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• RESOLUTION 2008-123R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, ADOPTING A REVISED FINANCIAL POLICY AND <br />DECLARING AN EFFECTIVE DATE. <br />RECITALS: <br />1. On September 29, 2003 (Resolution 2003-172R) the City adopted a Financial <br />Policy. On April 19, 2005 (Resolution 2005-47R) the City adopted a Revised Financial Policy <br />and on February 19, 2008 (Resolution 2008-27R) the City adopted a Revised Financial Policy. <br />2. Due, in part, to increases in the cost of power which are passed on to the City by <br />the City's wholesale provider, the Lower Colorado River Authority, the City wishes to again <br />adopt a revised Financial Policy. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The revised City of San Marcos Financial Policy attached to this <br />Resolution is approved and adopted. <br />• PART 2. This Resolution shall be in full force and effect from and after its passage <br />and will remain in effect unless subsequently repealed or otherwise amended. <br />ADOPTED this the 16th day of September 2008. <br />Susan Narvaiz <br />Mayor <br />Attest: <br />Sherry Ma rn <br />City Clerk <br />0