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Update of Financial Policies

About the Update of Financial Policies

Evaluate current financial policies and update where necessary to meet Government Finance Officers Association best practices.

Current Project Status

The need to develop policies was discussed with Council in September 2015. Staff is currently reviewing policies on fund balance, asset maintenance and capital improvement planning first.

Project Lead & Contact Info

Susan Cheung
Finance Director
Phone: 301-891-7242
Email: susanc@takomaparkmd.gov

Update of Financial Policies Details

Project Info & Timeline

  • Target completion date: Ongoing
  • Takoma Park’s role in project: Lead
  • Departments involved: Finance

Budget & Funding Source

Links & Notes

Overview of City Financial Reserve Policy

Project Directory Sections