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A HISTORY OF FISCAL RESPONSIBILITY <br />The City Council has long taken a conservative approach to fiscal <br />management and long term financial planning <br />This includes <br />• Passing a structurally balanced budget every year <br />• Forecasting future revenues and expenditures <br />• Establishing a reserve policy in 1999 <br />• Funding repair and expansion of our utilities and infrastructure <br />This is reflected in our independent audit findings and bond ratings <br />• Continuously clean audit opinions confirm management practices <br />• Continuously high bond ratings confirm financial planning and <br />Redwood <br />discipline CityKEV <br />