HomeMy WebLinkAboutRES CC 2013 3202 2013 0619 RESOLUTION NO. 2013-3202
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, DESIGNATING FUND
BALANCE COMMITMENTS AND ASSIGNMENTS 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. 2013-3176 on April 17, 2013.
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: Library Fund (1010) for the purpose of providing library services.
SECTION 2. The City Council designates the following Assigned Fund Balances
for the future design and construction of infrastructure improvement projects: Capital
Projects (4000), City Hall Improvement (4001), Police Facilities (4002), Equipment
Replacement (4003), Special Projects (4004), Moorpark Highlands (4010). 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 (2620).
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.
PASSED AND ADOPTED this 19th day of June, 2013.
S. Parvin, Mayor
ATTEST: �p
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Maureen Benson, City Clerk
Resolution 2013-3202
Page 2
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Maureen Benson, City Clerk of the City of Moorpark, California, do hereby
certify under penalty of perjury that the foregoing Resolution No. 2013-3202 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the
19th day of June, 2013, and that the same was adopted by the following vote:
AYES: Councilmembers Mikos, Pollock, Van Dam, and Mayor Parvin
NOES: None
ABSENT: Councilmember Millhouse
ABSTAIN: None
WITNESS my hand and the official seal of said City this 3rd day of July, 2013.
Maureen Benson, City Clerk
(seal)
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