HomeMy WebLinkAboutRES CC 2014 3301 2014 0618 RESOLUTION NO. 2014-3301
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)
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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. 2014-3294 on May 21, 2014.
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) and 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 18th day of June, 2014.
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Ja••-- S. Parvin, Mayor
ATTEST:
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Maureen Benson, City Clerk
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Resolution 2014-3301
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. 2014-3301 was adopted by the
City Council of the City of Moorpark at a regular meeting held on the 18th day of June, 2014,
and that the same was adopted by the following vote:
AYES: Councilmembers Mikos, Pollock, Van Darn, and Mayor Parvin
NOES: None
ABSENT: Councilmember Millhouse
ABSTAIN: None
WITNESS my hand and the official seal of said City this 27th day of June, 2014.
Maureen Benson, City Clerk
(seal)
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