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HomeMy WebLinkAboutORDINANCE NO. 06-11-05ORDINANCE NO. 06-11-05 STATE OF GEORGIA COUNTY OF FULTON AN ORDINANCE TO ADOPT AND APPROVE POLICIES RELATING TO ACCOUNTING. AUDITING, FINANCIAL REPORTING, BUDGETARY, CAPITAL ASSETS, CASH AND INVESTMENT MANAGEMENT, DEBT MANAGEMENT, ELECTED OFFICIALS EXPENDITURES, EXPENDITURES/EXPENSES, GRANT MANAGEMENT, POLICY ON CELL PHONES AND OTHER ELECTRONIC DEVISES, RECORD RETENTION, REVENUE ADMINISTRATION, AND TRAVEL AND MEAL EXPENDITURES, COMPRISING THE FINANCIAL MANAGEMENT PROGRAM FOR THE CITY OF MILTON GA; TO PROVIDE FOR GUIDANCE IN ADMINISTERING SUCH POLICIES; AND FOR OTHER PURPOSES The Council of the City of Milton hereby ordains while in special session on the 14th day of November, 2006 at 6:00 pm.: WHEREAS, it is necessary, from time to time, to establish policies and procedures consistent with the administration of a municipal government in alignment with federal, state, and local regulations; and WHEREAS, the City Treasurer in conjunction with the City Manager has comprehensively developed the Financial Management Program, consisting of accounting, auditing, financial reporting, budgetary, capital assets, cash and investment management, debt management, elected officials expenditures, expenditures/expenses, grant management, policy on cell phones and electronic devises, purchasing, record retention, revenue administration, and travel and meal expenditures policies in order to provide guidance and direction to City officials and employees, to establish standard policies for recurring matters, to establish strong internal controls and legal compliance, and to provide for an efficient and effective means to operate the government; and WHEREAS, upon adoption, staff will incorporate the above policies into the Financial Management Program, and into the City's daily operations to effectuate the management of finances and operations; and WHEREAS, the City intends to utilize these policies and procedures in all applications which warrant such oversight. NOW, THEREFORE, THE COUNCIL OF THE CITY OF MILTON HEREBY ORDAINS that: SECTION 1. That the Ordinance relating to the Financial Management Program is hereby adopted and approved; and is attached hereto as if fully set forth herein; and, SECTION 2. That this Ordinance shall be designated as the Financial Management Program of the City of Milton, GA; and, SECTION 3. That staff is hereby directed to develop operating procedures and practices consistent with the nature and scope of the policies attached hereto; and Pagel of 2 SECTION 4. This Ordinance shall be effective on December 1, 2006. ift" ORDAINED this 21 S` day of November, 2006. Attest: Page 2 of 2 Approved: l/ Joe Lockwo d, or -dOor r City of Milton I � georgia FINANCIAL MANAGEMENT PROGRAM ACCOUNTING, AUDITING AND FINANCIAL REPORTING Developed under the Authority of the City Council by the City Manager's Office, and Approved by ordinance no. 06-11-05 on November 21, 2006. Page 1 of 4 City of Milton Financial Management Program SECTION I. ACCOUNTING The City shall maintain a system of financial monitoring, control, and reporting for all operations and funds in order to provide an effective means of ensuring that financial integrity is not compromised. In addition, such practices shall provide City officials with the necessary resources in order to make sound financial decisions. A. SCOPE This policy applies to all accounting records that are the responsibility and under the management of the City's City Treasurer's Office. B. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) The City will establish and maintain a high standard of accounting practices. Accounting standards will conform to generally accepted accounting principles of the United States as promulgated by the Governmental Accounting Standards Board (GASB). The City also will follow the Financial Accounting Standards Board's pronouncements, as applicable. C. FUND STRUCTURE The City will maintain the minimum number of funds consistent with legal compliance and sound financial administration. The City will adhere to the mandatory fund structure included in the Georgia Department of Community Affairs' (DCA) chart of accounts (see below). Funds shall be classified in conformity with GAAP. Further, all funds shall be reported within the annual financial statements. D. CHART OF ACCOUNTS The Georgia General Assembly passed the Local Government Uniform Chart of Accounts and Reporting Act in 1997 (House Bill 491). This law requires the DCA to prepare and issue a standardized chart of accounts for Georgia governments. It shall be the policy of the City to implement and utilize the account classifications as the chart of accounts prescribes. SECTION II. AUDITING Georgia Law on Local Government Audits, O.C.G.A. Section 36-81-7, requires an independent annual audit for the City. The annual independent audit shall be conducted in accordance with generally accepted auditing standards (GAAS) and generally accepted governmental auditing standards (GAGAS). In addition, the City shall comply with the requirements of the General Accounting Office (GAO) and the Office of Management and Budget (OMB) when audits are conducted relating to federal funding, consistent with the 1996 (and any future) amendments to the Single Audit Act. A. SCOPE This policy applies to all funds that are the responsibility and under the management of the City of Milton. Page 2 of 4 City of Milton Financial Management Program B. AUDITOR QUALIFICATIONS A properly licensed Georgia independent public accounting firm shall conduct the audit. C. CHOSING THE AUDIT FIRM Every three to five years, the City will issue a request for proposal to choose an audit firm for a period of three years with two one year renewal options. The City will request two proposals from qualified public accounting firms. One proposal shall contain the firm's costs and a second will contain the firm's qualifications. When awarding the contract for the independent audit, not less than 70% of the decision will be based upon technical qualifications rather than cost. C. AUDITING AGREEMENT The agreement between the independent auditor and the City shall be in the form of a written contract or an engagement letter. The contract or engagement letter shall include the request for proposal as an appendix to the written document and all issues addressed in the request for proposal shall be required as part of the contract or engagement letter. D. INTERNAL AUDIT The City shall develop, and once developed, maintain a strong internal audit function, whereby applying financial practices and policies to transactions. The City shall develop accounting practices and procedures, which will be documented for use in internal control evaluation. E. MALFEASANCE AND EMBEZZLEMENT Any employee will be prosecuted to the extent of the law in any instance where the employee is proven to have committed an illegal act such as theft. SECTION III. FINANCIAL REPORTING The City shall develop and maintain an ongoing system of financial reporting to meet the information needs of the government, authorities, and regulatory agencies. In addition, the City Manager, Mayor, Council, Department Heads and the public shall have access to reports to allow them to monitor, regulate, and to use as a basis for future financial decisions. A. COMPREHENSIVE ANNUAL FINANCIAL REPORT In conjunction with the annual independent audit, the City shall prepare and publish a Comprehensive Annual Financial Report (CAFR). The City shall prepare the CAFR in conformity with GAAP and the Government Finance Officers Association's (GFOA) program requirements. Annually, the City will submit its CAFR to the GFOA to determine its eligibility to receive the GFOA's "Certificate of Achievement for Excellence in Financial Reporting." The City shall make this report available to the elected officials, bond rating agencies, creditors and citizens. Page 3 of 4 City of Milton Financia/ Management Program All financial statements and schedules contained within the CAFR shall be audited, with the purpose to effectively communicate the complete financial affairs of the City to all interested readers. B. ANNUAL BUDGET DOCUMENT The City shall prepare and publish an annual budget document in accordance with the policies contained within this document. This budget shall measure the annual funding and forecast the financial position of the City for the two subsequent fiscal years. This document shall be prepared in conformity to the GFOA program requirements. Annually, the City will submit the budget to the GFOA to determine its eligibility to receive the GFOA's "Distinguished Budget Presentation Award." The City shall make the report available to elected officials, citizens, and any interested parties. C. ANNUAL CITIZEN'S REPORT In order to provide citizens with financial information that is easily disseminated, the City shall coordinate the publication of an annual report to the citizen's (e.g., a popular report) which includes financial details. The citizen's report shall be in addition to the CAFR. This report shall be in conformance with GAAP, and follow the recommendations of the GFOA's "Popular Annual Financial Report" (PAFR) program guidelines. The City shall submit the Annual Citizen's Report to the PAFR program to determine it eligibility to receive the award. D. FINANCIAL REPORTING TO THE CITY COUNCIL On a monthly basis, the City Treasure's Office shall prepare and present a summarized "Statement of Revenues and Expenditures" to the City Council for all of the City's operating funds. The City also shall prepare a "Capital Project" report outlining appropriations (if any), expenses, outstanding encumbrances, and available appropriable balances. E. FINANCIAL REPORTING TO THE ADMINISTRATION In addition to the external reporting detailed above, the City Treasurer's Office shall coordinate the reporting needs of each department in order to design and implement those reports which the departments need to make sound business decisions. At a minimum, departments will receive reports detailing monthly department financial activity including revenues, expenses, any personnel costs in excess of the approved budget, and recommended budget line -item re -allocations. G. EXTERNAL FINANCIAL REPORTING The City shall report in conformity with O.C.G.A Section 36-81-7. A copy of the City's annual audit (i.e., the CAFR) shall be submitted to the Georgia Department of Audits and Accounts within 180 days of year-end, as required. Additionally, all external reports as required by the regulatory agencies shall be completed and filed as prescribed by state and federal law. Page 4 of 4 � r City of Milton georgia FINANCIAL MANAGEMENT PROGRAM BUDGETAR Y POLICIES Developed under the Authority of the City Council by the City Manager's Office, and Approved by ordinance no. 06-11-05 on November 21, 2006. Page 1 of 7 City of Mi/ton Financia/ Management Program SECTION I. GENERAL BUDGET POLICIES The budget process provides the primary mechanism by which key decisions are made regarding the levels and types of services to be provided within estimated resources. Budget policy guides this process. Budget policy also directs the City's financial health and stability. Georgia law (e.g., O.C.G.A. 36-81-2 et seq.) provides the budget requirements for Georgia local governments. The information below provides an outline of the City's application of those laws. The City's goal will be to adopt operating budgets where current revenues equal anticipated expenditures once operating reserves are met. All departments supported by the resources of this City must function within the limits of the financial resources identified or available specifically to them. A balance must be struck between revenues and expenditures, so that the public can realize the benefits of a strong and stable government. It is important to understand that this policy is applied to budget entities over periods of time which extend beyond current appropriations. By law, budgets cannot exceed available resources, defined as revenues generated in the current period added to balances carried forward from prior years. Temporary shortages, or operating deficits can and do occur, but they are not tolerated as extended trends. A. SCOPE This policy applies to all budgeted funds, which are the responsibility, and under the management of the City of Milton. B. FINANCING CURRENT COSTS Current costs shall be financed with current revenues, including the use of authorized fund balances. The City is prohibited from balancing current expenditures through the obligation of future year's resources. The City shall strive to avoid short-term borrowing to meet cash flow requirements. However, the City may enter into short-term borrowing should a critical need arise. C. BUDGET OBJECTIVE BY TYPE OF FUND The following budget objectives are established for the different funds the City uses: 1. General Fund — The annual budget for the General Fund shall provide for general government operations of the City and maintain working capital necessary for the City's financial health and stability. 2. Special Revenue Fund(s) — The City adopts annual budgets for each special revenue fund that demonstrates any legally restricted revenue sources are used consistent with the applicable laws and/or regulations (i.e. Emergency 911 Fund, Impact Fee Fund, etc.). 3. Capital Project Fund(s) — The City adopts project budgets for each of its capital project funds. These adopted appropriations do not lapse at the end of a fiscal year; rather they remain in effect until project completion or re -appropriation by City Council. 4. Debt Service Fund(s) — The City adopts annual budgets for its debt service funds as applicable. Any remaining fund balances from prior years plus current Page 2 of 7 City of Milton Financial Management Program years projected revenues shall be sufficient to meet all annual debt service requirements. 5. Enterprise Fund(s) - Although generally accepted accounting principles (GAAP) and Georgia statutes do not require the City to adopt budgets for enterprise funds, the City shall adopt budgets for its enterprise funds in order to monitor revenues and control expenses. The City uses a business approach when budgeting enterprise funds. Enterprise funds shall be self-supporting whenever possible and subsidized losses will be minimized when break-even is not possible. See revenue policies. Additionally, the City classifies funds as either operating funds or non-operating funds. Operating funds are those funds that include appropriations for the payment of salary/benefits and whose maintenance & operating appropriations are necessary to continue the daily operations of the City. The General Fund will always be an operating fund. Non-operating funds are those funds that do not include appropriations for the payment of salary/benefits and whose maintenance & operating appropriations are not critical to the daily operations of the City. SECTION II. OPERATING BUDGET The operating budget shall be prepared on an annual basis and include those funds detailed in Section I that are subject to annual appropriation (all funds excluding the Capital Project Funds). Prior year budget appropriations and prior year actual data will be provided as reference data, with the current year appropriation and projection of expenditures. At a minimum, the City shall adopt annual balanced budgets for the general fund, each special revenue fund, and each debt service fund in accordance with O.C.G.A. 36-81-3. The annual proposed budget should be submitted to the governing authority in accordance with the City of Milton's Charter while being held by the City Manager's Office for public review/inspection in accordance with O.C.G.A. 36-81-3. Public meetings will be conducted after proper advertisement prior to the City Council adopting and approving the annual budget document. (O.C.G.A. 36-81-5 and 36-81-6). A. DEPARTMENTAL APPROPRIATIONS The budget shall be developed based upon "line -item" expenditures within each department. This type of budget focuses on categories of expenditures such as personal services, contractual services, supplies, equipment, etc. within each department. At a minimum, each department's appropriation in each fund shall be detailed within the budget document. (O.C.G.A. 36-81-3 and 36-81-5). B. PERFORMANCE BUDGET In addition to requesting expenditures by line item, the budget document shall include "performance" budget information. A performance budget provides information on each of the departments' core deliverables as they relate to services received by the constituents of the City. A performance budget also utilizes "Service Efforts and Accomplishments" which measure performance of services rendered and department efficiency/effectiveness on a historical basis and project targets of the indicators for the upcoming budget year. The City shall strive to maximize services delivered through innovation, efficiency, effectiveness, and industry best practices and reduce, where possible, expenses which do not contribute to the core deliverables, goals, and objectives of the department, organization, Mayor, and City Council. Page 3 of 7 City of Mi/ton Financial Management Program C. BUDGET PREPARATION CATEGORIES Each department shall submit budget requests separately for: ❑ Status quo services - A current services budget is defined as that level of funding which is necessary to provide the same level of service for the upcoming year that is currently being provided. The current services budget will include replacement of capital equipment and maintenance of existing systems. ❑ Enhanced services - An enhanced services budget includes funding requests associated with new services or improved services including additional personnel or new capital projects/equipment which directly correspond to a core service delivered to constituents identified as a goal of the department, City Manager, Mayor, or City Council. D. BALANCED BUDGET The budget shall be balanced for each budgeted fund. Total anticipated revenues plus that portion of fund balance in excess of authorized reserves (see operating budget policy H below) that is designated as a budget -funding source shall equal total estimated expenditures for each fund. E. BASIS OF BUDGETING Neither GAAP nor Georgia statutes address a required budgetary basis of budgeting; however, the City shall adopt budgets in conformity with GAAP for all budgeted funds. All governmental funds shall use the modified accrual basis of accounting and proprietary funds shall use the accrual basis of accounting for budgeting purposes. F. LEVEL OF BUDGET ADOPTION AND CONTROL All budgets shall be adopted at the legal level of budgetary control, which is the department level within each individual fund. See section K below for amending the budget. G. BUDGET STABLIZATION RESOURCES The City shall establish a fund balance reserve in all operating funds (defined in Section I of this policy) for working capital. The purpose of working capital is to cover the cost of expenditures caused by unforeseen emergencies, cover shortfalls caused by revenue declines, and to eliminate any short-term borrowing for cash flow purposes. This reserve shall accumulate and then be maintained at an amount, which represents no less than two (2) months of operating and debt expenditures (approximately 16% of budgeted expenditures). Upon incorporation of the City, no reserve exists. The City shall establish the 16% reserve requirement referenced above over a minimum three year period and maximum five year period. Such reserve shall be discussed during the annual financial planning process so that a clear understanding is maintained by the Mayor and City Council of the City's progress in meeting the reserve requirements. H. UTILIZATION OF PRIOR YEAR'S FUND BALANCE IN BUDGET Page 4 of 7 City of Mi/ton Financia/ Management Program If necessary, the City may use fund balance in excess of the reserve for working capital (see budget policy G above) as a funding source for that fund's budget in any given year. The amount of unreserved fund balance shall be estimated conservatively, taking into consideration future year needs. The minimum requirement for the reserve for working capital, equal to two (2) months of operating and debt expenditures, must first be met before utilizing the excess fund balance as a funding source