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Town of Falmouth, Maine
271 Falmouth Road
Falmouth, ME 04105
town@town.falmouth.me.us
(207) 781-5253

 
July 22 Agenda Item 10
Attachments:
Attachment NameAttachment SizeAttachment Date
Size: 20K
Last Updated: 2013/7/17
Size: 130K
Last Updated: 2013/7/10
Size: 113K
Last Updated: 2013/7/10
Size: 261K
Last Updated: 2013/7/10
Size: 364K
Last Updated: 2013/7/10
Size: 292K
Last Updated: 2013/7/10
Subject:
Order to adopt new and revised financial management policies.

A public comment period will be included with this item (3 minutes).

ACTION: Council action is anticipated.
Summary:
The Town Council has previously adopted a Capital Improvement Plan and Policy and a Fund Balance Policy.

Staff has previously developed and utilized an Investment Policy without formal Council adoption.

There are two other policies that should be developed including a Debt Policy and Post Issuance Compliance and Monitoring Policy.

Adoption of these policies, including several amendments, will formalize past practice and offer future elected and appointed officials with direction for financial management expectations.

A copy of all five policies are attached.

 

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