Asbury Park


Resolution Adopting a Debt Management and Capital Policy


Department:City ClerkSponsors:
Category:Reorganization Resolutions


  1. Printout
  2. Debt Management Capital Policies


WHEREAS, the Mayor and Council of the City of Asbury Park wish to establish policies with respect to  Debt Management and Fiscal and Fund Balance Policy and Capital Policy and


WHEREAS, the policies will serve as guidance for staff, committees and the governing body for budgeting, capital planning and other purposes, and


WHEREAS, it is the belief of Mayor and Council that the policies will demonstrate the City of Asbury Park's intent to maintain strong long-term financial health, and


WHEREAS, the policies established hereby will be periodically reviewed and updated to ensure that they are in consonance with needs and desires of the City.


NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the City of Asbury Park that the Debt Management and Capital Policies (see attached) be approved.

Meeting History

Jan 3, 2018 7:00 PM  Municipal Council Organizational Meeting
MOVER:Jesse Kendle, Councilmember
SECONDER:Amy Quinn, Deputy Mayor
AYES:Eileen Chapman, Jesse Kendle, Amy Quinn, John Moor
ABSENT:Yvonne Clayton