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<br />84. <br /> <br />RESOLUTION NO. 2005- 47 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, ADOPTING A REVISED FINANCIAL <br />POLICY FOR THE CITY; AND DECLARING AN EFFECTIVE <br />DATE. <br /> <br />RECITALS: <br /> <br />1. The City Council approved a Financial Policy in Resolution No. 2003-172R on <br />September 29,2003. <br /> <br />2. The City Council wishes to approve a revised City Financial Policy that includes <br />amendments related to sales tax estimation, a sales tax contingency plan, and capital replacement <br />reserve accounts. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />PART 1. The revised City of San Marcos Financial Policy attached to this resolution is <br />approved and adopted. <br /> <br />PART 2. This Resolution shall be in full force and effect from and after its passage. <br /> <br />ADOPTED on <br /> <br />April 19, <br /> <br />2005. <br /> <br />~YL~ <br /> <br />Susan Narvaiz <br />Mayor <br /> <br />t1am<d~ I#~ <br /> <br />Janis K. Womack <br />City Clerk <br />