FINANCIAL POLICIES
FISCAL POLICY STATEMENT
To foster a culture of long-term fiscal sustainbility, the Irvine City Council has adopted a number of fiscal policies. These policies set a framework to ensure a balanced budget, maintain healthy reserves, appropriately fund the City’s infrastructure needs, and set fees and charges within permitted subsidy thresholds. The Government Finance Officers Association (GFOA) recommends that governments formally adopt financial policies, place the policies in the same sections of the budget document (with original and revision dates shown on the individual polcies), and monitor, review, and update in a systematic way.
The following policies are included in this document:
Original Date of Adoption June 25, 2019 June 25, 2019 June 25, 2019 June 25, 2019 June 25, 2019 June 25, 2019 June 25, 2019 June 25, 2019 June 25, 2019 June 25, 2019 June 25, 2019 October 9, 2018 June 25, 2019
Date of Revision
Policy
Long-term Financial Planning
Biennial Budget
Capital Improvement Program (CIP) Budget
Balanced Budget
General Fund Contingency Reserves
Infrastructure Funding
Interfund Transfers and Loans User Fees and Cost Recovery
Cost Allocation for Administrative and Support Functions
Grants and Federal Funds
Risk Management Investment Policy
Debt Management Policy
FY 2019-21 Proposed Budget
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