for the budget. The utilization of fund balance shall be deemed a use of one-time revenues for budgeting purposes 1. APPROPRIATION LAPSES AT YEAR END All operating budget appropriations (including encumbered appropriations) shall lapse at the end of a fiscal year. Purchases encumbered in the current year, but not received until the following year, must be charged against a department's subsequent year appropriation. J. BUDGET CONTROL REPORTS The City shall maintain a system of budgetary control reports to assure adherence to the budget. The City will prepare and distribute to departments, timely monthly financial reports comparing actual revenues, and outstanding encumbrances and expenditures with budgeted amounts. K. AUTHORIZATION OF BUDGET ADJUSTMENTS AND AMENDMENTS The budget is a dynamic rather than static plan, which requires adjustments and formal budget amendments as circumstances change. The Mayor and City Council must approve all increases in total departmental appropriations in accordance with O.C.G.A. 36-81-3 et seq. Department Heads may submit budget amendment requests transferring appropriations from one line item to another within the specific department appropriation and the fund, other than those prohibited above, and obtain approval by the City Manager. Adjustments from appropriations that have been obligated, committed, or reserved for a designated purpose shall not be transferred until a formal de -obligation occurs. L. CONTINGENCY LINE -ITEM The City shall establish an appropriated contingency of one percent of the total annual expenditure appropriation in all operating funds (defined in Section I of this policy) in order to accommodate unexpected operational changes, legislative impacts, or other economic events affecting the City's operations which could not have been reasonably anticipated at the time the budget was prepared. Non-operating funds (defined in Section I of this policy) shall not require a contingency reserve appropriation. This contingency reserve appropriation will be a separate line item within the budget. This amount shall be subject to annual appropriation. The approval of the City Manager is required before this appropriation can be expended. If approved, the appropriation from the contingency line item to the applicable line item(s) with the applicable department's budget will occur. M. MAINTENANCE AND REPLACEMENT OF CAPITAL EQUIPMENT The Mayor and City Council will give budget priority to requests that provide for adequate maintenance of capital equipment and facilities and for their orderly replacement. Page 5 of 7 City of Mi/ton Financia/ Management Program N. CONTRIBUTIONS Outside contributions to programs operated by City departments shall be subject to the City's accounting and budgetary policies. The City welcomes both unrestricted and restricted contributions compatible with the City's programs and objectives. Any material contribution shall be approved and accepted by the Mayor and City Council prior to expenditure. Material contributions shall be defined as one-time contributions exceeding one percent of the department's annual maintenance and operating expenditure appropriation or $25,000, whichever is less. O. ADMINISTRATIVE SERVICE FEE/COST ALLOCATION Whenever possible, the City may assess an administrative service fee from the General Fund to any other fund, based upon documentation and/or an outside independent study. This assessment will be based upon a percentage of the operating revenues, or services provided to the fund and shall be used to reimburse the General Fund for the administrative and support services provided to the assessed fund. P. ONE-TIME REVENUE SOURCES Non-recurring revenues shall be utilized within the appropriate fund for items relating to non- recurring expenses. The purpose of limiting these funding sources is to eliminate the fluctuations in funding operations with non -sustainable resources. One-time revenues shall be distinguished during the budget process and budget presentation so that a match can be made with non-recurring expenditures. SECTION III. CASH FLOW BUDGET For analysis and internal management purposes, the City shall prepare an annual cash flow budget in conjunction with the Operating Budget. The purpose of this document will be to provide the necessary guidelines to insure that cash will be available to pay budget costs on a timely basis. A. BUDGET ALLOTMENTS Budget allocations (i.e., budget allotments) are used in the operating budget, when needed to manage cash flows. The annual appropriation may be divided into segments in order to insure that the projected revenue streams will be adequate to fund the appropriated expenditures. The cash flow budget will provide details as to the periods in which the revenues will be collected, and thereby providing for available resources to pay obligations. SECTION IV. CAPITAL PROJECT IMPROVEMENT PLAN The City will prepare a five-year capital project improvement plan (CIP) which will be updated annually. This plan will assist in the planning, acquisition, and financing of capital projects. A major capital project generally is defined as an expenditure that has an expected useful life of more than 3 years with an estimated total cost of $50,000 or more, or an improvement/addition to an existing capital asset. Examples include building/infrastructure construction, park improvements, streetscapes, computer systems, land acquisitions, heavy duty trucks. Page 6 of 7 City of Mi/ton Financia/ Management Program Major capital projects will be budgeted in the Capital Improvement Fund consistent with all available resources. With the involvement of the responsible departments, the City Treasurer's Office will prepare the capital budget in conjunction with the operating budget. A. PROJECT LENGTH BUDGET The CIP budget shall be developed based upon defined projects approved by the Mayor and City Council. Budget appropriation shall include the complete project costs with contingency amounts as appropriate and if available. (O.C.G.A. 36-81-3) B. BUDGET PREPARATION Each department, in conjunction with the Mayor and City Council, will identify potential capital projects throughout the year. All identified projects will be added to the CIP document, regardless of available funding. These needed projects will provide a method of tracking and planning for the future needs of the City. Every effort will be made to identify those projects committed by the City Council through legislative action. C. BUDGET CONTROL REPORTS The City shall maintain a system of budgetary control reports to assure adherence to the budget. The City will prepare and distribute to departments, timely monthly financial reports comparing actual revenues, and outstanding encumbrances and expenditures with budgeted amounts. D. AUTHORIZATION OF BUDGET ADJUSTMENTS AND AMENDMENTS The reallocation of budgetary appropriations for Capital Projects shall occur when the project having available funds is substantially complete or the priority of the project has changed. All obligations and encumbrances shall be covered prior to any transfer being completed. Unused appropriations from existing projects can only be used for those projects deemed necessary and acceptable recipients of appropriations during the annual budget process. Projects receiving appropriations shall be the next in-line for funding, based upon the existing project priority at the time the appropriation occurs. The City Manager shall review and approve all requests for budget adjustments. E. APPROPRIATIONS AT YEAR END Capital project appropriations shall carry forward to the subsequent budget period an equal amount of any encumbrances/purchase orders issued as of the close of the fiscal year plus any unencumbered amount. Purchases encumbered in the current year, but not received until the following year, must be charged against each department's subsequent year carry- over appropriation. Any remaining appropriation available by project at year-end must be re - appropriated. F. CONTINGENCY ACCOUNT The City shall include an appropriated contingency of three percent of the total annual expenditure appropriation in the Capital Project Fund in order to accommodate expenditures that may not have been expected during the duration of a capital project. Expenditure of contingency funds shall only be authorized in accordance with the Change Order Policy outlined within the purchasing section of the Financial Management Program. All contingency budgets shall be subject to annual appropriation. Page 7 of 7 �.- AML City of Milton r� georgic FINANCIAL MANAGEMENT PROGRAM CAPITAL ASSET POLICIES Developed under the Authority of the City Council by the City Manager's Office, and Approved by ordinance no. 06-11-05 on November 21, 2006. Page 1 of 5 City of Mi/ton Financia/ Management Program CAPITAL ASSETS A. INTRODUCTION The Capital Asset Policy is designed to provide a comprehensive description of the capital asset and property systems of the City of Milton. The primary purpose of the policies are to provide for consistent and uniform accounting of capital asset transactions throughout the City; guidelines for physical control and accountability of capital assets; and guidelines for disposal and depreciation of capital assets. B. DEFINITIONS Asset Acquisition: There are various methods by which the City acquires assets. These methods include, but are not limited to: purchase, donation, lease/purchase, trade-in, forfeiture, condemnation, internal/external construction, transfers from other governments, or any other method which transfers title of any property to the City. Leased Assets: The City capitalizes assets, acquired under capital lease, provided they meet the capitalization threshold and a buy-out option is included in the lease agreement. The capital lease must meet accounting standards for capitalization purposes. For capital leases, where the title of the asset will ultimately be transferred to the City, the asset will be capitalized at the net present value of future minimum lease payments. The City does not capitalize assets they acquired under operating leases. Gifts/Donations: The City capitalizes all equipment acquired through donations at fair market value on the date of the transaction, provided such gift or donation meets the capitalization threshold of this policy. If the equipment is new and the donor can furnish an invoice, the invoice would determine the fair market value. If the equipment is used or no information is available regarding the cost of new equipment on date of acquisition, an appraisal will be conducted to establish the capitalization amount. Property: Property is divided into several classes including: Real property Land and whatever is attached to the land that cannot be readily removed, such as buildings and permanent improvements to the land. Infrastructure is included within this classification. Personal property: Property that is movable and further classified as tangible and intangible. Tangible personal property: Property that is moveable such as furniture, machinery, automobiles, or works of art. Intangible personal property: The right of ownership in property such as bonds, notes, contracts, computer software, programs, and proprietary assets that are created or purchased and owned by the City. Capital Asset: Any real or personal property acquired by the City which has an estimated useful life of three (3) or more years with an acquisition value of $10,000 or more. This includes land, improvements to land, easements, buildings, building Page 2 of 5 City of Milton Financial Management Program improvements, vehicles, machinery, equipment, works of art and historical treasures, infrastructure, and all other tangible or intangible assets that are used in the operations of the government. Asset Capitalization Amount: The City will capitalize purchased assets at acquisition cost plus costs incurred in preparing the asset for use. The City will recognize acquisition costs based on individual unit prices. Generally Accepted Accounting Principles (GAAP) Reporting: All assets capitalized under this policy shall be included in the financial statements issued by the City and in the annual external audit. Gifts/Donations: Gifts and donations are capitalized at fair market value on the date donated, if the value of the asset meets the threshold levels. B. CLASSIFICATION CATEGORIES Land: The City will capitalize all costs incurred to acquire land (without regard to a dollar threshold) and to place it in use. The acquisition costs of land should include: (1) the purchase price; (2) ancillary charges; (3) the assumption of any liens or mortgages on the property; and (4) improvements made to the land that are permanent in nature. Examples of ancillary charges to be included in the capitalization costs are: legal and title fees, closing costs, appraisal and negotiation fees, surveying fees, site preparation fees, demolition costs, architect and accounting fees, insurance premiums during construction phase, and transportation charges. Improvements other than Buildings (IMP): The City classifies improvements to land with limited lives, such as fences, parking lots, and walkways as land improvements. These improvements will be depreciated over their estimated useful lives. Buildings (BLD): If the City purchases a building, the capitalized cost should include the purchase price and other incidental expenses incurred at the time of acquisition. If the building is constructed, the capitalized cost should include material, labor, supervision, and overhead, or the contract price, including costs such as: permits and licenses, architectural and engineering fess, insurance, title costs, and interest incurred on tax exempt debt. Building Improvements: The City capitalizes costs of improvements to a building if the following criteria are met: (1) the expenditures increase the service potential of the building and (2) the total improvement costs, including the contract price, engineering, architectural, and attorney's fees, etc., meet the capitalization threshold of this policy. ❑ Items considered as improvements include: ramps, fire escapes, truck doors or other appurtenances; modifications to comply with fire, health, or safety codes; conversion of unusable to useable floor space, upgrade of the space. Page 3 of 5 City of Milton Financia/ Management Program ❑ Repairs to a building are not considered an improvement unless it extends the useful life of the structure or increases the value of the structure (i.e., a betterment). The City considers ordinary repairs as operating costs. Construction in Progress (CIP): Construction in progress includes accumulation of on-going project costs that increase the value or life of the asset. Upon project completion, the construction account in progress will be closed out and costs will be capitalized into the appropriate asset category (infrastructure, land improvement, building). Moveable Equipment (EQP): Expenditures for individual items or pieces of equipment meeting the capitalization threshold shall be capitalized, consistent with the designations of personal property, both tangible and intangible as outlined above. Infrastructure: Long-lived capital assets that normally are stationary in nature and normally can be preserved for a significantly greater number of years than most capital assets shall be capitalized based on the capitalization threshold requirement of this policy. Examples of infrastructure include roads, bridges, drainage systems, sidewalks, etc. C. ANNUAL INVENTORY Annually, an asset listing is sent to each department for their verification of the existence of their department's capital assets. The department should identify any assets that their department has, which are not included on the asset listing. Also, the department should identify any missing assets. Designated staff will investigate any missing items with the assistance of the department. Significant unaccounted for losses of assets will be brought to the attention of the City Manager for further actions. The City Manager's Office may make an annual physical inventory to verify the accuracy of inventory records. D. TRANSFER OR DISPOSAL OF ASSETS All capital assets are the property of the City. They may not be donated, discarded or transferred to another owner without direct authorization from the City Manager's Office. Departments should notify the City Manager's Office of all surplus assets ready for disposition. The disposition of capital assets the City purchased with federal, state, or other grant funds must follow Federal Guidelines. The guidelines of the specific grant, or Federal general guidelines, will dictate the duration of time that the asset must remain property of the City. The guidelines also will indicate the disposition of the proceeds of from the sale of the asset. In accordance with O.C.G.A. 36-37-6, all sales by the City of real property or personal property with an assigned value of equal to or more than $500 must be offered for purchase, either by sealed bids or by auction to the highest bidder. Notice of the sale must be published once in the official newspaper of the City or in a Page 4 of 5 City of Milton Financial Management Program newspaper of general circulation in the City. The legal notice must appear not less than 15 days or more than 60 days prior to the date of the sale. The notice must contain a brief description of the property and a legal description for real property. If the sale is by sealed bid, the notice shall also contain an invitation for proposals and shall state the conditions of the proposed sale, the address at which bids and other materials may be obtained, and the date, time, and place for the bid opening. Bids shall be opened in public at the time and place stated in the legal notice. The bids shall be kept available for public inspection for 60 days. The City may reject any and all bids or cancel a proposed sale. If the sale is by auction, the notice shall also state the conditions of the sale and shall state the date, time, and place of the proposed sale. As a condition of the sale, a minimum amount may be established for the sale to occur. The Mayor and City Council shall approve by resolution the sale of all real estate prior to any staff action. Property with an estimated value of less than $500.00 may be sold without regard to the above provisions. Such sales may be made in the open market without advertisement and without acceptance of bids. The City has the power to estimate the value of the property being sold. E. DEPRECIATION The City records depreciation for its capital assets monthly. Depreciation is calculated using the straight-line method with no estimated salvage values. For purchased capital assets, the City uses the invoice date as the in service date. F. ESTIMATED USEFUL LIFE For purposes of depreciation, each asset is assigned an estimated useful life. Useful lives are based upon the category of assets. The life of the asset begins when it is put into service, which is recognized as the invoice date. The estimated lives shall be based upon those recommended by the Governmental Accounting Standards Board, the Government Finance Officers Association, and the City's experience. G. RESPONSIBILITY FOR CAPITAL ASSET AND PROPERTY INVENTORY AND CONTROL It is the responsibility of the City Manager's Office to establish and maintain an accurate accounting of capital assets, and to design and implement continually improved operating procedures for activities required as a result of this policy. It shall be the responsibility of all City departments to cooperate in the capitalization process and to perform the annual inventory. Page 5 of 5 City of Milton georgia FINANCIAL MANAGEMENT PROGRAM CASH AND INVESTMENT MANAGEMENT POLICIES Developed under the Authority of the City Council by the City Manager's Office, and Approved by ordinance no. 06-11-05 on November 21, 2006. Page 1 of 8 City of Milton Financia/ Management Program CASH AND INVESTMENT MANAGEMENT The objective of the cash and investment management policy is to maximize interest earnings within an environment that strongly emphasizes legal compliance and safety while providing cash flow liquidity to meet the City's financial obligations. A. SCOPE This investment policy applies to all cash and investments, both short and long-term, which are the responsibility, and under the management of the City of Milton's City Manager's Office. B. POOLED CASH/INVESTMENT MANAGEMENT Except for cash in certain restricted and specialized funds, the City will consolidate cash balances from all funds to maximize investment earnings. Investment income will be allocated to the various funds based upon their respective participation and in accordance with generally accepted accounting principles. C. GENERAL OBJECTIVES The primary objectives of investment activities shall be as follows: 1. Safety Safety of principal is the foremost objective of the investment program. