HomeMy WebLinkAboutRES CC 2017 3604 2017 0621 RESOLUTION NO. 2017-3604
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, DESIGNATING FUND
BALANCE COMMITMENTS AND ASSIGNMENTS FOR
FISCAL YEAR (FY) 2016/17 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 2016/17: Library Fund (1010) for the purpose of providing library
services.
SECTION 2. The City Council designates the following Assigned Fund Balances
for FY 2016/17 for the future design and construction of infrastructure improvement
projects: Capital Projects (3000), City Hall Improvement (3001), Police Facilities (3002),
Equipment Replacement (3003) and Special Projects (3004). 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).
Resolution 2017-3604
Page 2
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 21st day of June, 2017.
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Ja e S. Parvin, Mayor
ATTEST: °-
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Maureen Benson, City Clerk
Resolution 2017-3604
Page 3
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. 2017-3604 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the
21st day of June, 2017, and that the same was adopted by the following vote:
AYES: Councilmembers Mikos, Pollock, Simons, 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, 2017.
Maureen Benson, City Clerk
(seal)
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