Title
A. RESOLUTION NO. 2016-127 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ESTABLISHING A COUNCIL POLICY REGARDING THE CITY OF CHULA VISTA DISCLOSURE POLICY
B. RESOLUTION NO. 2016-128 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA ESTABLISHING A COUNCIL POLICY REGARDING THE CITY OF CHULA VISTA FIXED ASSETS INVENTORY & CONTROLS POLICY
Body
RECOMMENDED ACTION
Recommended Action
Council adopt the resolutions.
Body
SUMMARY
In the interest of applying best practices to municipal debt disclosure and fixed asset inventory management, the Finance Department proposes the two policies included with this item for City Council consideration. The debt disclosure policy will formally memorialize the proper procedures for effective and informative debt disclosure to all bond market stakeholders. Likewise, the fixed asset inventory and control policy will provide a formal guide to cataloging and safeguarding the City's capital asset acquisitions, disposals, and interdepartmental transfers.
ENVIRONMENTAL REVIEW
Environmental Notice
Environmental Notice
The activity is not a "Project" as defined under Section 15378 of the California Environmental Quality Act State Guidelines; therefore, pursuant to State Guidelines Section 15060(c)(3) no environmental review is required.
Body
Environmental Determination
The Director of Development Services has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a "Project" as defined under Section 15378 of the State CEQA Guidelines because it will not result in a physical change in the environment; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines, the activity is not subject to CEQA. Thus, no environmental review is required.
BOARD/COMMISSION RECOMMENDATION
N/A
DISCUSSION
The Finance Department is proposing two new policies which will serve the City's stakeholders in a number of ways.
The first policy, rel...
Click here for full text