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. The objective will be to mitigate credit risk and interest rate risk. Credit Risk The City will minimize credit risk, the risk of loss due to the failure of the security issuer or backer, by: • Limiting investments to the safest types of securities (primarily obligations of the U.S. government or obligations explicitly guaranteed by the U.S. government or their agencies) • Requiring a credit rating of "AY or better from Moody's rating agency and "A-" from Standard & Poor's. • Pre -qualifying the financial institutions, brokers/dealers, intermediaries, and advisers with which the City will do business • Diversifying the investment portfolio so that potential losses on individual securities will be minimized. ii. Custodial Risk Custodial risk, that is the risk associated with uninsured deposits, uninsured securities, or securities not registered in the City's name shall be minimized by, • Collateralization in alignment with State of Georgia legislation equal to 110% of the deposit held in the City's Page 2 of 8 City of Milton Financia/ Management Program name (see section F, Safekeeping and Custody, subsection 2, Collateralization); • Securities shall be held in the City's name. iii. Interest Rate Risk The City will minimize the risk that the market value of securities in the portfolio will fall due to changes in general interest rates, by: • Structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity • Investing operating funds primarily in shorter -term securities, money market mutual funds, or similar investment pools. iv. Concentration Risk The risk associated with a high concentration of government funds which are not diversified shall be reduced by: • Limiting investments to any one issuer to less than 5% of the investment portfolio. • Investments explicitly guaranteed by the U.S. government and investments in mutual funds, external investment pools, and other pooled investments are excluded from this requirement. v. Foreign Currency Risk The City will negate all foreign currency risk through investment only in instruments where exchange rates do not apply. 2. Liquidity The investment portfolio shall remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated. This is accomplished by structuring the portfolio so that securities mature concurrent with cash needs to meet anticipated demands (static liquidity). Furthermore, since all possible cash demands cannot be anticipated, the portfolio should consist of securities with active secondary or resale markets (dynamic liquidity). A portion of the portfolio also may be placed in instruments offering same-day liquidity for short-term funds. 3. Yield The investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the investment risk constraints and liquidity needs. Return on investment is of secondary importance compared to the safety and liquidity objectives described above. The core investments are limited to relatively low risk securities in anticipation of earning a fair return relative to the risk being assumed. Securities shall not be sold prior to maturity with the following exceptions: • A security with declining credit may be sold early to minimize loss of principal or to reduce any eminent risk as identified under Section 1, "Safety" of this policy • A security swap which improves the quality, yield, or target duration in the portfolio • Liquidity needs of the portfolio require that the security be sold. Page 3 of 8 City of Milton Financia! Management Program D. STANDARDS OF CARE 1. Prudence The standard of prudence to be used by investment officials shall be the "prudent person" standard and shall be applied in the context of managing an overall portfolio. Investment officer(s) acting in according with written procedures and this investment policy and exercising due diligence shall be relieved of personal responsibility of an individual security's credit risk or market price changes, provided deviations from expectations are reported in a timely fashion and the liquidity and the sale of securities are carried out in accordance with the terms of this policy. Investments shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the probably income to be derived. 2. Ethics and Conflicts of Interest Officers and employees involved in the investment process shall refrain from personal business activity that could conflict with the proper execution and management of the investment program, or that could impair their ability to make impartial decisions. Employees and investment officials shall disclose any material interests in financial institutions which they conduct business. They shall further disclose any personal financial/investment positions that could be related to the performance of the investment portfolio. Employees and offices shall refrain from undertaking personal investment transactions with the same individual with whom business is conducted on behalf of the City. 3. Delegation of Authority Authority to manage the investment program is granted to the City Manager or his/her delegate, referred to as the investment officer in this policy. Responsibility for the operation of the investment program is hereby delegated to the investment officer, who shall act in accordance with the established written procedures and internal controls for the operation of the investment program consistent with this investment policy. Procedures should include references to: safekeeping, delivery vs. payment, investment accounting, repurchase agreements, wire transfer agreements, and collateral/depository agreements. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the investment officer. The investment officer shall be responsible for all transactions undertaken and shall establish a system of controls to regulate the activities of subordinate officials. E. SAFEKEEPING AND CUSTODY 1. Authorized Financial Dealers and Institutions A list will be maintained of financial institutions authorized to provide investment services. In addition, a list also will be maintained of approved security broker/dealers selected by creditworthiness (e.g., a minimum capital requirement of $10,000,000 and at least five years of operation). These may Page 4 of 8 City of Milton Financia/ Management Program include "primary" dealers or regional dealers that qualify under Securities and Exchange Commission (SEC) Rule 15C3-1 (uniform net capital rule). All financial institutions and broker/dealers who desire to become qualified for investment transactions must supply the following as appropriate: • Audited financial statements • Proof of National Association of Securities Dealers (NASD) certification • Proof of state registration • Completed broker/dealer questionnaire • Certification of having read and understood and agreeing to comply with the City's investment policy. An annual review of the financial condition and registration of qualified financial institutions and broker/dealers will be conducted by the investment officer. From time to time, the investment officer may choose to invest in instruments offered by minority and community financial institutions. In such situations, all criteria identified above shall apply. All terms and relationships will be fully disclosed prior to purchase and will be reported to the appropriate entity on a consistent basis and in compliance state and local law. These types of investment purchases should be approved by the Mayor and City Council in advance of their purchase. 2. Internal Controls The investment officer is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft, or misuse. The internal control structure shall be designed to provide reasonable assurance that these objectives are met. The concept of reasonable assurance recognizes that (1) the cost of a control should not exceed the benefits likely to be derived and (2) the valuation of costs and benefits requires estimates and judgments by management. Accordingly, the investment officer shall establish a process for an annual independent review by an external auditor to assure compliance with regulatory policies and procedures including Generally Accepted Governmental Auditing Standards. 3. Delivery vs. Payment All trades where applicable will be executed by delivery vs. payment (DVP) to ensure that securities are deposited in an eligible financial institution prior to the release of funds. Securities will be held by a third -party custodian in the City's name, as evidenced by safekeeping receipts. F. SAFEKEEPING AND CUSTODY 1. Investment Types Investments (other than bond proceeds) shall be made in instruments permitted by the State of Georgia for local governments, regulated under Georgia Code, O.C.G.A. 36-83-4. Such instruments include: • Obligations issued by the U.S. government, Page 5 of 8 City of Mi/ton Financia/ Management Program • Obligations fully insured or guaranteed by the U.S. government or by a government agency of the United States, • Obligations of any corporation of the U.S. government; • Prime bankers' acceptances, • The Georgia local government investment pool (i.e., Georgia Fund 1) • Repurchase agreements, and • Obligations of other political subdivisions of the state In accordance with O.C.G.A. 36-82-7, investments made with unexpended bond proceeds shall be limited to: • Bonds or obligations of the governmental entities and/or political subdivisions of the state, • Bonds or obligations of the U.S. government which are fully guaranteed, • Obligations of agencies of the U.S. government, bonds or other obligations of public housing agencies or municipal corporations in the United States, • Certificates of deposit of national or state banks insured by the Federal Deposit Insurance Corporation; • Certificates of deposit of Federal Saving and Loan Associations; and • The Georgia local government investment pool (Georgia Fund 1) 2. Collateralization City shall require pledges of collateral from the depository institution covering at least 110% of the cash/investment. This requirement is in accordance with O.C.G.A. 36-83-5; 45-8-12; 50-17-59; and 45-8-13. Deposit -type securities (i.e., certificates of deposit) shall be collateralized at 110% of the face value. Other investments shall be collateralized by the actual security held in safekeeping by the primary agent. 3. Repurchase Agreements/Derivatives Repurchase agreements shall be consistent with GFOA Recommended Practices on Repurchase Agreements. Investments in derivatives of the above instruments shall require authorization by the Mayor and City Council and be consistent with GFOA Recommended Practices on the "Use of Derivatives by State and Local Governments". G. USING GEORGIA FUND I The City will utilize the State of Georgia local government investment pool (i.e., Georgia Fund 1) anytime this investment tool is deemed to be in the best interest of the City. Criteria used to determine the use of this investment pool will be the same as any other investment purchase. H. INVESTMENT PARAMETERS 1. Diversification The investments shall be diversified by: • Limiting investments to avoid over concentration in securities from a specific issuer or business sector (excluding U.S. Treasury securities) Page 6 of 8 City of Milton Financia/ Management Program Limiting investment in securities that have higher credit risks Investing in securities with varying maturities, and Continuously investing a portion of the portfolio in readily available funds such as a the Georgia Local Government Investment Pool, money market funds or overnight repurchase agreements to ensure that appropriate liquidity is maintained in order to meet ongoing obligations. 2. Maximum Maturities To the extent possible, the City shall attempt to match its investments with anticipated cash flow requirements. Unless matched to a specific cash flow, the City will not directly invest in securities maturing more than five (5) years from the date of purchase. The City shall adopt weighted average maturity limitations ranging from 90 days to 5 years, consistent with the investment objectives. Reserve funds and other funds with longer-term investment horizons may be invested in securities exceeding five (5) years if the maturities of such investments are made to coincide as nearly as practicable with the expected use of funds. The intent to invest in securities with longer maturities shall be disclosed in writing to the Mayor and City Council. I. REPORTING 1. Methods The investment officer shall prepare an investment report monthly which shall be included in the Financial Update Report. Information provided will include a management summary that provides an analysis of the status of the current investment portfolio and transactions made over the last month. This management summary will be prepared in a manner which will allow the City to ascertain whether investment activities during the reporting period have conformed to the investment policy. At a minimum, the report will include the following: • Listing of individual securities held at the end of the reporting period with maturity dates • Realized and unrealized gains or losses resulting from appreciation or depreciation by listing the cost and market value of securities over one-year duration that are not intended to be held until maturity • Average weighted yield to maturity of portfolio on investments as compared to applicable benchmarks • Percentage of the total portfolio which each type of investment represents. 2. Performance Standards The investment portfolio will be managed in accordance with the parameters specified within this policy. The portfolio should obtain a market average rate of return during a market/economic environment of stable interest rates. A series of appropriate benchmarks shall be established against which the portfolio performance shall be compared on a regular basis. 3. Marking to Market Page 7 of 8 City of Mi/ton Financial Management Program The market value of the portfolio shall be calculated at least monthly and a statement of the market value of the portfolio shall be issued at least monthly. Governmental Accounting Standards Board References: Statement No. 3, Deposits with Financial Institutions, Investments, and Reverse Repurchase Agreements Statement No. 28. Accounting and Financial Reporting for Securities Lending Transactions Statement No. 31. Accounting and Financial Reporting for Certain Investments and for External Investment Pools Statement No. 40. Deposit and Investment Risk Disclosures Page 8 of 8 -dOoor r City of Milton r� georgic FINANCIAL MANAGEMENT PROGRAM POLICY ON CELL PHONES AND OTHER ELECTRONIC DEVICES Developed under the Authority of the City Council by the City Manager's Office, and Approved by ordinance no. 06-11-05 on November 21, 2006. Page 1 of 3 City of Milton Financia/ Management Program CELL PHONE POLICY The objective of the Cell Phone and Other Electronic Devices Policy is to provide guidelines for the use of electronic equipment, whether directly or indirectly paid for by the City, as the employer of key staff who are in need of such electronic equipment; and to maximize flexibility and availability of city personnel within the scope of the city's Financial Management Program. A. SCOPE This policy applies to all devices referenced in section B, Definitions, below issued to employees of the City of Milton. Cell phones and other electronic devices can be those pieces of equipment issued directly by the City or by a third party provider or contractor. Such devices shall be those issued to employees for business purposes. B. DEFINITIONS Cell phones and Other Electronic Devices are defined as devices which allow or facilitate communication between two or more individuals in a wireless format, and include, but are not limited to traditional cellular telephones, pagers, and Blackberry PDA's. C. GENERAL OBJECTIVES The primary objectives of activities related to the Cell Phone and Other Electronic Devices policy shall be as follows: 1. Safety Electronic devices whether or not provided or reimbursed by the City, and whether with or without hands-free equipment, should be used only when conditions make it safe to use them. Employees should always use the highest degree of care to insure safety for themselves and those around them while using these devices. 2. Flexibility Cell phones and Electronic Devices will be assigned to City of Milton employees based on their role and need. D. PLAN OPTIONS The plan options available for City of Milton employees shall be as follows: 1. Allowance City employees selecting this option will be paid a "stipend" to cover a portion or all of the expenses of a cell phone or other electronic device. The City shall be responsible for setting up the service and billing plan and for acquiring all hardware and software associated with operating the device; however, the account shall be billed to the employee on behalf of the employer. The employee is responsible for paying the bill. All stipends will not be in excess of $100 per month and will be shown as taxable income for the employee under a non - accountable IRS plan. City employees selecting this option will be allowed to use these devices for personal use. Page 2 of 3 City of Milton Financial Management Program 2. City provided City employees selecting this option will not be provided a monthly bill or statement detailing expenses for use of the device. All billings will be sent direct to the City or their agent for payment. The City will contract for the cell phone service and provide a cell phone to the employee to be used solely for business purposes. E. SAFEKEEPING AND CUSTODY 1. Internal Controls City Operations is responsible for establishing Agreements with Cell Phone providers. Each Department shall determine what functions in their Departments require the use of a cell phone in order to perform their job in the most efficient and effective manner. A request shall be made through the IT Manager using the IT Procurement Form. The Cell Phone Coordinator shall maintain a list of City employees that have cell phones that includes the date the service was initiated, the date the service was terminated, the serial number for the equipment, the Company providing the service, the equipment purchase price, data setup fees, and monthly service fees. 2. Replacement The employee is responsible for the replacement or repair of damaged phones. Employees may be allowed to purchase new equipment every 3 years and only if their existing equipment is no longer functional. Page 3 of 3 � r City of Milton georgic FINANCIAL MANAGEMENT PROGRAM DEBT MANAGEMENT POLICIES Developed under the Authority of the City Council by the City Manager's Office, and Approved by ordinance no. 06-11-05 on November 21, 2006. Page 1 of 4 City of Milton Financia/ Management Program DEBT ISSUANCE AND MANAGEMENT The goal of the City's debt policy is to maintain a sound fiscal position; thereby only utilizing long- term debt to provide resources to finance needed capital improvements, while accumulating adequate resources to repay the debt. In addition, it is the City's goal to maintain and improve its credit rating through strong financial administration. The City acknowledges that failure to meet the demands of growth may inhibit its continued economic viability, but also realizes that excess outstanding debt may have detrimental effects on the ability of the City to meet its continuing operational needs. Issuing debt commits the City's revenues several years into the future, and may limit it's flexibility to respond to changing service priorities, revenue inflows, or cost structures. Adherence to this debt policy helps ensure that the City issues and manages its debt prudently in order to maintain a sound financial position and protect its credit rating. Credit ratings are the rating agencies' assessment of the City's ability and willingness to repay debt on a timely basis. Credit ratings are an important