HomeMy WebLinkAboutRES CC 2019 3823 2019 0619 RESOLUTION NO. 2019-3823
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, DESIGNATING FUND
BALANCE COMMITMENTS AND ASSIGNMENTS FOR
FISCAL YEAR (FY) 2018/2019 AS REQUIRED BY
GOVERNMENTAL ACCOUNTING STANDARDS BOARD
(GASB) 54
WHEREAS, GASB issued Statement No. 54, Fund Balance Reporting and
Governmental Fund Type Definitions (GASB 54); and
WHEREAS, for financial statement reporting purposes, GASB 54 defines
Committed amounts as those constrained to specific purposes by the government itself;
and
WHEREAS, for financial statement reporting purposes, GASB 54 defines
Assigned amounts as those the government intends to use for a specific purpose; and
WHEREAS, the City Council adopted Policy 5.8, Fund Balance Reporting as
Required by Governmental Accounting Standards Board Statement No. 54 (GASB 54),
in City Council Policies Resolution No. 2018-3763 on November 7, 2018.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City Council designates the following Committed Fund
Balances for FY 2018/2019: Library Fund (1010) for the purpose of providing library
services.
SECTION 2. The City Council designates the following Assigned Fund Balances
for FY 2018/2019 for the future design and construction of infrastructure improvement
projects: Capital Projects (3000), City Hall Improvement (3001), Police Facilities (3002),
Equipment Replacement (3003), Special Projects (3004), Remaining MRA Bond
Proceeds (3005), and DDA Settlement Capital (3007). The City Council designates the
following Assigned Fund Balances for FY 2018/2019 for future equipment
replacements: PEG Capital (3006), IT Equipment Replacement (3008), Vehicle
Replacement (3009) and Facilities Replacement (3010). The City Council designates
the following Assigned Fund Balances for use only within the departments the funds
represent: Community Development (2200) and Engineering/Public Works (2205).
SECTION 3. The City Clerk shall certify to the adoption of this resolution and
shall cause a certified resolution to be filed in the book of original resolutions.
Resolution 2019-3823
Page 2
PASSED AND ADOPTED this 19th day of June, 2019.
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Ja ice S. Parvin, Mayor
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Resolution 2019-3823
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Ky Spangler, City Clerk of the City of Moorpark, California, do hereby certify
under penalty of perjury that the foregoing Resolution No. 2019-3823 was adopted by
the City Council of the City of Moorpark at a regular meeting held on the 19th day of
June, 2019, and that the same was adopted by the following vote:
AYES: Councilmembers Enegren, Mikos, Pollock, Simons, and Mayor Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 19th day of June, 2019.
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