Laserfiche WebLink
CITY OF LINO LAKES <br /> RESOLUTION NO. 23-134 <br /> COMMITTING GENERAL FUND BALANCE <br /> WHEREAS, fund balance is comprised of distinct components with distinct purposes. <br /> Under GASB 54, cities need to report five different components of fund balance to the Office of <br /> the State Auditor each year; a) nonspendable, b) restricted, c) committed, d) assigned, and e) <br /> unassigned, and <br /> WHEREAS, the City Council may set aside funds for a specific purpose by committing <br /> funds, and <br /> WHEREAS, funds were budgeted, but left unspent in the General Fund in 2023. <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that <br /> $25,667 will be committed within the General Fund for fire turn out gear ordered in October <br /> 2023, but not anticipated to be received until January 2024. <br /> Adopted by the City Council of the City of Lino Lakes this 11th day of December, 2023. <br /> /L.` /24 6` "n\"_ <br /> Rob Rafferty, Mayor <br /> ATTEST: <br /> Z JV <br /> Jolleen Chaika, City Clerk <br />