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LL Ciotyof Louisville <br />COLORADO - SINCE 1878 <br />General Policies <br />FINANCIAL POLICIES <br />Policy Section: 1 <br />Adopted by: Council Action <br />Effective Date: November 4, 2019 <br />Purpose and Scope <br />General Policies are financial policies that are not easily categorized under any of the other <br />policy sections. Among other things, these policies will direct management to calculate specific <br />information about the City of Louisville's current fiscal condition, past and future trends, as well <br />as providing guidelines for making fiscal decisions and assuring that the City continues to <br />pursue a financially prudent course. <br />Policies <br />1.1 Financial Indicators. The City of Louisville shall annually calculate and publish financial <br />indicators consistent with those listed in Appendix "A". All indicators shall be calculated as <br />of year-end and published in the biennial budget document, along with the previous year's <br />indicators for up to ten years. Any indicator that shows a warning trend when compared to <br />prior years shall be more closely analyzed for reasons why a change has occurred. <br />13 <br />