My WebLink
|
Help
|
About
|
Sign Out
Home
Search
12-08-14 Council Packet
LinoLakes
>
City Council
>
City Council Meeting Packets
>
1982-2020
>
2014
>
12-08-14 Council Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/15/2015 3:39:45 PM
Creation date
1/15/2015 11:43:10 AM
Metadata
Fields
Template:
City Council
Council Document Type
Council Packet
Meeting Date
12/08/2014
Council Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
152
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
CITY COUNCIL <br />AGENDA ITEM 2C <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE December 8, 2014 <br />TOPIC Consideration of adopting Resolution 14-152 Specific Revenue Sources in <br />Special Revenue Funds <br />VOTE REQUIRED Simple Majority <br />INTRODUCTION <br />The City has implemented Governmental Accounting Standards Board (GASB) Statement #54 which <br />requires that fund balances be divided into categories from most restricted to uncommitted funds. The City <br />Council must annually adopt a resolution to `commit' certain funds. <br />BACKGROUND <br />The City Council has approved a policy implementing Governmental Accounting Standards Board (GASB) <br />Statement #54. This statement's definition of special revenue funds states that special revenue funds are <br />used to account for and report the proceeds of specific revenue sources that are restricted or committed to <br />expenditures for specified purposes other than debt service or capital projects. The term "proceeds of <br />specific revenue sources" establishes that one or more specific restricted or committed revenues should be <br />the foundation for a special revenue fund and comprise a substantial portion of the fund's revenues. <br />Resolution 14-152 commits the specific revenue sources of the Recreation Special Revenue Fund <br />specifically for operating City -sponsored recreation programming and the Cable TV Fund specifically for <br />expenditures associated with Cable TV programming. This commitment may only be changed by <br />resolution of the City Council. <br />RECOMMENDATION <br />Staff recommends adoption of Resolution 14-152. <br />ATTACHMENTS <br />Resolution 14-152. <br />
The URL can be used to link to this page
Your browser does not support the video tag.