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The City of La Porte Financial Management Policiesprovides a basic framework for the overall fiscal <br />management of the City. The policies represent a foundation to address changing circumstances and <br />conditions, and assist in the decision making process. The financial policies represent guidelines for <br />evaluating both current activities and proposals for future programs. <br />The Financial Management Policies reflect long-standing principles and practices, which have enabled the <br />City to maintain its financial stability. It is intended that the policies be reviewed annually so that the <br />guidelines represent a realistic, current framework for public policy decisions. Policy statements are <br />included for the following areas: <br />Operating Budget Policies <br />Revenue Policies <br />Fund Balance / Reserve Policies <br />Debt Policies <br />Capital Budget Policies <br />Accounting Policies <br />Investment Policies <br />In addition to the policies listed above, the City has or is implementing the following Recommended <br />Practices established by the Government Finance Officers Association. <br /> <br />