Page 315 - CityofHasletFY25AnnualBudget

CITY OF HASLET

FISCAL AND BUDGETARY POLICY STATEMENTS

I. Statement of Purpose

The intent of the following Fiscal and Budgetary Policy Statements is to enable the
City to achieve and maintain a long-term stable and positive financial condition. The
watchwords of the City’s financial management include integrity, prudent
stewardship, planning, accountability, and full disclosure.

The more specific purpose is to provide guidelines for planning and directing the
City’s day-today financial affairs and in developing recommendation to the City
Administrator and City Council.

The scope of these policies includes:

 accounting, auditing and financial reporting;
 internal controls;
 operating budget management;
 capital budget and improvement programs;
 asset management;
 revenue management
 expenditure control;
 financial conditions, reserves and stability ratios;
 debt management; and
 staffing and training.

These policies are designed to benefit the City by:

 Ensuring the fair and full disclosure of the financial position and the results of
financial operations are in conformity with Generally Accepted Accounting
Principles (GAAP), and
 Adhering to compliance with finance related legal and contractual issues in
accordance with the provision of the Texas Local Government Code and other
applicable legal mandates.

Haslet Adopted Budget FY 2024-2025 313