Financial management policy is intended to serve as a blueprint for achieving fiscal stability required to accomplish goals and objectives in the city’s Strategic Plan, Comprehensive Plan financial element, and all master plans. The City Council sets forth the authorities, responsibilities, and accountability requirements of those participating in the operations of Snoqualmie City government at all levels of the organization and within financial policy endeavors to:
Set forth financial principles
Reduce financial risks to withstand the ups and downs of local and regional economic environments
Maintain appropriate financial capacity for present and future levels of service
Ensure the legal use of financial resources through an effective system of internal controls
Provide financial transparency to the public
The City Council passed resolution 1627 to update its Financial Management Policy in 2022.