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EXHIBIT A <br />City of Tukwila <br />Financial Planning Model Policies <br />The six -year "Financial Planning Model and Capital Improvement Program" is the primary <br />financial policy document. It represents the culmination of all financial policies. <br />Revenues <br />Policy FP-1: Revenues will be estimated on a conservative basis. Increases <br />greater than inflation in the schedule known as the 6-Year Financial Plan — General <br />Fund Revenues and Expenditures will require additional documentation. <br />Policy FP-2: Major revenue sources will require explanation in the document known <br />as Notes to 6-Year Financial Plan - Revenues, Expenditures and Fund Balance. <br />Operating Expenditures <br />Policy FP-3: Expenditures for the General Fund operations (schedule known as <br />General Fund Maintenance and Operations Detail will only include basic inflationary <br />increases at the beginning of the budget preparation process. Proposed increases <br />in programs or personnel will require an issues and options paper and Council <br />approval before being added to the operating expenditures estimate. <br />Capital Expenditures <br />Policy FP-4: Project capital grants with local matching requirements can only be <br />applied for with approval by the appropriate City Council Committee. Grant <br />applications should generally be made only for projects listed in the six -year Capital <br />Improvement Program, although exceptions can be made with approval by the <br />appropriate City Council Committee. <br />Policy FP-5: If the proposed grants or mitigation are either not funded or are <br />reduced, the respective project will be reevaluated on the basis of its value and <br />priority level placement in the Capital Improvement Program. <br />Policy FP-6: The financing of limited benefit capital improvements (i.e. private <br />development) should be borne by the primary beneficiaries of the improvement. <br />The principle underlying limited benefit is that the property is peculiarly benefited <br />and therefore the owners do not in fact pay anything in excess of what they receive <br />by reason of such improvement. <br />Page 1 of 2 <br />153 <br />