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<br />. <br /> <br />Debt Ratio (%): <br /> <br />CL+LTL/TA <br /> <br />Current Liabilities Plus Long Term Liabilities <br />Divided By Total Assets <br />AL< 1.00 <br /> <br />. <br /> <br />Enterprise Operational <br />Coverage: <br />OR/OE <br /> <br />Operating Revenue Divided By Operating <br />Expense <br />AL> 1.20 <br /> <br />Our goal is to develop minimum/maxirnUlll levels for the ratioslbalances above through <br />analyzing the City's historical trends and anticipated future trends. We will also analyze <br />and compare the City to other municipalities to develop these acceptable levels. <br /> <br />x <br /> <br />INTERNAL CONTROLS <br /> <br />A. Written Procedures - Wherever possible, the Director of Finance will establish and <br />maintain written procedures for all nmctions involving cash handling and/or accounting <br />throughout the City. These procedures will embrace the general concepts of fiscal <br />responsibility set forth in this policy statement. <br /> <br />B. Department Directors' Responsibilities - Each Department Director is responsible to <br />ensure that good internal controls are followed throughout their Department, that all City <br />Finance Department directives or internal control recommendations are implemented, and <br />that all independent auditor recommendations are addressed. <br /> <br />XI. <br /> <br />PERSONNEL AND TRAINING <br /> <br />A. Adequate Personnel - Personnel levels will be adequate for the City Finance Department <br />to operate effectively. Overtime will be used only to address temporary or seasonal <br />demands that require excessive hours. Workload allocation alternatives will be explored <br />before increasing personnel. <br /> <br />B. Training - The City Finance Department will support the continuing education efforts of <br />all personnel. Personnel will be held accountable for communicating, teaching, and <br />sharing with other personnel members all information and training materials acquired <br />from seminars, conferences, and related education efforts. <br /> <br />City of San Marcos Financial Policy <br /> <br />Page 16 of1? <br />