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A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF TUKWILA, WASHINGTON, ADOPTING UPDATED <br />POLICIES RELATED TO THE FINANCIAL PLANNING <br />MODEL AND OTHER GENERAL FINANCIAL POLICIES; <br />AND REPEALING RESOLUTION NO. 1897. <br />WHEREAS, the City Council and Mayor are committed to high standards of financial <br />management; and <br />WHEREAS, adopting and periodically updating and revising financial policies are <br />important steps toward ensuring consistent and rational financial management; and <br />WHEREAS, policies related to the Financial Planning Model and other general <br />financial policies are essential components of an overall financial management policy; <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, <br />WASHINGTON, HEREBY RESOLVES AS FOLLOWS: <br />Section 1. Financial policies related to the Financial Planning Model and policies of <br />a general nature, as evidenced in Exhibit A, are adopted. <br />Section 2. The financial policies related to the Financial Planning Model and other <br />general financial policies shall be reviewed on a regular basis and updated as necessary. <br />Section 3. Repealer. Resolution No. 1897 is hereby repealed. <br />W:\Word Processing\Financial Planning Model policies and other general financial policies 10-19-18 <br />LH:bjs <br />Page 1 of 2 <br />33 <br />