indicator in the credit markets and can influence interest rates a borrower must pay. Each of the rating agencies believes that debt management is a positive factor in evaluating issuers and assigning credit ratings. Therefore, implementing debt management practices will be viewed positively by the rating agencies and could influence the City's credit rating and ultimately lower borrowing costs. A. CONDITIONS FOR ISSUING LONG-TERM DEBT Debt financing for capital improvements and equipment will be generally used when at least one of the following conditions exist: 1. When one-time, non -continuous projects (those not requiring annual appropriations) are desired; 2. When the City determines that future users will receive a benefit from the capital improvement that the debt financed; 3. When the project is necessary to provide basic services to the City residents; 4. When total debt, including debt issued by overlapping governments (e.g., the county), does not constitute an unreasonable burden to the taxpayers; and 5. Exhaustion of the use of all other possible revenue sources provides no alternative funding for capital projects. The City will limit its short-term borrowing to cover cash flow shortages through the issuance of tax anticipation notes. B. SOUND FINANCING OF DEBT When the City utilizes debt financing, the following will occur to ensure that the debt is soundly financed: 1. Analysis of the financial impact, both short-term and long-term, of issuing the debt; 2. Conservatively projecting the revenue sources that the City will use to repay the debt; 3. Insuring that the term of any long-term debt the City incurs shall not exceed the expected useful life of the asset the debt financed; Page 2 of 4 City of Milton Financial Management Program 4. Maintaining a debt service coverage ratio (i.e., for revenue secured debt) that ensures that the revenues pledged for the repayment of the outstanding debt will be adequate to make the required debt service payments. C. DEBT RETIREMENT Generally, borrowings by the City should be of a duration that does not exceed the economic life of the capital improvement that it finances and where feasible, should be shorter than the projected economic life. To the extent possible, the City should design the repayment of debt so as to recapture rapidly its credit capacity for future use. D. DISCLOSURE The City shall follow a policy of full disclosure in financial reporting and with the preparation of a bond prospectus. E. LEGAL COMPLIANCE When issuing debt, the City shall comply with all legal and regulatory commission requirements, including the continuing disclosure requirements. This compliance includes adherence to local, state and federal legislation and bond covenants. More specifically, the City Manager's Office is responsible for maintaining a system of record keeping and reporting to meet the arbitrage rebate compliance requirements of the federal tax code. This effort includes tracking investment earnings on bond proceeds, calculating rebate payments in compliance with tax law, and remitting any rebatable earnings to the federal government in a timely manner in order to preserve the tax- exempt status of the City's outstanding debt issues. Additionally, general financial reporting and certification requirements embodied in bond covenants are monitored to ensure that all covenants are complied with. The City will comply with Amended SEC Rule 15c2-12 (the "Rule") by providing secondary market disclosure for all long-term debt obligations, which are subject to the Rule. As required, the City will submit annual financial information to all nationally recognized municipal securities repositories. F. CREDIT RATINGS The City Manager's Office is responsible for maintaining relationships with the rating agencies that assign ratings to the City's various debt obligations. This effort includes providing periodic updates on the City's general financial condition along with coordinating meetings and presentations in conjunction with a new debt issuance. G. OTHER POLICIES All bond issue requests shall be coordinated by the City Manager's Office. Requests for new bonds must be identified during the Capital Improvement Program (CIP) process. Opportunities for refunding outstanding bonds shall be communicated by the City Treasurer's Office. Annual budget appropriations shall include debt service payments (interest and principal) and reserve requirements for all debt currently outstanding. Page 3 of 4 City of Milton Financial Management Program Long-term borrowing shall be incorporated into the City's capital improvement plan (see above). Page 4 of 4 � r City of Milton r'+ georgic FINANCIAL MANAGEMENT PROGRAM ELECTED OFFICIALS EXPENDITURE POLICIES Developed under the Authority of the City Council by the City Manager's Office, and Approved by ordinance no. 06-11-05 on November 21, 2006. Page 1 of 2 City of Mi/ton Financia/ Management Program EXPENDITURE POLICIES This section provides guidance on providing reimbursement/allowances on authorized expenditures for the Mayor and City Council. This section shall cover those costs incurred for conducting official business relating to elected positions. A. APPROPRIATION In conjunction with the annual budget process, the City Council shall authorize appropriations consistent with the annual adopted operating budgets. B. EXPENDITURE REIMBURSEMENT Operating expenditures relating to elected officials shall be reimbursed using a direct reimbursement for expenses incurred on behalf of the City in official capacity as an elected official. The direct reimbursement based expenditures shall require receipts. As defined by the Internal Revenue Service, this type of transaction will be on an accountable reimbursement plan, which will not be taxed by the City. The primary means for paying for items under this method will be through the submission of receipts by elected officials to the City, thereby providing justification for the subsequent reimbursement. C. QUALIFIED EXPENDITURES All operating expenditures incurred by the official relating to the conducting of official business on behalf of the elected position shall qualify for reimbursement. Those expenditures relating to travel shall be covered in a separate policy using separately appropriated funds. Types of qualified expenditures for the direct receipt reimbursement basis include: General Office Supplies Customary Mileage Business Meals Professional Memberships Educational Materials Copying/Printing Cellular charges This list is non-inclusive and provided as an example of types of qualified expenses. Page 2 of 2 City of Milton r� georgia FINANCIAL MANAGEMENT PROGRAM EXPENDITURE POLICIES Developed under the Authority of the City Council by the City Manager's Office, and Approved by ordinance no. 06-11-05 on November 21, 2006. Page 1 of 2 City of Milton Financial Management Program EXPENDITURE POLICIES This section provides guidance on authorized expenditures for all departments under the authority of the City Manager, Mayor and City Council. This section shall cover those costs incurred for normal business operations, including those associated with salaries and benefits. Operating guidelines and procedures for procuring goods and services shall be issued under a separate cover. A. APPROPRIATION In conjunction with the annual budget process, the City Council shall authorize departments appropriations consistent with the annual adopted operating and capital budgets. Departments shall not incur expenditures unless an appropriation is available. B. EXPENDITURE APPROVAL All expenditures relating to City operations shall be processed consistent with procurement/purchasing guidelines. Once the City Treasurer's Office receives the proper documentation from the incurring departments, the execution of payment shall occur. The City Treasurer's Office shall only process transactions for payment based upon the proper approval for the dollar amount of the expenditure, including adequate documentation, received either electronically or in writing. C. SETTLEMENT OF DISPUTE The City Treasurer's Office shall review expenditure documents for compliance and appropriateness with all City policies and procedures. Expenditure documents that are not in compliance with these policies and procedures shall be returned to the originating department with recommendations for changes (e.g., travel issues, cellular phone use). In the event the department does not agree with the recommendations, the City Manager shall make the final decision. D. ELECTED OFFICIALS ALLOCATION During the annual budget process, an appropriation will be allocated to each elected official to be used at his/her discretion for the benefit of the City (e.g., travel costs incurred at the annual GMA conference). The amount appropriated will be dependent upon the approval during the budget process. Page 2 of 2 City of Milton FINANCIAL MANAGEMENT PROGRAM GRANT MANAGEMENT POLICIES Developed under the Authority of the City Council by the City Manager's Office, and Approved by ordinance no. 06-11-05 on November 21, 2006. Page 1 of 2 City of Milton Financia/ Management Program GRANT MANAGEMENT This policy provides direction in the application, acceptance and administration of funds awarded through grants to the City from other local governments, the state or federal government, non- profit agencies, philanthropic organizations and the private sector. A. GRANT APPLICATIONS The City Manager's Office is responsible for the submission of all grant applications on behalf of the City of Milton. Departments who wish to submit grant applications must work in conjunction with the City Treasurer's Office and City Manager's Office. Once a grant opportunity has been identified, the requesting department must notify the City Treasurer's Office of the application, the financial reporting requirements, and any required matching funds or other City resources needed to meet the grant requirements. Prior to the acceptance of the grant, the City Treasurer's Office, in cooperation with the submitting/receiving department shall complete an analysis of financial requirements to ensure the City can meet the grant program's financial requirements and the City can fulfill the applicable obligations required by the grant. All grant revenues and expenditures, including matching requirements, must be appropriated, either in the current budget or included for appropriation in the subsequent budget. The Mayor and City Council shall approve grant applications and submissions by adopting an official resolution, certified by the City Clerk that will allow both the submission of the grant application and the acceptance of the grant award. B. GRANT ADMINISTRATION The City Treasurer's Office is responsible for coordinating and insuring the financial reporting and accountability requirements of each grant the City accepts. The City Treasurer's Office and receiving departments are responsible for adhering to the grant program requirements and tracking all applicable expenditures for reporting purposes. The City Treasurer's Office is responsible for accounting for grant transactions according to the Accounting, Auditing, and Financial Reporting Policy and in compliance with Generally Accepted Accounting Principles (GAAP). The City Treasurer's Office is responsible for coordinating and maintaining the following records for each grant award with the receiving department: a. Copy of Grant Application b. Resolutions authorizing application and acceptance c. Notification of Grant Award d. Financial reporting and accounting requirements e. Schedule of funding needs C. AUDITING The City Treasurer's Office shall comply with all local, state, and federal requirements with respect to the auditing of information as they pertain to the acceptance of grant funds. This includes the Single Audit Act with any future revisions or additional that may be applicable to City grant projects. Page 2 of 2 City of Milton georgia FINANCIAL MANAGEMENT PROGRAM PURCHASING POLICIES Developed under the Authority of the City Council by the City Manager's Office, and Approved by ordinance no. 06-11-05 on November 21, 2006. Page 1 of 16 City of Milton Financia/ Management Program PURCHASING POLICY PURPOSE The purpose of this policy is to state the City's position regarding the purchasing responsibility and authority. This document will clarify purchasing functions and outline purchasing procedures, as well as describe departmental relationships, responsibilities and participation in the procurement cycle. In addition, this policy will provide control functions, assure proper record keeping and confirm purchases in writing. The philosophy behind this policy is one of separating the need for an item or service from the function of negotiation and executing the necessary contractual purchase agreement. The determination of the need for an item or service is clearly the responsibility of the department which will ultimately use the item or service. SCOPE The scope of this purchasing policy covers the procurement of ALL MATERIALS AND SERVICES without regard to the past method by which the material or service has been or is customarily procured. The policy covers all contractual and purchase agreements between the City of Milton and another company or person. The procurement function includes the initial agreement/purchase, renewals, changes and/or re -negotiations. This policy establishes the specific responsibility and authority of the procurement of materials and services. For clarification purposes, these purchasing policies are not required to be followed by organizations providing services, directly or indirectly to the City through service orientation contract personnel. Those contractual agreement of service oriented in nature were procured in conjunction with the creation of the City. However, as part of the audit process, the organizations providing services, either directly or indirectly to the City shall have their internal controls and accounting processes evaluated and a measure of assurance given as a requirement of completion of the City's annual audit. DEFINITIONS When used in this policy, the following words, terms, and phrases, and their derivations shall be the meaning ascribed to them in this section, except where the context clearly indicates a different meaning, A. CITY DIRECTOR OF FINANCE means the City Treasurer, his/her agent, or the Chair of the City Treasurer's Office, if such a department is created, or is in existence. B. CONSTRUCTION means the process of building, altering, improving, or demolishing any public structure or building, or other public improvements of any kind to any public real property. The term "Construction" does not include the routine operation, repair and/or maintenance of existing structures, buildings, or real property. C. CONTRACT means any City agreement, regardless of form or title, for the procurement or disposition of goods, commodities, and services. D. EMPLOYEE means an individual drawing a salary or wage from the City whether on a full-time, part- time basis or contractual third -party. The term shall encompass all members of the Governing Authority without regard to how individual is compensated. E. GIFTS or FAVORS means any thing or any service of value. F. GOODS or COMMODITIES means supplies, apparatus, materials, equipment, and other forms of tangible personal property. Page 2 of 16 City of Mi/ton Financia/ Management Program G. GOVERNING AUTHORITY means the City entity responsible for the contract. H. ORDINANCE means Purchasing Ordinance. PAYMENT TERMS: 2% Net 30 J. PURCHASING is the process of securing materials, services, repairs, leases, and rentals necessary for the operation and support of the City. The renewal, renegotiations, and changes to contracts, leases and agreements, are functions of purchasing. K. PURCHASING AGENT means the principal purchasing official of the City. L. THE USING DEPARTMENT/DIVISION (USER) is defined as the department which has the authority and responsibility for determining the need for an item or service, its related specifications, and need date. The USER is responsible for funding the need and advising PURCHASING of the approved funding and the specific budget account number. IV. ETHICS IN PROCUREMENT Each person involved in the procurement process must adhere to a high standard of ethics. Actions such as acceptance of gratuities and kickbacks are expressly prohibited. The Purchasing Division seeks to avoid even the appearance or perception of impropriety. All employees are expected to conduct themselves according to the highest level of standards. Unethical actions by employees or vendors will not be tolerated. As a guideline, the National Institute of Governmental Purchasing (NIGP) Code of Ethics is included by reference and made a part hereof. The following principles are to be maintained: 1. Consider the best interest of the City in all transactions; 2. Purchase without prejudice, seeking to obtain the maximum value for each dollar expenditure in accordance with required quality standards; 3. Subscribe to and work for honesty and truth in purchasing and avoid all forms of conflict of interest; 4. Avoid all unethical practices and appearance of same; and 5. Strive consistently for knowledge of materials and supplies required for use by the City. Employee Conflict of Interest It shall be unethical for any City of Milton employee, official, contractor, or service provider to transact any business or participate directly or indirectly in a procurement contract when the employee, official, contractor, or service provider knows that: (a) the employee or official or any member of the employee's or official's immediate family has a substantial interest or financial interest pertaining to the procurement contract, except that the purchase of goods and services from businesses which a member of the Council or other City of Milton employee has a financial interest is authorized as per O.C.G.A. § 36-1-14, or the procurement contract is awarded pursuant to O.C.G.A. § 45-10-22 and § 45-10-24, or the transaction is excepted from said restrictions by O.C.G.A. § 45-10-25; (b) any other person, business, or organization with whom the employee or official or any member of an employee's or official's immediate family is negotiating or has an arrangement concerning prospective employment is involved in the procurement contract. (c) An employee or official or any member of an employee's or official's immediate family who holds a substantial interest or financial interest in a disclosed blind trust shall not be deemed to have a conflict of interest with regard to matters pertaining to that substantial interest or financial interest. Page 3 of 16 City of Mi/ton Financia/ Management Program Gratuities, Rebates, or Kickbacks. (a) Gratuities. It shall be unethical for any person to offer, give, or agree to give any City of Milton employee or official, or for any City of Milton employee or official to solicit, demand, accept, or agree to accept from another person, a gratuity of more than nominal value or rebate or an offer of employment in connection with any decision, approval, disapproval, recommendation, or preparation of any part of a program requirement or a purchase request, influencing the content of any specification or procurement standard, rendering of advice, investigation, auditing, or in any other advisory capacity in any proceeding or application, request for ruling, determination, claim or controversy, or other particular matter, pertaining to any program requirement or a contract or subcontract, or to any solicitation or proposal therefor. (b) Kickbacks and rebates. It shall be unethical for any payment, gratuity, or offer of employment to be made by or on behalf of a subcontractor under a contract to the prime contractor or higher tier subcontractor, or any person associated therewith, as an inducement for the award of a subcontract or order. (c) Contract clause. The prohibition against gratuities, rebates and kickbacks prescribed in this Section shall be conspicuously set forth in every contract and solicitation therefor. (d) Courtesies. Employees may accept for themselves and members of their families common courtesies usually associated with customary business practices so long as a strict standard is enforced with respect to gifts, services, discounts, entertainment, or consideration of any kind from suppliers of