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Authorized methods of sale shall be considered Method of selecting outside nance professionals shall be consistent with the City’s procurement practices Refunding of debt calculation Primary and secondary market disclosure practices Compliance with federal law provisions such as arbitrage requirements Integration of capital planning and debt nancing activities Investment of bond proceeds Risk Management Practice Fund 689 has been established to fund the costs tied to the liability and property damage insurance, worker’s compensation, and risk management programs. The City is self-insured and is a member of the California Joint Powers Risk Management Authority. The City’s self-insured retention amount is currently $500,000. The Risk Manager allocates 50% of all related program costs to City Departments based on budgeted total employee count. The remaining 50% of all program costs get allocated based on, at minimum, a ve year claims experience for each department. Cash/Investment Management Policy One of the City’s highest scal management priorities is maintaining the value of its cash and investment assets. The City values its cash and investment in accordance with the provisions of Government and Accounting Standards (GASB) Statement No. 31, Accounting and Financial Reporting for Certain Investments and External Investment Pools (GASB 31), which requires governmental entities, including governmental external investment pools, to report certain investments at fair value in the statement of net assets/balance sheet and recognize the corresponding change in the fair value of investments in the year in which the change occurred. Fair value is determined using published market prices. The City of San Leandro’s investment policy is reviewed and approved by the City Council annually on or before June 30 to ensure that the City is complying with State Government Code regulations. The City’s investment policy objectives are safety, liquidity, yield, and investments are made to bear in mind the responsibility of City government to its citizens. Alternative investments which enhance the quality of life are given full considerations. Oversight and Internal Controls Practices The Finance Director implemented a system of internal controls to prevent losses of public funds arising from fraud, employee error and misrepresentation by third parties, unanticipated changes in nancial markets, or imprudent actions by employees and ofcers of the City. These controls include: Separation of duties Control of collusion Custodial safekeeping Separating transaction authority from accounting and recordkeeping Clear delegation of authority Minimizing the number of authorized investment ofcials Documentation of transactions and strategies Ethical standards Revenue Enhancements and Setting of Charges and Fees Policy The City of San Leandro maintains the use of charges and fees as a method of funding governmental services. The policy establishes the charge and fee setting process which includes the following: Recovery of costs providing goods and services Annual review of the master fee schedule to update factors used in the development of fees and charges such as ination, other cost increases, and current competitive rates Information of the master fee schedule is made available to the public which includes basis for fee and charge changes, amount of proposed changes and the adoption of said charges and fees Staff regularly assesses the cost and feasibility of collection and recovery for specic services Use of service charges and fees as a major source of funding is appropriate when the services are similar to private sector services, there is a direct relationship between the amount paid and the level and cost of service provided, the service is used to discourage waste of City services such as false alarms, and the service is regulatory in nature such as building permits and plan checks Four concepts are used when developing fees and charges: Revenues should not exceed reasonable costs of providing service Cost recovery should include direct costs, and administrative costs such as accounting, personnel, data processing, insurance, etc. Simplistic method of assessing and collecting fees to reduce collection costs Annual review and adjustments to include Bay Area CPI increase, salary increases or other multipliers based on the cost of providing services City of San Leandro | Proposed Biennial Budget FY24-25 Page 39