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Scottsdale treasurer reviews city financial policies; commissioners press for clearer maintenance funding
Summary
City Treasurer Sonya Andrews summarized Scottsdale's comprehensive financial policies, emphasizing balanced-budget rules, budgetary controls and reserve and contingency distinctions. Commissioners pressed staff to define and strengthen dedicated funding for long-term maintenance and asset replacement.
Sonya Andrews, the City of Scottsdale's treasurer and chief financial officer, presented the city's comprehensive financial policies at the Budget Review Commission meeting Feb. 28, outlining rules on fiscal planning, budget controls, reserves and contingency use.
Andrews told commissioners the document is 27 pages and that the policies aim to promote long-term financial forecasting, require a balanced budget and restrict the use of one-time revenues for recurring costs. "The balanced budget policy relates to making sure that we do not use one-time nonrecurring sources to fund continuing recurring uses or use external borrowing for operational requirements," Andrews said.
The presentation highlighted several standing controls: department- and fund-level budgetary control that requires City Council approval…
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