merchandise, services, supplies, etc. to City of Milton staff and officials. (e) Cash. It is never permissible for a City of Milton official or employee to accept a gift in cash or cash equivalent (e.g. stocks or other forms of marketable securities) of any amount. Prohibition Against Contingent Fees It shall be unethical for a person to be retained, or to retain a person, to solicit or secure a City of Milton contract upon any agreement or understanding for a commission, percentage, brokerage, or contingent fee, except for retention of bona fide employees or bona fide established commercial selling agencies for the purpose of securing business. Use of Confidential Information It shall be unethical for any City of Milton employee or official knowingly to use confidential information for actual or anticipated personal gain, or for the actual or anticipated personal gain of any other person. Unauthorized Purchases No purchases of materials, supplies, equipment and services shall be made in the name of City of Milton or one of its departments, or through its purchasing department, except such as are required for official use by City of Milton or one of its departments. Purchases in the name of City of Milton or a department for personal use by an individual or for other than official use are prohibited, and no City of Milton funds will be expended or advanced therefor. Penalties and Sanctions (a) Legal or disciplinary action by City Council. The City Council may take appropriate legal and/or disciplinary actions against any City of Milton official, vendor, contractor, organization, or person in violation of these ethical standards. (b) Legal or disciplinary action by City of Milton City Manager. The City of Milton City Manager may take appropriate legal and/or disciplinary actions against any City of Milton employee subject to the Manager's supervision and control as defined in the City of Milton Code and Charter. Page 4 of 16 City of Mi/ton Financia/ Management Program (c) Legal or disciplinary action by Elected/Constitutional Officers of City of Milton. The Constitutional Officers and other Elected Officers of the City of Milton may take the appropriate legal and/or disciplinary actions against any employee under their supervision. (d) Administrative penalties for employees. The City of Milton City Manager or City Council may impose any one or more of the following penalties or sanctions on a City of Milton employee for violations of the ethical standards in this Section as appropriate to the situation, subject to the Personnel Manual or other appropriate appeals procedures: (1) oral or written warnings or reprimands; (2) suspensions with or without pay for specified periods of time; or (3) termination of employment. (e) Administrative penalties for outside contractors/vendors. The City of Milton City Manager or City Council may impose any one or more of the following penalties or sanctions on a vendor/contractor or other person or organization for violations of these ethical standards: (1) written warnings or reprimands; (2) termination of contracts; or (3) debarment or suspension as provided in the Purchasing Manual. V. RESPONSIBILITIES A. Purchasing Manager The City Council hereby appoints the City Manager or his/her agent to serve as the Purchasing Agent for the City, or the Council may contract with an independent third party to serve as the Purchasing Agent. DUTIES: The Purchasing Agent shall have the following duties and powers: (i) Arrange and negotiate the purchase or contract for all equipment, supplies, and contractual services for the City or any using agency; arrange and negotiate for the sale or otherwise dispose of all surplus equipment and supplies or real estate of the City or any using agency; (ii) Maintain a perpetual or periodic inventory record of all materials, supplies, or equipment stored in City storerooms, warehouses, and elsewhere, including monthly reports that provide: (a) the titles of all request for proposals and the method of source selections to be used: (b) all contracts authorized by the Council, the method of source selection used and the total dollar amount; (c) all emergency contracts awarded; (d) all change orders or contract modifications authorized by the Council, the dollar amount and the reason; (e) all change orders or contract modifications authorized by the Purchasing Agent, the dollar amount and the reason; (f) an explanation of any changes, and the costs involved, in the scope of services made between the time a contract is awarded and the time that a resolution authorizing the contract is sent to the Council for adoption. (iii) Manage and supervise purchasing staff. Page 5 of 16 City of Milton Financial Management Program (iv) Develop and maintain a purchasing policy and procedure manual which will be updated by the City Manager or their designee periodically. (v) Direct efforts to procure services through advertisements of bids in the local legal organ as required by City Ordinances and state law. (vi) Require bonds, insurance, and other forms of protection for the City on the process of procuring goods and services for the City. (vii) Terminate solicitations for bids for any good(s) or service(s) when, in the opinion of the Purchasing Agent, it is in the City's best interest to do so. This includes termination or breach of contract or anticipated breach of contract. (viii) Reject any and all bids, when in the opinion of the Purchasing Agent it is in the City's best interest to do so. (ix) Consult with the City Attorney if a contracting party breaches or is reasonably anticipated to breach its contract with the City. (x) Assist in negotiating City contracts, as directed by the City Manager. The City Manager and/or Mayor shall approve final contracts and execute and bind the City to such agreements. (xi) Advise the City Manager on the status of negotiations, as well as contracts provisions and their impacts on the City. (xii) Make recommendations on contract approval, rejection, amendment, renewal, and cancellation. (xiii) Provide contract administration and supervision of contracts and agreements, as directed by the City Manager. Such tasks shall include, but not be limited to, monitoring contract amendments, obtaining applicable insurance certificates, and monitoring applicable progress. (xiv) Work with the City Manager to plan and implement processes for the ongoing protection of the City's interests. (xv) Recommend and implement policies and procedures to provide for compliance with laws related to bidding, contracting, and purchasing as set forth in the State of Georgia, by examining the applicable laws and developing procedures for bidding, contracting, and procurement processes. (xvi) Assist and coordinate necessary grant applications and submissions as directed by the City Manager. B. Using Department/Division (USER) 1. Determine Need: The USER is responsible for determining the need for a material or service and providing appropriate documentation, including a purchase requisition. 2. Determine Funding: The USER is responsible for providing proper funding. Specific budget account numbers must be on the purchase requisition. 3. Determine Specifications: The USER is responsible for determining the quantity, quality, dimensions, duration and all other necessary specifications essential to the determination of what is to be procured. The specifications must, where applicable, conform to the approved City standards for identity and continuity. 4. Purchase Requisition: It is imperative that the USER transmits its need to the Purchasing Office. The Purchasing Office can only purchase supplies and services on the basis of an approved and complete purchase requisition. A properly approved purchase requisition contains, as a minimum, the following information: a. Complete description and specifications; b. Quantity; c. Need date (lead time of at least one week, must be allowed); d. Estimated cost; e. Freight; f. Complete budget account number; g. Previous purchase information or quotation (if known); Page 6 of 16 City of Milton Financia/ Management Program h. Known or suggested vendor(s); i. Authorized approval of department head and division director; j. Authorized approval from the Budget/Finance Department 5. Acceptance of Procured Item or Service: The USER is responsible for advising the Purchasing Office within 24 hours after receipt or within 48 hours if the items or services are found to be unsatisfactory. This is to be done in writing on a Receiving Report. C. Purchasing Functions Source Selection: Except as provided below, all vendor selections shall be made by the Purchasing Office. When making the vendor selection the Purchasing Office will choose the lowest, best, responsible, responsive vendor. It is recognized that exceptional requirements may dictate that the USER is instrumental in selecting vendors. In such cases, it is necessary that this need be transmitted to the Purchasing Office with sufficient documentation as to the reason for the exception. This must be done in advance of any firm negotiations or commitment with the vendor. In determining where to purchase products and services based on competitive prices and costs incurred in obtaining the purchase, the City shall purchase locally when all of these requirements are equal. The City shall not make purchases of products or services from City employees or Council members or from businesses owned by members of these two groups unless specically approved by the City Council. The City shall have the right to "piggy -back" from other municipality's contracts if the vendor will extend the same prices, terms, and conditions to the City of Milton. This source seletion shall only be made available within the previous twelve (12) month period and competition was sought. 2. Quotation/Bidding: All Quotations for materials or service must be requested through the Purchasing Office. Price Quotations will be obtained in accordance with City Ordinances. a. Verbal Quotes: Requisitions for items under $5,000 require at least three (3) documented verbal quotes. The vendor name and quote must be written on the requisition, which is used to generate the purchase order. b. Written Quotes: Purchasing will receive at least three (3) written quotes on items requisitioned that are valued over $5,000 to $50,000. These requests will always be made in writing. The request for quotes can be made either verbally or in writing; the Purchasing Agent will determine this. c. Sealed Bids: The Purchasing Office will request sealed bids on items or projects requisitioned that meet the following criteria: • The items or projects are valued over $50,000. • Clear and adequate specifications are available. • Two or more responsible offerors are willing to participate in the process. These requests are always made in writing. The vendor list is made up of companies from the bid list and recommendations from the USER. The Bid List is a current file of requests from companies for this purpose. Sealed bids will be publicly advertised for a minimum of two (2) consecutive weeks in the City's legal organ. Public Works Projects over $100,000 are required by Georgia State Law (HB1079) to have Payment Bonds and Performance Bonds for 100% of the contract amount. When these bids are requested the standard City documents with this information will be used. The City will Page 7 of 16 City of Milton Financia/ Management Program also require that a 5% Bid Bond be submitted with the bid. These projects will be advertised in the legal organ of the City. (1) Sealed Bidding Process and Award (a) Receipt of Bids: No bid shall be eligible for consideration by the City unless it is placed in a sealed envelope or package and actually received by the Purchasing Office by the date and time specified in the bid request. The Purchasing Agent shall cause all bids to be stamped with the date and time of receipt and secured until the designated opening time. A bid delivered late shall under no circumstances be eligible for consideration by the City, and shall be returned unopened to the bidder. (b) Bid Openings: Bids shall be opened publicly in the presence of one or more witnesses on the date and at the time and place designated in the Bid Letter. The name of each Offerer, the purchase price contained in each bid, and such other information as the Purchasing Agent deems appropriate shall be announced as the bids are opened. A record of bid information shall be recorded and available for public inspeciton. (c) Modification of Bids: Any clerical mistake which is patently obvious on the face of the bid may, subject to the limitations described below, be corrected upon written request and verification submitted by the Offerer. A non -material omission in a bid may be corrected if the Purchasing Agent determines the correction to be in the City's best interests. Omissions affecting or relating to price or insurance shall be deemed material and shall not be corrected after the bid opening: (d) Withdrawal of Bids: Bids may be withdrawn at any time prior to the bid opening. After bids have been publicly opened, the bidder shall give notice in writing of his/her claim of right to withdraw his bid within two business days after the conclusion of the bid opening procedure. If a bid is withdrawn under the authority of this provision, the lowest remaining responsive bid shall be deemed to be the low bid. (e) Bid Evaluation: Bids shall be evaluated based on the requirements set forth in the Specifications. No criteria may be used in bid evaluation that is not specifically set forth in the solicitation. (f) Bid Cancellation: A Bid may be cancelled prior to opening date or any or all bids may be rejected in whole or in part as may be specified in the solicitation, where it is in the best interest of the City in accordance with regulations promulgated by the Purchasing Office or, as a result of improper conduct on the part of a City employee. The reasons for any cancellation shall be made part of the bid file. (g) Modification of Specifications after Bid Opening: The City reserves the right to negotiate with the lowest, responsive, and responsible bidder after the bids have been opened and before an award is made in an effort to make sure that the specifications and budget have been met. This will allow staff to add or delete parts for equipment or value engineer a project in the City's best interest. On construction projects the negotiations will be conducted with the design firm and City Staff before a recommendation is made for the award of the bid. (h) Negotiation with Lowest Responsive and Responsible Bidder: Once a bid has been opened and accepted, the City reserves the right to negotiate with the lowest responsive and responsible bidder in an effort to ensure that the bid meets the approved budget and specification. (i) Bid Award: Responsive and Responsible Bidder(s): Subject to approval by the City Manager or their designee and City Council, bids shall be awarded to the lowest, responsive and responsible bidder(s).. Page 8 of 16 City of Milton Financia/ Management Program Approval of Bids: All bid awards for amounts of $50,000 or greater shall be approved or rejected by the City Council. Rejections of Bids: The City reserves the right to reject any or all bids if it determines such rejection to be in the best interest of the City. Disqualification of Bids: The following types of bids shall be disqualified for consideration for a bid award: • A bid arrives after the set time for submittal • A bid which is incomplete in any material aspect • A bid submitted without required bonds or insurance • A bid submitted by a company on the ineligible source list. d. Request for Proposals: Purchasing will be responsible for sending Requests for Proposals (RFP) when use of the sealed bid process is either not practicable or not advantageous to the City. The following criteria will be used when determining when to use the RFP process: • When the quality, availability or capability is overriding in relation to price in procurement of technical supplies or services. • When the initial installation needs to be evaluated together with subsequent maintenance and service capabilities and what priorities should be given these requirements in the City's best interest. • When the market place will respond better to a solicitation permitting not only a range of alternate proposals, but evaluation and discussion of them before making the award. RFP's will generally be solicited on a project -by -project basis. Professional services may be solicited in multi-year increments deemed beneficial to the City based upon the investment of staff time and return on such investment through savings on existing prices for service. The USER will submit the Scope of Services to Purchasing, who will then determine which of the following processes to use: • Purchasing will request Letters of Interest and Statements of Qualifications from qualified firms. The responses will be reviewed by the USERS and the Purchasing Agent and interviews will be conducted with the firms selected by them. The Price Proposals will be requested from the most qualified firms. • Purchasing will request Letters of Interest, Statement of Qualifications and Price Proposals from qualified firms. The USERS and the Purchasing Agent will review the information submitted and make a selection from this information. This process should be used when the City is familiar with the firms. • Purchasing will request Letters of Interest and Statement of Qualifications from qualified firms and schedule a meeting with all the firms to discuss the project and answer questions. Then the firms who have attended the meeting will submit Price Proposals. The USERS and the Purchasing Agent will review all the information and make a selection. (1) Request for Proposal Receipt. Evaluation and Award (a) Dissemination of Proposals: Proposals shall be disseminated through a Request for Proposal. (b) Receipt of Proposals: No proposal shall be eligible for consideration by the City unless it is placed in a sealed envelope or package and actually received by the Purchasing Agent by the date and time specified in the RFP. The Purchasing Agent shall cause all proposals to be stamped with the date and time of receipt and secured Page 9 of 16 City of Milton Financial Management Program until the designated opening time. A proposal delivered late shall under no circumstances be eligible for consideration by the City and shall be returned unopened to the bidder. (c) Proposal Opening: Proposals shall be opened publicly in the presence of one or more witnesses on the date and at the time and place designated in the RFP. The name of each proposer shall be announced but no other information shall be disclosed nor shall the proposals be considered an "open record" until a contract is awarded. (d) Proposal Cancellation: An RFP may be cancelled prior to opening date or any or all proposals may be rejected in whole or in part as may be specified in the solicitation, where it is in the best interest of the City in accordance with regulations promulgated by the Purchasing Office or, as a result of improper conduct on the part of a City employee. The reasons for any cancellation shall be made part of the proposal file. (e) Evaluation of Proposals • Initial Evaluation: Each proposal shall be evaluated to determine whether it is responsive to the scope of services and other terms and conditions contained in the RFP. In evaluating the proposals, the evaluating team may communicate with each Proposer to clarify and amplify each Proposer's proposal. No information concerning any other Proposer's proposal shall be communicated in any way to the Proposer. • Request of Supplemental Information: Additional information may be requested of Proposers. (f) Award of Proposal • Responsive and Responsible Proposal: Award shall be made to the responsible Offeror whose proposal is determined to be the most advantageous to the City based upon but, not limited exclusively to, price and the evaluation factors set forth in the RFP. • Approval of Proposals: All proposals where cost is $50,000 or more shall be approved or rejected by the City Council. • Rejection of Proposals: The City reserves the right to reject any or all proposals if it determines such rejection to be in the best interest of the City. • Disqualification of Proposals: The following types of proposals shall be disqualified for consideration for award: ♦ A proposal arrives after the set time for submittal ♦ A proposal submitted without required bonds or insurance ♦ A proposal submitted by a company on the Ineligible Source List. e. Emergency Purchasing: It is understood that, from time to time, occasions arise at departments, which requires immediate action to purchase items in order to prevent disruption of operations. The Purchasing Agent shall have the authority to purchase commodities and services where there exists an emergency constituting a threat to public health, safety or welfare or to the soundness and integrity of public property or to the delivery of essential services and where the adverse effect of such emergency may worsen materially with the passage of time. If the emergency occurs after normal business hours and the Purchasing Agent is unavailable, the Department Directors/Chiefs will be given the same authority as the Purchasing Agent. The documentation and purchase requisitions are to be submitted to the Purchasing Office as soon as possible following the emergency. Page 10 of 16 City of Milton Financial Management Program Adherence to these regulations and procedures concerning dollar amounts and bidding will be followed as closely as circumstances will allow. All emergencies will be documented and reports given to the City Manager, Mayor, and Council. f. Brand Name Purchases: The Purchasing Agent may elect to purchase brand name products or services when the goods comprise a major brand system, program or service previously selected by the City and due to operational effectiveness, future enhancements or additions, or maintenance or storage of spare parts precludes the mixing of brands, manufacture, etc. Sole Source Purchases: A contract may be awarded or a purchase made without competition when the City determines that there is only one source for the required products, supply services, or construction items. The Purchasing Agent shall conduct negotiations as appropriate, as to the price, delivery, and terms to determine reasonableness of price. A separate file of sole source procurements shall be maintained as a public record and shall list each contractor's name, the amount and type of each contract, and a listing of the item(s) procured under each purchase order or contract. h. Grants/Donations: Periodically, the City may be given private/public grants and donations; from sources such as the State and Federal Government and private corporations. These types of solicitations are more restrictive and will dictate the procurement process and methodology that the City is to follow. i. State Contract: A contract may be awarded or a purchase made without competition when the City determines that the pricing available through the Department of Administrative Services is below market rates. The Purchasing Agent shall conduct negotiations as appropriate, as to the price, delivery, and terms to determine reasonableness of the overall procurement. 