The financial integrity of the Health District is of vital importance. Written, adopted financial policies assist the Board and staff in the financial management of the District. Financial policies provide a level of security for the community by ensuring public funds are being used openly, legally, efficiently, and effectively and in a manner that provides insulation from fiscal crisis and economic disruption.

The current financial management policy was established in 2013 by Resolution 13-11 (Exhibit A) and updated in 2016 by Resolution 16-020 (Exhibit B). Since its establishment there have been several federal, state and District policy changes. For example, District POL 100.001 - Policies and Procedures established a standardized policy format and a two-year revision timeframe.

Updates and input on draft POL 130.001 - Finance (Exhibit C) have been heard on:

•  November 20, 2020, the Budget Ad Hoc Committee briefing
•  March 18, 2021, a Program Policy Committee briefing (Exhibit D)
•  March 24, 2021, an Administration Committee briefing (Exhibit D)
•  April 1, 2021, an Executive Committee briefing (Exhibit D)

Based on feedback during the last series of committee meetings, clarification was added to the Working Capital Reserve and the ‘Operating Programs’ definition. The updated draft policy has been submitted to legal counsel for review.

Consistent with Resolution 19-20 and the revised Division of Responsibilities (10/8/19), the Board of Health is responsible for setting District budget and policy.

MOVE TO approve POL 130.001 concerning finance policies.