Financial Policies

Fiscal Year 2022 Operating and Capital Budget

Financial Policies

The City of Tampa (“City”) has established a series of financial policies to facilitate management actions on financial decisions and to assist interested parties in understanding the City’s finances. These policies are grouped as follows:

These policies generally apply to all City funds. Federal, state, and local legislation, certain regulatory standards, and specific financial policies may supersede these statements. The benefits derived from consolidated financial policies include:

  • A concise and transparent guide for making informed decisions related to City financial matters;
  • Comprehensive focus on the overall financial condition of the City rather than a narrow focus on single issues;
  • Formal communication of a commitment to sound financial management and fiscal integrity with a distinct commitment to strengthening credibility and confidence of citizens, investors, rating agencies, and other interested parties; and
  • Commitment to long-term fiscal sustainability (a balanced budget where revenues equal expenditures).
  1. Balanced Budget
  2. Fund Balances
  3. Spending Order of Fund Balances
  4. Reserve Policy – Governmental Funds
  5. Reserve Policy – Enterprise Funds
  6. Reserve Policy – Internal Service Funds
  7. Budget Stabilization Reserve
  8. Fees and Charges
  9. Non-Recurring Revenues
  10. Revenue Forecast
  11. Payment in Lieu of Taxes/Payment in Lieu of Franchise Fees (PILOT/PILOF)
  12. Cost Allocation
  13. Revenue Diversification
  14. Capital Improvement Program (Five-Year Strategic Plan)
  15. Basis of Accounting and Basis of Budgeting
  16. Administratively Re-Appropriating Prior Year Budgets
  17. Budget Amendment
  18. Inter-Fund Transfers
  1. Introduction, Scope, and Authority
  2. Objectives
  3. Debt Administration
  4. Maintaining & Improving Credit Ratings
  5. Types of Debt
  6. Conduit Debt
  7. Investment of Bond Proceeds
  8. Purpose of Financing
  9. Criteria for Evaluating Debt Options
  10. Debt Issuance
  11. Continuing Disclosure
  12. Professional Services
  13. Credit Enhancement
  14. Secondary Market Disclosure

  1. Introduction and Scope
  2. Investment Objectives
  3. Delegation of Authority
  4. Investor Advisor
  5. Standards of Prudence
  6. Ethics and Conflicts of Interest
  7. Internal Controls and Investment Procedures
  8. Continuing Education
  9. Authorized Investment Institutions and Dealers
  10. Maturity and Liquidity Requirements
  11. Competitive Selection of Investment Instruments
  12. Authorized Investment and Portfolio Composition
  13. United States Government Securities
  14. United States Government Agencies
  15. Federal Instrumentalities (United States Government-Sponsored Enterprises)
  16. Interest Bearing Time Deposits or Savings Accounts
  17. Commercial Paper
  18. Corporate Notes
  19. State and/or Local Government Taxable and/or Tax-Exempt Debt
  20. Registered Investment Companies
  21. Intergovernmental Investment Pools
  22. Performance Measurements
  23. Reporting
  24. Third-Party Custodial Agreements
  25. Attachments
  1. Grants Administration
  2. Applying for a Grant
  3. Accepting Grant Awards
  4. Managing Grants
  5. Procurement Under Grants
  6. Grants File
  7. Record Retention
  8. Annual Single Audit
  9. Ethics
  10. FEMA/Event Management
  11. Grants Manual