3. Responsible for Prices: The final determination of the price and terms of any goods, materials or services shall rest with the Purchasing Office. 4. Records: It shall be the responsibility of the Purchasing Office to document all contracts, purchases, agreements for services, and leases and to maintain said documents consistent with the records retention policy of the City. All agreements or contracts binding the City must be in writing. There will be no exceptions. 5. Negotiations of Agreements: All negotiations of agreements for supplies, materials, or services, shall be conducted by the Purchasing Office. It is recognized that special situations may exist where there is a special need for the USER to be involved in the negotiation process. This must be in conjunction with the Purchasing Office at all times. The Purchasing Office will make final recommendation for agreements. 6. Approvals: a. It is the responsibility of the Purchasing Office to secure all necessary approvals of the City Manager or their designee, or legal authority, in writing, when necessary to protect the City and its legal liability prior to execution of a contract or purchase agreement. b. The Purchasing Office may make any authorized purchase for which payment will be made in a current, routine manner following receipt of the goods or services. Procurement by leasing, long- term financing, advance payments or deposits or any other special non -routine method must be approved in advance by the City Manager or their designee. The City Manager or their designee is authorized to approve budgeted capital purchases or contracts up to $50,000 without obtaining Council approval. The USER is responsible for making the recommendation for the award. Council must approve any non -budgeted purchase or contract over $50,000. The USER and Purchasing Agent are responsible for submitting the recommendation for this award. Page 11 of 16 City of Milton Financial Management Program c. The Purchasing Office will not normally provide purchase orders after procurement has been initiated. Also, purchases must be documented by the USER with appropriate requisition and specific budget account number prior to the issuance of the purchase order number. d. In the case of contracts (other than routine purchase orders), leases or service agreements (either new or renewals), the approval process is necessary. All such documents will be forwarded to the Purchasing Office if not originated in said department. The Purchasing Office will acquire the necessary approvals prior to execution of any agreement, contract or lease through the City Attorney's office. When said contracts, leases or service agreements are up for renewal or expiration the Purchasing Office will notify the USER for approval to either maintain the contract or bid a new contract. The Purchasing Office will be responsible for maintaining a file of all current contracts, leases or service agreements. (1) The Purchasing Agent will review the contract for form, completeness, insurance considerations, legal implications, and any other items dictated by each situation. The contract will then be sent to the USER and approved the Director/Chief and returned to Purchasing. The Purchasing Office will be responsible for having the contract signed by the City Manager or their designee after it is signed by the vendor. (2) The Purchasing Office will forward three copies of the contract for signature to the vendor, with them returning two copies. (3) The original of the contract will be filed in the open contract file. The other copy will be attached to the purchase order. (4) A copy of the completed contract will be forwarded to the USER. (5) Once a contract is awarded by the City the contract may be amended without the necessity of rebidding such contract, provided that such amendment shall not result in a variance in price exceeding ten percent (10%) of the original contract amount. 7. Delivery, Quality, and Payment: It shall be the responsibility of the Purchasing Office to insure the quality, delivery, and payment of required goods and services. 8. Disputes: Final adjudication of any dispute between the vendor and USER shall be made by the Purchasing Office with appropriate input from the USER. 9. Vendor: In most cases, contact with vendors will be by the Purchasing Office and in conjunction with the USER as necessary. All vendors must coordinate with the Purchasing Office before visiting any other department. All visits must be made with the knowledge of the Purchasing Office and the Purchasing Agent has the option of accompanying the visitor. It is recognized that this restriction on visitation will not necessarily apply to those vendors with ongoing relationships such as computer,and copy machine service technicians. 10. Return of Goods and/or Cancellation of Agreements: All return of goods must be initiated by the USER through the Purchasing Office. Additionally, all cancellations of, or modifications to, any agreements must be made by the Purchasing Office. 11. Receiving of Goods: It shall be the responsibility of the USER to ensure that purchased goods and equipment are received, inspected and verified as to condition. This will be accomplished by the use of a Receiving Report. Since the Department Director/Chief signed the purchase requisition, he cannot be the receiver of the goods and must appoint an individual within the department to be the receiver of the goods and services. 12. Use of State/Co-Op Contracts: The Purchasing Manager may, independent of the requirements of bid process of this article, procure supplies, services or construction items through the contract established through competitve means by the purchasing division of the State of Georgia, national Page 12 of 16 City of Milton Financia/ Management Program Co -Ops (i.e.-U.S. Communities), and collaborative purchasing agreements when deemed to be in the best interest of the City. 13. Change Orders The Purchasing Office will review all change orders and adjust encumbrances as applicable. Change orders will be processed to correct the account distribution, quantity, addition/deletion of line items, change in description, and unit price. If a quoted price is equal to or less than $5,000, the Department Head will approve. If a requisition for change order is received in over $5,000 but the total procurement remains less than $50,000, the requisition will be sent to the City Treasurer and City Manager for approval. Any requisition with a change order where the total procurement equals more than $50,000 requires Mayor/City Council approval. The department cannot use the change order process to circumvent the Purchasing Ordinance. Additionally, an available appropriation must exist for all change order amounts prior to approval occurring. VII. PAYMENT REQUESTS Payment Request Forms are designed to streamline procedures for initiating routine payments of the types outlined below: A. Utility Bills. B. Insurance Premiums and Bond Payments. C. Postage Expenses. D. Conferences, Training and Meeting Pre -paid Expenses. E. Reimbursements as shown on a valid, approved Travel Expense Report. F. Professional Services. G. Court Fees. H. Instructors or Speakers for Recreation Programs. The above list is not all-inclusive; questions should be directed to the Finance Director or Purchasing Agent. The use of the Payment Request Forms in no way implies that proper procedures outlined in paragraph IV, B, 2 need not be adhered to. The Payment Request procedures are merely a means of expediting payment. APPENDIX A NIGP CODE OF ETHICS The Institute believes, and it is a condition of membership, that the following ethical principles should govern the conduct of every person employed by a public sector procurement or materials management organization. Seeks or accepts a position as head (or employee) only when fully in accord with the professional principles applicable thereto and when confident of possessing the qualifications to serve under those principles to the advantage of the employing organization. Believes in the dignity and worth of the service rendered by the organization, and the societal responsibilities assumed as a trusted public servant. Is governed by the highest ideals of honor and integrity in all public and personal relationships in order to merit the respect and inspire the confidence of the organization and the public being served. Page 13 of 16 City of Milton Financial Management Program Believes that personal aggrandizement or personal profit obtained through misuse of public or personal relationships is dishonest and not tolerable. Identifies and eliminates participation of any individual in operational situations where a conflict of interest may be involved. Believes that members of the Institute and its staff should at no time, or under any circumstances, accept directly or indirectly, gifts, gratuities, or other things of value from suppliers, which might influence or appear to influence purchasing decisions. Keeps the governmental organization informed, through appropriate channels, on problems and progress of applicable operations by emphasizing the importance of the facts. Resists encroachment on control of personnel in order to preserve integrity as a professional manager. Handles all personnel matters on a merit basis, and in compliance with applicable laws prohibiting discrimination in employment on the basis of politics, religion, color, national origin, disability, gender, age, pregnancy and other protected characteristics. Seeks or dispenses no personal favors. Handles each administrative problem objectively and empathetically, without discrimination. Subscribes to and supports the professional aims and objectives of the National Institute of Governmental Purchasing, Inc. GUIDELINES TO THE NIGP CODE OF ETHICS I. RESPONSIBILITY TO YOUR EMPLOYER Follow the lawful instructions or laws of the employer. Understand the authority granted by the employer. Avoid activities, which would compromise or give the perception of compromising the best interest of the employer. Reduce the potential for any charges of preferential treatment by actively promoting the concept of competition. Obtain the maximum benefit for funds spent as agents for the employer. Il. CONFLICT OF INTEREST Avoid any private or professional activity that would create a conflict between your personal interest and the interests of your employer. Avoid engaging in personal business with any company that is a supplier to your employer. Avoid lending money to or borrowing money from any supplier. Page 14 of 16 City of Milton Financia/ Management Program /it. PERCEPTION Avoid the appearance of unethical or compromising practices in relationships, actions and communications. Avoid business relationships with personal friends. Request a reassignment if the situation arises. Avoid noticeable displays of affection, which may give an impression of impropriety. Avoid holding business meetings with suppliers outside the office. When such meetings do occur, the meeting location should be carefully chosen so as not to be perceived as inappropriate by other persons in the business community or your peers. IV. GRATUITIES Never solicit or accept money, loans, credits or prejudicial discounts, gifts, entertainment, favors or services from your present or potential suppliers which might influence or appear to influence purchasing decisions. Never solicit gratuities in any form for yourself or your employer. Items of nominal value offered by suppliers for public relations purposes are acceptable when the value of such items has been established by your employer and would not be perceived by the offeror, receiver or others as posing an ethical breach. Gifts offered exceeding nominal value should be returned with an explanation or if perishable either returned or donated to a charity in the name of the supplier. In the case of any gift, care should be taken to evaluate the intent and perception of acceptance to ensure that it is legal, that it will not influence your buying decisions, and that it will not be perceived by your peers and others as unethical. V. BUSINESS MEALS There are times when during the course of business it may be appropriate to conduct business during meals. In such instances, the meal should be for a specific business purpose. Avoid frequent meals with the same supplier. The purchasing professional should be able to pay for meals as frequently as the supplier. Budgeted funds should be available for such purposes. Vl. CONFIDENTIAL INFORMATION Keep bidders' proprietary information confidential. Develop a formal policy on the handling of confidential information. VII. RELATIONSHIP WITH THE SUPPLIER Maintain and practice, to the highest degree possible, business ethics, professional courtesy, and competence in all transactions. Association with suppliers at lunches, dinners, or business organization meetings is an acceptable professional practice enabling the buyer to establish better business relations provided that the buyer keeps free of obligation. Accordingly, it is strongly recommended that if a seller pays for an activity that the buyer reciprocate. Page 15 of 16 City of Milton Financial Management Program Purchase without prejudice, striving to obtain the maximum value for each dollar of expenditure. Preclude from showing favoritism or be influenced by suppliers through the acceptance of gifts, gratuities, loans or favors. Gifts of a nominal value that display the name of a firm which is intended for advertisement may or may not be accepted in accordance with the recipient's own conscience or jurisdictional rules. Page 16 of 16 � r City of Milton georgia FINANCIAL MANAGEMENT PROGRAM RECORD RETENTION POLICIES Developed under the Authority of the City Council by the City Manager's Office, and Approved by ordinance no. 06-11-05 on November 21, 2006. Page 1 of 10 RECORDS RETENTION In concurrence with State Law, the City of Milton shall comply with the Georgia Records Act, as presented in O.C.G.A. 58-90-19 et seq. for public entities. A. PURPOSE — STATEMENT OF POLICY The City of Milton recognizes that its citizens have a right to expect, and the City has an obligation to maintain, an efficient and cost-effective Records Management Program and it further recognizes the importance of City records in the lives of its citizens. The City of Milton has a responsibility to its citizens to manage, protect, preserve and make available City records. It is the policy of the City of Milton to provide for efficient, economical, and effective controls over the creation, distribution, organization, maintenance, use, retention, and disposition of all records of the City of Milton. This policy will be implemented through a comprehensive system of integrated procedures for the management of records from their creation to their ultimate disposition, consistent with the requirements of the Georgia Open Records Act and accepted records management practice. The decision to adopt Milton's Records Management Program is a commitment to improving the City's overall record keeping system. The City acknowledges that, while the utilization of retention schedules and micrographics may in fact delay the inevitable chaos that results from records mismanagement or non- management, long-term benefits can be realized only through the introduction of a well -conceived, preplanned, comprehensive program that emphasizes the design, creation, use, maintenance and disposition of records. All City records must be created, maintained, and disposed of in accordance with this chapter and all requirements, policies and procedures established pursuant to this chapter, and in no other manner. B. DEFINITIONS. "APPROVED RECORD'S RETENTION AND DISPOSITION SCHEDULE" - a record's retention and disposition schedule that has been approved by the City Manager, the Records Management Officer, and the Georgia Secretary of State Records Management Office and adopted by the City Council by ordinance through this policy. "CITY RECORD" - every document, paper, letter, record, book, map, drawing, photograph, tape (sound or video recording), and all copies, duplicates, photographs, including microfilm, or other reproductions thereof, or any other documentary materials, regardless of physical form or characteristics, including information contained in electronic data processing equipment and on floppy disks, optical disks, and compact disks, regardless of physical form or characteristic and regardless of whether public access to it is open or restricted under State law, that is created or received by the City of Milton or any of its officers or employees pursuant to law or in the transaction of public business. A City record does not include library material acquired solely for reference, exhibit, or display or stocks of publications, advertisements, or other unsolicited written materials received by the City or any of its officers or employees. The provisions of the State of Georgia Open Records Act or any successor provisions thereof shall govern with regard to the status of the records described herein as public records or as exempt from the public records laws. "DEPARTMENT"- any department, division, commission, authority, committee, task force, or similar entity of the City. "DIRECTOR/DIVISION/HEAD" - the person who is in charge of a department of the City that creates or receives City records. Page 2 of 10 "ESSENTIAL RECORD" - any City record necessary to resume