HomeMy WebLinkAboutReso 2024-218RESOLUTION NO. 2024-218
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA REVISING CITY COUNCIL POLICIES 220 -05
– CITY DEBT POLICY, 220-07 – CITY DISCLOSURE POLICY,
AND 662-13 FRAUD PREVENTION IN THE WORKPLACE
WHEREAS, City Council policies are the official description of a City procedure, policy,
or practice; and
WHEREAS, the City is in the process of reviewing City Council policies to identify which
ones need revisions and which ones can be rescinded; and
WHEREAS, last revised in 2017, Council Policy 220 -05 – City Debt Policy was
established to improve decision-making quality, articulate policy goals, provide guidelines for the
structure of debt issuance, and demonstrate a commitment to long-term capital and financial
planning; and
WHEREAS, the City Council desires to update Council Policy 220-05 – City Debt Policy to
incorporate recommended practices of the Government Finance Officers Association (GFOA); and
WHEREAS, first approved in 2016, Council Policy 220-07 – City Disclosure Policy was
approved to help augment the City’s debt policy to memorialize the proper procedures for effective
and informative debt disclosure to all bond market stakeholders; and
WHEREAS, the City Council desires to update Council Policy 220-07 – City Disclosure
Policy to incorporate new disclosure rules from the Governmental Accounting Standards Board
(GASB); and
WHEREAS, last updated in 2009, Council Policy 662-13 – Fraud Prevention in the
Workplace policy establishes policy and procedures for clarifying acts that are considered to be
fraudulent; and
WHEREAS, the City Council desires to update Council Policy 662-13 – Fraud Prevention
in the Workplace to include language describing that if an employee is convicted of a felony in a
state or federal court for fraudulent activities conducted in the workplace, they may face forfeiture
of accrued rights and benefits in any public retirement system.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista,
that it approves revised Council Policies 220-05 – City Debt Policy, 220-07 – City Disclosure
Policy, and 662-13 Fraud Prevention in the Workplace, in the forms presented, with such minor
modifications as may be required or approved by the City Attorney.
Docusign Envelope ID: B140DFF1-18C1-4B5A-808B-179F8B960E81
Resolution No. 2024-218
Page No. 2
Presented by Approved as to form by
Courtney Chase Marco A. Verdugo
Deputy City Manager City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 12th day of November 2024 by the following vote:
AYES: Councilmembers: Chavez, Gonzalez, Morineau, Preciado, and McCann
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
John McCann, Mayor
ATTEST:
Kerry K. Bigelow, MMC, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2024-218 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 12th day of November 2024.
Executed this 12th day of November 2024.
Kerry K. Bigelow, MMC, City Clerk
Docusign Envelope ID: B140DFF1-18C1-4B5A-808B-179F8B960E81
For
For