RESOLUTION NO. (XX)
ADOPTING UPDATED AND CONSOLIDATED CITY OF COTATI FINANCIAL
POLICIES AND PROCEDURES
WHEREAS, the City of Cotati wishes to establish a comprehensive set of financial policies that will serve as a guideline for operational and strategic decision making related to financial matters; and
WHEREAS, the City currently has a comprehensive set of financial policies, adopted separately over time; and
WHEREAS, the City wishes to consolidate the financial policies into a single policy document; and
WHEREAS, financial policies are intended to establish guidelines for the City's overall planning and management; and
WHEREAS, such policies will allow the City to maintain and enhance a sound fiscal condition.
NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Cotati does hereby approve and adopt the attached Financial Policies and Procedures; and IT IS FURTHER RESOLVED that the following resolutions for the prior individual policies are rescinded:
Resolution 2017-36 – Financial Principles and Policies
Resolution 2009-50 – General Fund Reserve
Resolution 2016-76 – Capitalization Policy
Resolution 2019-47 – Purchasing Policy
Resolution 2021-76 – Unfunded Accrued Liability Management Policy Resolution 2023-29 – Investment Policy
Resolution 2024-30 - Environmental Preferred Purchasing Policy; and IT IS HEREBY CERTIFIED that the foregoing resolution was duly adopted at a regular meeting of the City Council of the City of Cotati held on June 25, 2024, by the following vote, to wit:
Approved:___________________________
Mayor
Attest:______________________________
Kevin Patterson, Deputy City Clerk
Approved as to form:______________________________
City Attorney