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Boerne council adopts update to financial management policy to align procurement, reporting and risk rules
Summary
The Boerne City Council on April 8 approved Resolution 2025‑R23 to revise the city's Financial Management Policy so it aligns with recently adopted procurement and purchasing-card policies, GASB guidance and other regulatory requirements.
The Boerne City Council on April 8 unanimously adopted Resolution 2025‑R23, approving revisions to the city's Financial Management Policy intended to align the document with recently adopted procurement and purchasing-card policies and with applicable accounting and regulatory guidance.
City staff said the update creates a single, unified financial policy handbook that cross-references several stand-alone policies used for audit, employee acknowledgement and regulatory reporting.
Sarah Bakkerlou, staff member (presenter), told the council the city is consolidating and clarifying where specific policies live. "We're creating a uniform unified financial policy handbook. The financial management policy is the the main policy," Bakkerlou said, adding that some policies remain separate because they are provided annually to investors or regulators. She cited the investment policy required by the Public Funds Investment Act and an ERCOT risk-management policy that is submitted annually so the city may participate in ERCOT market mechanisms such as congestion revenue rights.
The measure also included a broader wording "scrub" to ensure terminology is consistent with Governmental Accounting Standards Board (GASB) guidance, the city's Home Rule Charter and the city's newly adopted procurement and P‑card policies. Bakkerlou said the policy update specifically reworks Section 5 to refer to the stand-alone procurement policy to avoid conflicts.
Councilor Macaluso asked whether the city receives congestion-revenue payments from ERCOT; Bakkerlou said the city sometimes does when it participates in the market but currently is not participating. "It's one of the many financial tools that we could use if we wanted to participate in it," she said, and staff said the council will consider a future briefing on market participation options (for example, congestion revenue rights versus a hedge or swap).
Councilman Williston moved approval of Resolution 2025‑R23; Councilwoman Wright seconded. The motion passed 5–0.
Staff indicated the revisions are intended to improve audit transparency and operational clarity and to reduce the need for piecemeal updates across multiple documents when one policy changes. The council did not request further amendments at the meeting.
Votes at a glance Resolution 2025‑R23 — Adopt revisions to the Financial Management Policy: Motion by Councilman Williston; second by Councilwoman Wright; outcome: approved, 5–0.
Speakers quoted in this article are listed in the meetings' official transcript.
