Key Fiscal Policies

An important role of the department is developing and adhering to key financial management policies to ensure adequate internal control measures are followed. These policies help guide staff and employees to make prudent decisions.  The key fiscal policies for the City of Hagerstown are listed below:

• Capital Improvement Policy (CIP)
• Debt Policy
• Enterprise Fund Dividend Transfer Policy
• General Fund Balance / Retained Earnings Policy
• Investment Policy
• Liability Coverage Fund Replenishment Policy
• Operating Budget
• Purchasing Policy
• Revenue Policy
• Worker’s Compensation Risk Management Fund Replenishment Policy