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Modifications to the City's Budget and Financial Policies <br />June 6, 2017 <br />Page 3 <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item allows the City to meet Goal #4 — City Financial Stability, Objective #1 <br />(maintain a stable, efficient and transparent financial environment). <br />FISCAL IMPACT <br />Adoption of the recommended changes will preserve the current operating reserve value and <br />would allow the use of one-time revenue to balance the Fiscal Year 2017-18 General Fund <br />Operating Budget. <br />Francisco Gutierrez <br />Executive Director <br />Finance and Management Services Agency <br />Exhibit: 1. Budget and Financial Policies (red -lined) <br />65C-3 <br />