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HomeMy WebLinkAboutResolution No. 2023-010 A Resolution of the City of Arlington Replacing Resolution No. 2021-026 and Adopting Revised Financial Policies for the City RESOLUTION NO. 2023-010 A RESOLUTION OF THE CITY OF ARLINGTON REPLACING RESOLUTION NO. 2021-026 AND ADOPTING REVISED FINANCIAL POLICIES FOR THE CITY WHEREAS, the National Advisory Council on State and Local Budgeting Practices recommends budget practices, including the development of a series of financial policies; and WHEREAS the Arlington City Council has reviewed and deliberated on the recommended revisions to the financial policies and finds that it is in the best interest of the city to amend its financial policies; NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF ARLINGTON: Section 1. The "Financial Management Policies" dated July 31, 2021 are hereby adopted as the financial policies and practices of the City. Section 2. This resolution shall take effect immediately upon passage thereof. APPROVED by the Mayor and City Council of the City of Arlington this 31st day of July, 2023. CITY OF ARLINGTON Barbara Tolbert, Mayor ATTEST: Wendy VA Der Meersche, City Clerk APPROVED AS TO FORM: Steve4 J. e City Attorney RESOLUTION NO. 2023-010