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Resolution - 2020-35RESOLUTION NO.2020-35 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, ADOPTING FINANCIAL AND BUDGET POLICIES WHEREAS, the City Council of the City of West Covina, California is adopting financial and budget policies as a best management practice. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The City Council has reviewed and approved the following policies: A. Budget Policy B. Debt Management Policy C. Disclosure Policy D. Information Technology Backup Policy E. Pension Funding Policy SECTION 2. The City Clerk shall certify to the adoption of this resolution and shall enter the same in the book of original resolutions and it shall become effective immediately. PASSED AND ADOPTED this 19th day of May, 2020. APPROVE S FORM ///k );�� Thomas . Dt ante City Attorney ATTES 1�"'b I Lisa S rrick Assi t City Clerk I, LISA SHERRICK, ASSISTANT CITY CLERK of the City of West Covina, California, do hereby certify that the foregoing Resolution No. 2020-35 was duly adopted by the City Council of the City of West Covina, California, at a special meeting thereof held on the 19th day of May, 2020, by the following vote of the City Council: AYES: Castellanos, Johnson, Shewmaker, Lopez-Viado, Wu NOES: None ABSENT: None ABSTAIN: None Lisa She ' k AssistaVity Clerk