HomeMy WebLinkAboutCC Reso No 2019-056 Adopting Credit Card Acceptance PolicyRESOLUTION NO. 2019-056
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, ADOPTING THE CREDIT CARD ACCEPTANCE POLICY
Whereas, Government Finance Officers Association recommends governments formally adopt
financial policies that define boundaries, manage risk, clarify intent, promote governance
accountability, and define shared understanding; and
Whereas, a formal policy regarding acceptance of credit and debit cards as a method of payment
has never been presented to Council; and
Whereas, the City began accepting credit and debit cards as a payment method to customers in
July 2005 and has significantly increased since then; and
Whereas, payment card processing costs have increased and the average cost borne the City is
2.75% of the total amount of each payment transaction; and
Whereas, California Government Code Section §6159 allows government agencies to recover
payment card processing costs through fees applied to the cardholder; and
Whereas, the City Council has determined that the Credit Card Acceptance Policy provides direction
to those who process payment card transactions on behalf of the City and is in the best interest of the
City and the community to initiate the Convenience Fee to recover processing costs; and
Whereas, the City Council acknowledges that the Credit Card Acceptance Policy provides for
automatic adjustments based on merchant cost increases or decreases; and
Whereas, the City Council desires to adopt the Credit Card Acceptance Policy of the City of Lake
Elsinore.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA,
DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. The attached City of Lake Elsinore Credit Card Acceptance Policy, is hereby adopted
and made a part of this Resolution.
Section 2. This Resolution shall take effect from and after the date of its passage and adoption.
City Council Resolution No. 2019 -056
Page 2 of 2
Passed and Adopted on this 25th day of June, 2019.
Brian Tisdale
Mayor Pro -Tem
Attest:
Mark Mahan
Deputy City Clerk
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Mark Mahan, Deputy City Clerk of the City of Lake Elsinore, California, do hereby certify that
Resolution No. 2019 -056 was adopted by the City Council of the City of Lake Elsinore, California,
at the Regular meeting of June 25, 2019, and that the same was adopted by the following vote:
AYES: Council Members Sheridan and Magee; Mayor Pro-Tern Tisdale
NOES: None
ABSENT: Council Member Johnson and Mayor Manos
ABSTAIN: None
Mark Mahan
Deputy City Clerk