City of Long Beach - File #: 13-0834

• File #: 13-0834
• Version: 2
• Name: 091613 - BOC updated Financial Policies
• Type: Agenda Item
• Status: Approved
• File created: 9/12/2013
• In control: City Council
• On agenda: 10/8/2013
• Final action: 10/8/2013
• Title: Recommendation to City Council to approve the Financial Policies with an additional policy that 5% of one-time revenues be set aside for unfunded liabilities.
• Sponsors: COUNCILMEMBER GARY DELONG, THIRD DISTRICT, CHAIR, Budget Oversight Committee

Date	Ver.	Action By	Action	Result
10/8/2013	2	City Council	approve recommendation	Pass
9/16/2013	1	Budget Oversight Committee	recommend	Pass

TITLE

Recommendation to City Council to approve the Financial Policies with an additional policy that 5% of one-time revenues be set aside for unfunded liabilities.

SUGGESTED ACTION

Approve recommendation.