or continue operations of the City in an emergency or disaster; recreate the legal and financial status of the City; or to protect and fulfill obligations to the citizens of the City. "FORM" - A document on which captions are pre-printed for entering variable data and which is used to transmit information from one point to another. Forms are generally used to cause some action, establish a memory and/or give a report. This includes stationery, envelopes, memo pads, checks, etc. "OPEN RECORDS LAW"- O.C.G.A. 50-14-1 through 50-18-76, also known as the Georgia Open Records Act and the Sunshine Law. "PERMANENT RECORD"- any City record for which the retention period on Records Retention and Disposition Schedule is given as permanent. "RECORDS CENTER" - the facility used to provide centralized and secure storage for non-current and permanent City records. "RECORDS DISPOSITION% the removal or destruction of a City record from a department or from a non- current records storage center and for a City record that has passed its minimum legal retention period and no longer has value to the City, or for a permanent City record, transfer of the record to Records Center for archival accession. "RECORDS INVENTORY" - the process of locating, identifying, and describing in detail the records of a department. "RECORDS LIAISON" - a person designated by each Director/Division/Head to implement the Records Management Program in their department. "RECORDS MANAGEMENT% the creation and implementation of systematic controls for City records from the point where they are created or received through final disposition or archival retention, including distribution, use, maintenance, storage, retrieval, protection, preservation and disposal, for the purpose of achieving adequate and proper documentation of the policies and transactions of City government and reducing costs and improving the efficiency of record keeping. The term includes: development of Records Retention and Disposition Schedules; management of filing and information retrieval systems; protection of essential and permanent records; economical and space -effective storage of non-current records; control over the creation and distribution of forms, reports, and correspondence; management of manual, micrographic, electronic, and other records storage systems; and identification of functional record keeping requirements that ensure City records are created to adequately document the City's business transactions. "RECORDS MANAGEMENT OFFICER% the person appointed by the City Manager, primarily the City Clerk, to administer the City's Records Management Program. "RECORDS MANAGEMENT PROGRAM% the requirements, policies, and procedures developed by this document. "RECORDS RETENTION AND DISPOSITION SCHEDULE"- a document prepared by or under the authority of the Records Management Officer that describes recurring records or records series on a continuing basis, indicating for each record series the length of time it is to be maintained in a department or in Records Center; when and if the record or records series may be destroyed or otherwise disposed of; and other records disposition information that the Records Management Program may require. "RETENTION PERIOD" - the minimum time that must pass after the creation, recording, or receipt of a City record, or after the fulfillment of certain actions associated with a City record before the record is eligible for disposition. C. OWNERSHIP AND CUSTODY OF CITY RECORDS Page 3 of 10 Every City record is the property of the City of Milton. No City officer or employee has any personal or property right to a City record even though they may have developed or compiled the record. The unauthorized alteration, destruction, deletion, removal, or use of a City record is prohibited. A City record exempted from public disclosure under State or federal law is not made subject to disclosure by its designation as City property under this section. A City record may not be sold, loaned, given away, destroyed, or otherwise alienated from the City's custody unless in accordance with this chapter. This subsection does not apply to a City record that is temporarily transferred to a contractor for purposes of microfilming, duplication, and conversion to electronic media, restoration, or a similar records management and preservation procedure if the transfer is authorized by the Records Management Officer. Except when a City record is transferred into the archival custody of a records center, legal custody of a City record created or received by a department during the course of business remains with the Director/Division/Head. The legal custodian, as guardian of the record, does not relinquish responsibility for the care, preservation, or legal disposition of the record even though physical custody of the record for maintenance and preservation purposes may be held by another department or agency. The physical custodian of the record is also responsible for complying with all Records Management Program requirements, policies, and procedures. An original City record may not leave the custody of the department concerned when it is being used by a member of the public. Every official or employee shall deliver to any successor all City records pertaining to the office held by the City officer or employee. The legal and physical custody of a City record that has continuing historical value to the City may be transferred to the Records Center upon agreement between the Director/Division/Head and the Records Management Officer. Records Center's custody of the record subsequently will be known as archival custody, and ownership of the record remains with the City. The records center shall have legal and physical custody of all City records belonging to any defunct department that does not have a named successor. D. PASSWORD PROTECTED ELECTRONIC RECORDS PROHIBITED. Because all City records, including all electronic records, are public records, electronic records may not be password protected unless it is a record specifically exempt from the Open Records Law. Only confidential documents as specified in the Open Records Law may be password protected as long as the creator of the document provides his/her supervisor with the password. Written confirmation from the supervisor shall be forwarded to the Records Management Officer confirming the record is confidential. Such confirmation shall note the specific law that exempts the record from being an Open Record. E. RECORDS INVOLVED IN PUBLIC INFORMATION REQUESTS, REQUESTS BY MEDIA, AND RECORDS PENDING LITIGATION, OR PENDING AUDITS. The destruction of a City record involved in a pending request under the Public Information Act, pending litigation, or a pending audit is prohibited, even if the destruction of the record is authorized by an approved Records Retention and Disposition Schedule. Retrieval and release of all records to the public or media shall be in accordance to rules and regulations of the Open Records Act and City of Milton Open Records Policy. All retrieval and release of records for litigation or media purposes shall ALSO be in accordance to the advice and consent of the City of Milton Legal Department and City Clerk's Office. F. RECORDS MANAGEMENT OFFICER - DUTIES AND RESPONSIBILITIES. In addition to other duties assigned by this chapter and State law, the Records Management Officer shall: Page 4 of 10 (1) Administer the City's Records Management Program and provide advice and assistance to Directors/Divisions/Heads in its implementation; (2) Prepare the requirements, policies and procedures for the City's Records Management Program; (3) Review and approve the Records Retention and Disposition Schedules for all departments; (4) In cooperation with Directors/Divisions/Heads, identify essential records and establish a records disaster and recovery plan for each department to ensure maximum availability of the records in order to re-establish operations quickly and with minimum disruption and expense; (5) Monitor retention/disposition schedules and administrative rules issued by the Georgia Secretary of State to determine if the Records Management Program and the City's Records Retention and Disposition Schedules are in compliance with State regulations; (6) Disseminate information concerning State laws and administrative rules relating to City records to the Directors/Divisions/Heads; (7) Instruct or train Records Liaison Officers and other personnel in the Records Management Program; (8) Direct Records Liaison Officers and other personnel in the conduct of records inventories (of file types, not individual files) in preparation for the development of Records Retention and Disposition Schedules; (9) Ensure that the creation, maintenance, preservation, microfilming, electronic storage, destruction, and other disposition of City records are carried out in accordance with the requirements, policies, and procedures of the Records Management Program, this chapter and State law; (10) Bring to the attention of the City Manager any noncompliance by a Director/Division/Head or other personnel with the requirements, policies, and procedures of the Records Management Program, this chapter, or State law; (11) Develop procedures to ensure the permanent preservation of the historically valuable records of the City; (12) Conduct periodic reviews of departmental record keeping practices and Records Retention and Disposition Schedules to ensure that the schedules are kept current; (13) Provide uniform standards and efficient controls over the identification, appraisal, maintenance, protection, preservation, transfer, retention, and disposition of City records; Page 5 of 10 (14) Review City-wide and departmental policies to ensure compliance with the Records Management Program, this chapter, and State law; (15) In cooperation with Directors/Divisions/Heads, incorporate records management policies, objectives, responsibilities, and authorities in pertinent departmental directives; (16) Review user requirements, cost feasibility studies, systems requirements, systems specifications, and other systems design documents to ensure that record keeping requirements and public access requirements are incorporated into electronic record keeping systems at the design phase; (17) Establish procedures for the use of approved general retention and disposition schedules by City departments; and (18) Serve as the City's liaison to the Georgia Secretary of State for Records Management Program requirements. G. DIRECTORS /DIVISIONS/HEADS - DUTIES AND RESPONSIBILITIES Every Director and Division Head shall: (1) Cooperate with the Records Management Officer in carrying out the policies, procedures, and requirements of the Records Management Program, this chapter, and State law; (2) Maintain City records in their custody and carry out the preservation, microfilming, electronic storage, destruction, and other disposition of those records only in accordance with the Records Management Program, this chapter, and State law; (3) Review and approve Records Retention and Disposition Schedules and requests to dispose of City records that are prepared and submitted by or under the direction of the Records Management Officer; (4) Notify the Records Management Officer within 24 hours of the discovery of any loss, theft, or damage to a City record; (5) Ensure the ability to access records regardless of form or medium; (6) Notify the Records Management Officer of proposed electronic record keeping systems to ensure compliance with electronic record keeping requirements established by the Records Management Program, this chapter, and State law; (7) Under the direction of the Manager of Information Systems, ensure electronic records in the director's custody are migrated forward as technology changes, for as long as the records are determined to have value, and to ensure that requests for funding for new systems or systems enhancements address requirements for backup, recopying, disaster recovery, security, public access, audit trails, and other record keeping requirements in accordance with the Records Management Program, this chapter, and State law; (8) Appoint a department Records Liaison Officer in accordance with this program; (9) Incorporate the Records Management Program requirements in pertinent departmental policies and procedures; (10) In cooperation with the Records Management Officer, identify essential records of the department and establish a Records Disaster Recovery Plan to ensure maximum availability of the records to reestablish operations quickly and with minimum disruption and expense; H. RECORDS LIAISON OFFICERS — DUTIES AND RESPONSIBILITIES Each Director/Division/Head shall designate in writing to the Records Management Officer a member of the Director/Division/Head's staff to serve as the Records Liaison Officer for the implementation of the Records Management Program for each division. If the Records Management Officer determines that more than one Records Liaison Officer should be City of Milton Financia/ Management Program designated for a department, the Director/Division/Head shall designate the number of Records Liaison Officers specified by the Records Management Officer. The Director/Division/Head may serve as Records Liaison Officer for a department. A person designated as a Records Liaison Officer shall be thoroughly familiar with departmental policies and activities and have full knowledge of and access to all City records created and maintained by the Division and by all officers and employees of the department. If a person designated as a Records Liaison Officer resigns, retires, or is removed by action of the Director/Division/Head, the Director/Division/Head shall promptly designate another person to fill the vacancy. In addition to other duties assigned in this chapter or by State law, a Records Liaison Officer shall: (1) In cooperation with the Records Management Officer, coordinate and implement the requirements, policies, and procedures of the Records Management Program in the department; (2) Disseminate information to department staff concerning the Records Management Program; (3) In cooperation with the Records Management Officer, coordinate the records inventory of the department (inventory of file types, not individual files); (4) Verify the accuracy, content and completeness of the records inventory prior to submission to the Records Management Officer; (5) Review departmental record keeping practices for compliance with the Records Management Program and, in consultation with the Records Management Officer, identify practices that require improvement for the purposes of increasing efficiency or implementing corrective action for program compliance; (6) Report any noncompliance with the Records Management Program to the Director/Division/Head in writing and correct and re -submit to the Records Management Officer any records inventory that is incomplete or inaccurate; and (7) Periodically inventory records in department or division and give report to the Records Management Officer. I. RECORDS RETENTION AND DISPOSITION SCHEDULES The Records Management Officer, in cooperation with Directors/Divisions/Heads and Records Liaison Officers, shall prepare Records Retention and Disposition Schedules on a department -by -department basis that describe and establish the retention periods for all City records created or received by each department. The schedule should list the periods of time that the records are to remain in the original department, the records center, as well as the ultimate disposition. (Microfilm, scan, or transfer to archives, or destroy.) Any Records Retention and Disposition Schedule, amendment to a schedule, or request for destruction of a record that contains general terms such as "miscellaneous" and "various" to describe any record identified in such a document may not be submitted to the Records Management Officer for consideration. Each Records Retention and Disposition Schedule must be monitored and amended as needed by the Records Management Officer on a regular basis to ensure that the schedule is in compliance with Records Retention and Disposition Schedules issued by the State and Page 7 of 10 City of Milton Financia/ Management Program that the schedule continues to reflect the record keeping procedures and needs of the department and the Records Management Program of the City. Records may not be destroyed prior to the time periods stated, however, they may be retained for longer periods for sufficient reason. The Georgia Department of Archives and History publishes a Retention Schedule for Local Government Records. The City shall comply with the retention timelines as outlined within this schedule. A copy of the entire retention schedule is included within this policy for reference purposes. http://www.sos.state.2a.us/archives/retsched/EntireResults.asD J. IMPLEMENTATION The Director/Division/Head and Records Liaison Officer of a department for which a Records Retention and Disposition Schedule has been approved shall implement the schedule in accordance with the requirements, policies, and procedures of the Records Management Program, this chapter, and State law. A City record whose retention period has expired on an approved Records Retention and Disposition Schedule must be destroyed unless an Open Records Request is pending on the record; the subject matter of the record is pertinent to pending litigation or a pending audit; the Director/Division/Head requests to the Records Management Officer in writing that the record be retained for an additional period, which request must clearly state the reason for the continued retention; or the Records Management Officer sends written notification to a Director/Division/Head that the records must be held pending review for historical appraisal. K. DESTRUCTION OF RECORDS The Records Management Officer shall approve City records proposed for destruction on a regularly scheduled basis, according to the maximum retention and records disposition guidelines provided in the manual. No original record shall be destroyed without the review and concurrence of the Records Management Officer and the appropriate Director/Division/Head. The Records Management Officer is directed to supervise the destruction of records approved for final disposition on a regularly scheduled basis. Any City record, the subject matter of which is in litigation, shall not be destroyed until such litigation is final. Destruction Of Original Records That Have Been Duplicated - Original paper records that have been duplicated on microfilm, microfiche, data processing, or word processing equipment may be destroyed prior to the retention period specified in the records schedule without further approval provided the following three conditions are met: (1)The duplicate copy of the information contained in the original record is maintained for the specified time. (2)The original paper record has not been scheduled for permanent preservation. (3)The Records Management Officer has agreed to the destruction of the original paper record and the destruction is recorded. Unscheduled Records - A City record that is obsolete or that has not been identified on an approved Records Retention and Disposition Schedule may be destroyed if its destruction Page 8 of 10 City of Milton Financia/ Management Program has been approved in the same manner required by this chapter, and the Records Retention Officer has approved a request for destruction authorization. L. RECORDS CENTERS The Records Centers serve as centralized records storage facilities for all departments for the storage of non-current City records and is under the direct control and supervision of the Records Management Officer. The Records Management Officer shall establish policies and procedures regulating the operations and use by City departments. The City Hall Records Center (Archive Room), shall serve as the repository for current -permanent City records that are transferred to the Records Management Officer by all departments. Additional off-site locations are designated by the City Manager for storage of records of less importance. Fireproof storage systems shall be utilized and serve as repository for current records of the City Treasurer's Office and permanent and historical records of the City Clerk only. M. MICROFILMING/DIGITAL STORAGE OF CITY RECORDS City records may be microfilmed, scanned, or digitally