Title
Consider/Discuss/Act on a Resolution Adopting the Fiscal Year 2026-2027 Financial Policies
Summary
COUNCIL GOAL: Financially Sound Government
4A: Provide funding and organizational framework to ensure continual economic improvements
MEETING DATE: September 15, 2026
DEPARTMENT: Financial Services
CONTACT: Mark Holloway, Chief Financial Officer
Trudy Mathis, Finance Director
RECOMMENDED ACTION:
• Adopt the Fiscal Year 2026-2027 Financial Policies
ITEM SUMMARY:
• The City of McKinney shall take action to annually adopt the financial policy.
• This policy, which is included in the annual budget document, is used by the external auditor to ensure that prudent financial management is being practiced.
BACKGROUND INFORMATION:
• The City adopts financial policies designed to maintain a stable and sound financial position at all times. These policies require the City to maintain sufficient funds to meet cash flow needs and support the continued operation of City services and activities.
FINANCIAL SUMMARY:
• N/A
BOARD OR COMMISSION RECOMMENDATION:
• N/A