’s <br />fiscal stability as well as prudent and accountable management of the City’s budget and funds: <br />• General Financial Policies <br />• Fee Policy <br />• Sewer Enterprise Financial Policy <br />• Water Enterprise Financial Policy <br />• City Debt Policy <br />• Investment Policy & Guidelines <br />• Reserve Policy <br />These policies are included in the subsequent sections of Appendix C.