HomeMy WebLinkAboutResolution - 3383 STATE OF CALIFORNIA ) RESOLUTION NO: 3383
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JACINTO, CALIFORNIA, ADOPTING THE FUND BALANCE POLICY IN
ACCORDANCE WITH GASB STATEMENT NO. 54
WHEREAS, the Governmental Accounting Standards Board (GASB) has issued
Statement No. 54 entitled "Fund Balance Reporting and Governmental Fund Type
Definitions"; and
WHEREAS, the City Council desires to classify the various components of fund
balance reported by the City Council as defined in GASB Statement No. 54,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San
Jacinto, as follows:
Section 1: The City Council of the City of San Jacinto, approves and defines
the various components of fund balance as reported by the City
Council as presented in the Policy set forth in Attachment A to this
resolution, which is incorporated by reference into this Resolution.
Section 2: The requirements of this Policy are effective for financial
statements for periods beginning after June 15, 2010.
Section 3: The City Council designates the Finance Director as the official to
determine and define the amounts of those components of fund
balance that are classified as assigned fund balance, and to
exercise his/her discretion as to the application of the expenditures
to either the assigned or unassigned fund balance.
PASSED, APPROVED, AND ADOPTED this 215t day of June, 2011, by the
following vote:
Ayes: Bartel, Di Memmo, Ledezma, Miller
Nays: None
Absent: Kotyuk
Abstain: None
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City of San Jacinto
Ln
Scott Miller, Mayor
ATTEST:
- L' JL�QaL'4_�
Ric and Miller, City Clerk
APPROVED AS TO FORM:
Best, Best & Krieger, LLP
y
Jeffre . Ballinger, i y Attorney
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CERTIFICATE
-- STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
1, Rick Miller, City Clerk of the City of San Jacinto, do certify that the foregoing
Resolution No."3 was passed, adopted and approved at a regular meeting of the
City Council of the City of San Jacinto held on the 215t day of June, 2011.
WITNESS my hand and official seal of the City of San Jacinto this 215t day of
June, 2011.
i
Richard Miller, City Clerk
low
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