Form Rev 3/6/2023
RESOLUTION NO. __________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA REVISING CITY COUNCIL POLICIES 220 -05
– CITY DEBT POLICY, 220-07 – CITY DISCLOSURE POLICY,
AND 662-13 FRAUD PREVENTION IN THE WORKPLACE
WHEREAS, City Council policies are the official description of a City procedure, policy or practice; and
WHEREAS, the City is in the process of reviewing City Council policies to identify which ones need revisions and which ones can be rescinded; and
WHEREAS, l ast revised in 2017, Council Policy 220 -05 – City Debt Policy was established to improve decision-making quality, articulate policy goals, provide guidelines for the structure of debt issuance, and demonstrate a commitment to long -term capital and financia l planning; and
WHEREAS, the City Council desires to update Council Policy 220-05 – City Debt Policy to incorporate recommended practices of the Government Finance Officers Association (GFOA); and
WHEREAS, first approved in 2016, Council Policy 220 -07 – City Disclosure Policy was approved to help augment the City’s debt policy to memorialize the proper procedures for effective and informative debt disclosure to all bond market stakeholders; and
WHEREAS, the City Council desires to update Council Policy 220-07 – City Disclosure Policy to incorporate new disclosure rules from the Governmental Accounting Standards Board (GASB); and
WHEREAS, last updated in 2009, Council Policy 662-13 – Fraud Prevention in the Workplace policy establishes policy and procedures for clarifying acts that are considered to be fraudulent; and
WHEREAS, the City Council desires to update Council Policy 662-13 – Fraud Prevention in the Workplace to include language describing that if an employee is convicted of a felony in a state or federal court for fraudulent activities conducted in the workplace, they may face forfeiture of accrued rights and benefits in any public retirement system.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it approve s revised Council Policies 220 -05 – City Debt Policy, 220 -07 – City Disclosure Policy, and 662-13 Fraud Prevention in the Workplace , in the forms presented, with such minor modifications as may be required or approved by the City Attorney.
Resolution No.
Presented by Approved as to form by
__________________________________ ___________________________________ Courtney Chase Marco A. Verdugo
Deputy City Manager City Attorney