HomeMy WebLinkAboutRES CC 2016 3517 2016 0615 RESOLUTION NO. 2016-3517
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, DESIGNATING FUND BALANCE
COMMITMENTS AND ASSIGNMENTS FOR FISCAL YEAR (FY)
2015/16 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. 2015-3378 on March 18, 2015.
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 2015/16: Library Fund (1010) for the purpose of providing library services.
SECTION 2. The City Council designates the following Assigned Fund Balances for
FY 2015/16 for the future design and construction of infrastructure improvement projects:
Capital Projects (4000), City Hall Improvement (4001), Police Facilities (4002), Equipment
Replacement (4003) and Special Projects (4004). 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 15th day of June, 2016.
dJan ce S. Parvin, Mayor
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Maureen Benson, City Clerk ����, (-)-
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Resolution 2016-3517
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. 2016-3517 was adopted by the
City Council of the City of Moorpark at a regular meeting held on the 15th day of June, 2016,
and that the same was adopted by the following vote:
AYES: Councilmembers Mikos, Millhouse, Pollock, Van Dam, and Mayor Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 5th day of July, 2016.
Maureen Benson, City Clerk
(seal)
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