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<br />Item No: 8.C <br />Meeting Date: September 28, 2015 <br />Type of Business: Council Consent <br />Administrator Review: _____ <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Resolution 8456 Closing the DARE Special Revenue Fund <br /> <br /> <br />This is a house keeping issue. Attached is Resolution 8456 closing the DARE Special Revenue <br />Fund. This fund has become unnecessary for record keeping purposes. Any DARE activity that <br />may occur in the future can be recorded in the General Fund. Generally Accepted Accounting <br />Principles (GAAP) require a fund be eliminated or consolidated whenever possible. <br /> <br />Staff recommends that the City Council authorize closure of the DARE Special Revenue Fund to <br />the General Fund and authorize the necessary transactions and budget adjustments to complete this <br />closure. <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br />________________________ <br />Mark Beer <br />