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I. Authority
The Fort Worth City Council is responsible for legislation, policy formulation, and overall
direction setting of the government. This includes the approval of financial policies which
establish and direct the operations of the City of Fort Worth. The City Manager and the
Assistant City Managers are responsible for carrying out the policy directives of the City
Council and managing the day-to-day operations of the executive departments, including
the Department of Financial Management Services. This policy shall be administered on
behalf of the City Manager and the Assistant City Managers by the Chief Financial
Officer / Director of Finance.
II. Purpose:
This policy is intended to establish guidelines for the management of certain City
expenditures/expenses in order to ensure fiscal stability and the effective and efficient
delivery of services. Through the identification of necessary services and the
establishment of appropriate service levels, Departments are responsible for the careful
administration of the expenditure/expense of available resources.
III. Scope:
This policy shall apply to all funds under the budgetary and fiscal control of the City
Manager and the Mayor and City Council.
IV. Glossary
See definitions related to this policy provided in the appendix.
V. Policy:
A. Current Funding Basis
The City shall operate on a current funding basis. Expenditures/expenses shall be
budgeted and controlled so as not to exceed current revenues plus the planned
use of fund balance/net position accumulated through prior year savings. (The
Fund Balance/Net Position Policy Statements shall guide the use of reserves.)
B. Avoidance of Operating Deficits
The City shall take immediate corrective actions if at any time during the fiscal year
expenditure/expense and revenue re-estimates are such that an operating deficit
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