HomeMy WebLinkAboutresolution.council.143-25RESOLUTION NO. 143
(SERIES OF 2025)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ASPEN,
COLORADO UPDATING THE CITY OF ASPEN FINANCIAL AND
INVESTMENT POLICIES
WHEREAS, the financial and investment policies represent the best practices of
governmental financial management and establishment of guidelines for financial
planning, expenditures and revenues; and
WHEREAS, the financial and investment policies help to ensure the City maintain
sufficient reserves, maximizes the effectiveness of its expenditures and preserve the safety
of the City's public funds; and
WHEREAS, the Governmental Financial Officers Association (GFOA)
recommends the establishment of formal financial policies to guide governmental decision
making, develop approaches to achieve goals, develop a budget consistent with achieving
these goals, evaluate performances and make adjustments; and
WHEREAS, periodic review and modification of these policies create a robust and
healthy process for ensuring that these policies remain applicable to the goals of the City
Council and of the Community.
NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF
THE CITY OF ASPEN, COLORADO
That the City Council for the City of Aspen does hereby approve of the updated
financial and investment policies attached hereto, including the changes driven by
amendments to the Colorado State Statutes.
RESOLVED, APPROVED, AND ADOPTED FINALLY by the City Council of the City
of Aspen on this 18th day of November 2025. V
Rachael
I, Nicole Henning, duly appointed and acting City Clerk of the City of Aspen, Colorado,
do hereby certify that the foregoing is a true and correct copy of the Resolution adopted by
the City Council at its meeting held on November 18, 2025�--� r\ /
MIL
t /, Mn a IAN
Nicole Henning, Ci