stored in accordance with the Records Management Program. Every Director/Division/Head shall coordinate the microfilming, scanning, or digital storage of a City record with the Records Management Officer. The Records Management Officer shall periodically review each department's electronic storage programs as to cost-effectiveness, administrative efficiency, and compliance with the Record Management Program. N. ELECTRONIC RECORDS - STORAGE AND DESTRUCTION The creation, maintenance, preservation, electronic document imaging, and storage of the electronic records of the City must comply with the Records Management Program, this chapter, and State law. All operational procedures of document imaging and electronic systems are under the supervision of the Manager of Information Systems. Destruction of Data Processing Records - Computer printouts and other data processing input/output may be destroyed without specific authorization and recording provided the following conditions apply: (1) The information is retained on magnetic media (e.g., magnetic tape, diskettes, etc.), and the media is scheduled in a Records Retention and Disposition Schedule. (2) The output copy is not specifically listed and scheduled in this Records Retention and Disposition Schedule. O. ELECTRONIC MAIL The City of Milton provides E-mail services to help its employees conduct business effectively. E-mail is a public record and should be used for City business. It is intended to expedite communications, reduce paperwork, and automate routine office tasks; thereby increasing productivity and reducing costs. The same discretion should be used in maintaining and storing E-mail messages as you would maintain any other city produced record. The policies and procedures for E -Mail are further explained in other publications of the City of Milton. Page 9 of 10 City of Milton Financia/ Management Program P. GENERAL GUIDELINES AND PROCEDURES FOR STORAGE IN RECORD CENTERS A. The Department's Record Liaison, appointed by and under the direction of the Director/Division/Head, will be responsible for the coordination of the Department/Division's records storage in conjunction with the guidelines and procedures outlined in the Records Management Policy. The Records Management Officer (City Clerk) will witness receipt and approve all record storage deposits into the Records Center (Archive Room). B. The Record Liaison for each department will be responsible for inventory and coordination of filing and records management in their department's storage and filing facility in conjunction with the rules and regulations of this policy and State of Georgia records retention requirements. C. Type of Storage Box — All records must be stored in one cubic foot size boxes (10"x12"x15 W). Any larger boxes are hard to handle and dangerous! Large boxes will not be accepted in the Records Centers. D. Packing of Box - Records must be categorized by date and item description. Disposition of records will be by year and type record. Please store records in similar categories and dates (years). E. Packing of Box - Leave room equivalent to "one hand's width" (about % inch) in each box when packing. Do not over pack the box. F. Paperwork submittal — An entry form must be completed with record descriptions and signed by Department/Division Head and Record Liaison. G. Receipt of Records - All boxes of records for deposit in the records center (Archive Room) must be inventoried, reviewed for retention schedule assignments, and logged in through the City Clerk's Office by appointment. H. Entry into Record Center —All employees must sign in and receive a key prior to entering the ground floor records center. The key and sign in sheet are available in the City Clerk's Office. The Records Center should be locked at all times. I. Record Disposition - A Disposition notice in compliance to the retention schedule will be sent to the Department/Division Head and Records Liaison prior to any destruction of records. J. Disposition of records must be approved by Department/Division Head and Records Management Officer (City Clerk) and in compliance with State Records Retention Regulations. K. Any Permanent Records converted to computer based scanning programs must also be saved in microfilm format or as paper. L. Surplus items or unused office items are not allowed in Records Centers. These centers are for records only. M. Finance Department Record Center — This center is for the City Treasurer's Office and City Clerk's use only. The City Treasurer's Office Records Liaison appointed and under the direction of the City Treasurer, will be responsible for the coordination of the City Treasurer's Office Record Center. N. Permanent Records (e.g. deeds and minutes), located in the Records Center must be stored in a locked file cabinet at all times. Access to these records require the signing out of a key and supervision of the Records Manager Officer (City Clerk). O. The doors of all Records Centers must be closed at all times. All entries into this Records Center, other than authorized employees, must have permission and/or supervision from the City Clerk before entering. Page 10 of 10 � � City of Milton georgia FINANCIAL MANAGEMENT PROGRAM REVENUE ADMINISTRA TION POLICIES Developed under the Authority of the City Council by the City Manager's Office, and Approved by ordinance no. 06-11-05 on November 21, 2006. Page 1 of 3 City of Milton Financia/ Management Program REVENUE ADMINISTRATION The City levies, collects and records certain taxes, license and permit fees, intergovernmental revenues, charges for service, investment income, fines and forfeitures, and other miscellaneous revenues and financing sources. This policy provides direction in the application, acceptance and administration of revenues the City receives. -_�91W4*111aW-111IIC I,V-11:111PIFc1-314It�' All revenues have particular characteristics in terms of stability, growth, sensitivity to inflation or business cycle effects, and impact on the tax and ratepayers. A diversity of revenue sources can improve a City's ability to handle fluctuations in revenues and potentially help to better distribute the cost of providing services. The City shall strive to maintain a diversified and stable revenue structure to shelter it from short-term fluctuations in any primary revenue source. When possible, the revenue mix shall combine elastic and inelastic revenue sources to minimize the effect of economic downturns. The City will work towards diversifying its revenue base in order to reduce its dependence upon property taxes. B. CONSERVATIVE REVENUE ESTIMATES As part of the annual budget process, an objective analytical process will estimate revenues realistically and prudently. The City will estimate revenues of a volatile nature conservatively. C. USER BASED FEES AND CHARGES (Exchange Revenue) The level of user fee cost recovery should consider the community -wide versus special service nature of the program or activity. The use of general-purpose revenues is appropriate for community -wide services, while user fees are appropriate for services that are of special benefit to easily identified individuals or groups. The City will strive to keep a simple revenue system that will result in a decrease of compliance costs for the taxpayer or service recipient and a corresponding decrease in avoidance to pay. The City's revenue system will strive to maintain equity in its structure. That is, the City will seek to minimize or eliminate all forms for subsidization between entities, funds, services, utilities, and customers. However, it is recognized that public policy decisions may lead to subsidies in certain circumstances (e.g., senior citizen partial tax abatement). Fees will be reviewed and updated on an ongoing basis to ensure that they keep pace with changes in the cost -of -living as well as changes in methods or levels of service delivery. For services associated with a user fee or charge, a fee shall offset the costs of that service, where possible. Costs of services include direct and indirect costs such as operating and maintenance costs, administrative costs, and charges for the use of capital (e.g., depreciation and/or debt service). Page 2 of 3 City of Mi/ton Financia/ Management Program D. ALTERNATIVE REVENUE SOURCES The City shall seek alternative funding sources whenever possible to reduce the required revenue from non-exchange transactions (e.g., property taxes). Such alternative sources include private and public grants, federal or state assistance, and public and private contributions. E. REVENUE COLLECTION The City will follow an aggressive policy of collecting revenues, consistent with state and federal laws. This policy includes charging of penalties and interest, revoking City licenses, and providing for the transferring and assignment of tax executions. F. RATES AND CHARGES The City Council shall approve all revenue rates, charges, and processes in association with receipted funds that are deposited by the City in conjunction with the annual financial plan, (fiscal year budget) and revenue handbook (see below). G. REVENUE HANDBOOK A revenue handbook will be established and updated annually as part of the budget process. This handbook will be utilized to adjust all fees, user charges, and applicable taxes or other revenue sources. The handbook will include at least the following information: • The revenue source • Legal authorization • Method of collection • Department responsible for collection • Rate or charge history • Total revenue history Page 3 of 3 City of Milton georgic FINANCIAL MANAGEMENT PROGRAM TRA VEL AND MEAL EXPENDITURE POLICY Developed under the Authority of the City Council by the City Manager's Office, and Approved by ordinance no. 06-11-05 on November 21, 2006. Page 1 of 5 City of Milton Financial Management Program TRAVEL AND MEAL EXPENDITURE POLICIES This section provides guidance on authority of the City Manager, Mayor incurred for travel and meal expenses who travels on City related business. and meal expenses shall be issued necessitate City Council approval. A. APPROPRIATION authorized expenditures for all departments under the and City Council. This section shall cover those costs by any elected official, City employee, or board member Operating guidelines and procedures for procuring travel under separate cover(s) as they do not constitute nor In conjunction with the annual budget process, the City Council shall authorize department appropriations for travel and meal expenses consistent with the annual adopted operating budgets. Departments shall not incur travel expenditures unless an appropriation is available, or budget amendment has been completed. B. EXPENDITURE APPROVAL All expenditures relating to travel and meals shall be processed consistent with procurement/purchasing guidelines. Once the City Treasurer's Office receives the proper documentation from the incurring departments, the execution of payment shall occur. The City Treasurer's Office shall only process transactions for payment based upon the proper approval for the dollar amount of the expenditure, including adequate documentation, received either electronically or in writing. C. SETTLEMENT OF DISPUTED REIMBURSEMENT CLAIMS The City Treasurer's Office shall review expenditure documents for compliance and appropriateness with all City policies and procedures. Expenditure reimbursement requests that are not in compliance with these policies and procedures shall be returned to the originating department with recommendations for changes (e.g., travel issues, cellular phone use). In the event the department does not agree with the recommendations, the City Manager shall make the final decision regarding whether to authorize the reimbursement. D. TRAVEL EXPENSES The City shall reimburse/pay expenses incurred by elected officials and employees for travel relating to official City business. Official business shall be deemed that which has been approved prior to the expenditure being incurred on a City of Milton Travel Authorization form. Travel authorization forms are required for any travel exceeding 50 miles of the employee's place of work. Lodging: hotel/motel charges shall qualify for reimbursement when they exceed a 50 mile radius of the employee's place of work. All traveling personnel shall minimize the expense associated with hotel/motel costs by procuring a government rate for qualified stays. Lodging expense shall be benchmarked against the U.S. General Services Administration (GSA) approved per -diem rate of reimbursement. When the GSA rate is exceeded by 20% or more, additional justification shall be required from the traveler. When traveling in the State of Georgia, all travelers must use the hotel/motel Page 2 of 5 City of Milton Financia/ Management Program tax-exempt status form. Sales and occupancy taxes charged for lodging within the State of Georgia do not qualify as eligible reimbursable travel expenses under this policy. Per diem rates can be found at http://policnorks.gov/oro/main/mt/homepage/mtt/perdiem/perd03d. htm I. Hotel accommodations for travel less than a 50 mile radius from Milton must be approved by the employee's department head. Elected officials, the City Manager, Department Directors, and Management of the City shall be allowed hotel accommodations for travel less than a 50 mile radius from Milton, based upon meeting schedules and attendance needs. Transportation: approved modes of transportation include vehicle, air, rail, or taxi and public transportation. The method selected by the traveler shall be subject to the most economically feasible, taking into consideration the value of time. If a City vehicle is available, it should be used in lieu of a personal vehicle. Generally, the City will not reimburse for the use of a personal vehicle within 10 miles of an employees official headquarters and/or residence. i. Mileage: miles traveled in personal vehicles shall be reimbursed at the rate designed by the Internal Revenue Service. Mileage shall be calculated using the employee's place of work as the origination point, so long as the employee reported to work prior to departing to the destination. In the event the employee does not report to work prior to traveling to the destination, mileage shall be reimbursed from the employee's origin, less their normal commute to the workplace. Expenses associated with employee's vehicles such as fuel, oil, tires, etc. (deemed normal wear and tear) shall not be subject to reimbursement and will be the responsibility of the traveler. Miles traveled in City owned vehicles shall not be subject to reimbursement to the traveler. However, expenses associated with the travel in City vehicles such as fuel, oil, tires, etc. shall be the responsibility of the City, and necessary purchases should follow normal purchasing guidelines and processes. ii. Rental Cars: Expenses associated with rental cars, i.e. rental expense and fuel will be paid at cost, with receipts provided. Employees shall rent mid-size or smaller vehicles, or an appropriate vehicle size based upon the number of employees needing transportation. Expenses associated with exceeding this car class will be the responsibility of the traveler. Employees should decline additional insurance coverage offered by rental car companies since the City's insurance coverage is applicable to car rentals. iii. Air/Rail: transportation provided by major airlines or railroads shall be paid at cost to the traveler. Travel will be limited to coach/economy classes of service. In the event the traveler chooses a class higher than coach/economy (business or first class) or to extend the trip and change departure or arrival dates, the difference of the expense shall be the responsibility of the traveler. Any reduction in the expense associated with transportation costs as a result of extended or modified travel dates for personal benefit shall not be provided back to the traveler. iv. Taxi/Shuttle: expenses associated with local transportation will be deemed eligible expenses as long as receipts are provided with point to point explanations for this mode of transportation. Such documentation should accompany receipts. Page 3 of 5 City of Milton Financial Management Program 2. Meals/incidentals: expenses associated with meals (breakfast, lunch and dinner) and incidentals (snacks, tips, miscellaneous) shall be administered on a per diem basis by city. Per diem amounts will be derived from the U.S. General Services Administration (GSA), which can be found at http://policnorks.gov/org/main/mt/homepage/mtt/perdiem. Per diem will be advanced to the employee prior to travel. Receipts will not be required on incidental or meal expenses. Overages of meal expenses will be the responsibility of the employee, while any savings may be retained by the employee. Alcoholic beverages are not allowable reimbursable expenses, and will not be reimbursed pursuant to the City's Personnel Policies. Expenses incurred for meals when travel has not included overnight stay shall be reimbursed under Section E of this policy. 3. Program/Seminar/Conference Fees: charges relating to the traveler's attendance to the particular event (training, conference, seminar, etc) shall be paid by the corresponding department, subject to the provisions identified for expenditures in the City's Expenditure and Purchasing Policies. 4. Telephone/Long Distance: telephone, fax, long-distance, Internet, and communication expenses (including postage) shall be reimbursed when relating to the traveler's employment. Expenses for business communication shall be limited to $10.00 per day. 5. Laundry/Dry Cleaning: when travel is scheduled for more than five consecutive days, reimbursement for laundry and dry cleaning expenses will be allowed. Expenses shall be paid at the cost of the services provided. Each traveler shall pay for expenses associated with travel on a personal credit card, with the exception of meals or incidental expenses. Travel advances for meal/incidental expenses shall be provided to the employee prior to travel by the City Treasurer's Office. Dependents/spouses accompanying employees on official business shall not be eligible for reimbursed expenses by the City. If a dependent or spouse accompanies an employee on an authorized business trip, only those expenses that can be directly attributed to the employee will be reimbursed. Per diem used for expenses other than those directly attributable to the employee will be allowed; however, the per diem amount will not be increased because of dependent/spouse travel. The Mayor, City Council, City Manager, Department Directors and management of the City shall be allowed to conduct official City business while on travel. The submission of expenses related to such official business will be required in order to receive reimbursement. Such items may include expenses associated with meetings or business meals outside of the scope of the purpose of travel. Employees on official business shall follow the City's workers' compensation policies in the event of any on-the-job injury. E. NON -TRAVEL MEALS Page 4 of 5 City of Milton Financial Management Program Expenses related to the furnishing of meals, snacks, or food should be limited to the following circumstances: 1. Meetings hosted by the City Council or City Manager; 2. A meeting during regularly scheduled business hours required by law or authorized by a department director which is anticipated to last more than four (4) hours and which, is scheduled through normal meal times; 3. A business meal with someone other than another City official or employee in order to discuss a specific item of City business; and 4. Meals that are an integral part of a scheduled meeting at which the individual is required to attend. Receipts provided for meals within this category should detail the nature of the meeting and the people who were present for discussion. F. SUBMISSION OF EXPENSES All expenses relating to travel shall be submitted to the City Treasurer's Office no later than 10 days after return from the trip. Non -travel meals shall be submitted no later than 7 days from the date of occurrence. G. EMPLOYEE BREAK ROOMS City facilities equipped with break rooms shall be furnished with potable water, coffee, tea, hot cocoa, creamer, sugar, and cups/stirrers at the expense of the City. Vending machines will also be available for the use of elected officials and staff. Page 5 of 5