SR 06:127 - Laserfiche WebLink

measures direct and indirect costs and benefits to the City. Policy 14: Dedicate, and maintain reserves to meet known and estimated future obligations. Program 14.1: Maintain financial policies which establish a prudent level of reserves for future unexpected expenses and revenue declines. Program 14.2: Maintain reserves for replacement of facilities and infrastructure. Program 14.3: Maintain reserves for cash flow purposes. Program 14.4: Fund at least the annual normal employer rate established by the Public Employees Retirement System (PERS), and transfer any excess to a reserve to offset future increases above the normal rate, except as otherwise determined by the City Council. Policy 15: Construct capital improvements III accordance with an adopted capital improvement program. Program 15.1: Continue to prepare a two- to five-year plan for capital improvements to be updated at least biennially. Program 15.2: Coordinate preparation of the Capital Improvement Budget with preparation of the Operating Budget. Future operating costs associated with new capital improvements should be projected and included in Operating Budget forecasts. Program 15.3: IdentitY the estimated costs and potential funding sources for each proposed capital project before it is submitted to the City Council for approval. Program 15.4: Analyze the costs of various financing methods for new projects. Program 15.5: Review public art projects submitted by the Civic Arts Commission for inclusion in the Capital Improvement Program or operating budget, determining appropriate funding through the normal budgetary process. Policy 16: Provide for City equipment replacement and maintenance needs. Program 16.1: Maintain a program to periodically update replacement and maintenance financing plans. Program 16.2: Maintain cost-effective replacement and maintenance schedules. Policy 17: Limit the use of debt so as not to place a burden on the fiscal resources of the City and its taxpayers. XI-16