Fiscal & Budgetary Guidelines
Adopted : December 6 , 2010
Amended : January 7 , 2013 June 17 , 2014 June 16 , 2015 July 24 , 2015 March 5 , 2018 July 1 , 2023 June 18 , 2024
Objectives
This Council adopted fiscal and budgetary policy is a statement of the guidelines and goals that will influence and guide financial management practices and budget development of the Town of Garner , North Carolina . A policy that is adopted , adhered to , and regularly reviewed is recognized as the cornerstone of sound financial management . Effective fiscal and budgetary policy :
• Contributes significantly to the Town ' s ability to insulate itself from fiscal crisis ,
• Enhances short-term and long-term financial credibility by helping to achieve the highest credit and bond ratings possible ,
• Promotes long-term financial stability by establishing clear and consistent guidelines ,
• Directs attention to the total financial picture of the Town rather than single issue areas ,
• Provides a sound basis for and promotes the planning of a Capital Improvement Program ,
• Promotes the view of linking long-run financial planning with day-to-day operations , and
• Provides the Town Council , citizens , and the Town ’ s professional management a framework for measuring the fiscal impact of government services against established fiscal parameters and guidelines .
To these ends , the following fiscal and budgetary policy statements are presented .
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