In 2007 the City of Oxford crafted a Comprehensive Financial Policy that is reviewed annually and updated when needed. Oxford’s financial policy was crafted to maximize our revenues, minimize our expenditures, preserve the safety of our public funds, and maintain a strong position in the financial community. We are committed to financial excellence, responsible financial management, and full disclosure to the citizens of Oxford. An overview of Oxford's financial policies and goals are located at the bottom of the page for your convenience. Download the City of Oxford Financial Policy (the Purchasing Policy section has been removed from this document. You can download this section below).
Financial policies are guiding principles for all decision making related to financial management. These policies establish the budget practices of an organization and support its financial goals. A comprehensive financial policy will outline the best procedures and practices in governmental financial management.
Budget Policy- Purchasing Policy
- Procurement Policy
- Capital Asset Policy
- Investment Policy
- Debt Management Policy
- Finance Department Administrative Policies
The City of Oxford also has an Investment Policy that is reviewed periodically and updated when needed. Oxford’s investment policy was crafted to govern the investment activities of the City, ensure the safety of the City’s funds and investments, and maintain sufficient liquidity to meet our operating needs. We are committed to responsible investment management and full disclosure to the citizens of Oxford. Download the City of Oxford Updated Investment Policy.
Investment policies are guiding principles for all decision making related to the management of investments and investment activities. These policies establish investment parameters and permissible investments for the City.
- Safety and security of City funds and investments.
- Preservation of capital and protection of principal.
- Maintenance of sufficient liquidity to meet operating needs.
- Diversification of investments to avoid unreasonable or avoidable risks.
- Market rate of return on the portfolio within the above constraints.