Title
Draft Resolution - Review and Approval of Budget Policy Amendments - J Davis
Other Info
Submitted By: Sylvia Romero on behalf of John Davis
Department: Chief Financial Officer
Financial Impact and Cost/Benefit Considerations: If any, as discussed.
Discussion
Pursuant to the Board’s Policy on Policies, the Board routinely reviews all Board policies as part of its policy management. Under the Board’s approved review schedule, the Board may now consider review of Budget Policy. The purpose of this policy is to establish the framework and process for developing, adopting, comparing planned to actual spend, and amending the Budget as may be necessary, from time to time.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS that pursuant to its regular review of Board policies, the Board has reviewed and adopts the Budget Policy with attached amendments, and with such changes, if any, as were approved by the Board; and
BE IT FURTHER RESOLVED that the Chief Executive Officer, or designees, are authorized to take all such action as may be necessary to implement this resolution.