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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br />RESOLUTION NO. 2011- <br />RESOLUTION APPROVING THE FUND BALANCE COMPONENTS AS DEFINED IN <br />GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT NO. 54 <br />WHEREAS, the Government Accounting Standards Board (GASB) has issued its Statement <br />No. 54, Fund Balance Reporting and Governmental Fund Type Definitions with the intent of <br />improving financial reporting by providing fund balance categories that will be more easily <br />understood; and <br />WHEREAS, the City Council of the City of San Leandro desires to classify the various <br />components of fund balance reported by the City as defined in Government Accounting Standards <br />Board Statement No. 54. <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as <br />follows: <br />That the City Council approves and defines the various components of fund balance, and <br />that the classification and reporting of fund balance components as required by Government <br />Accounting Standards Board Statement No. 54 will become effective starting with the 2010 -11 <br />fiscal year; and <br />BE IT FURTHER RESOLVED, that the City Council designates the City Manager as the <br />City official to determine and define the amounts of those components of fund balance that are <br />classified as "Assigned Fund Balance ". <br />Introduced by Councilmember and passed and adopted this <br />20 day of June, 2011, by the following called vote: <br />Members of the Council: <br />AYES: <br />NOES: <br />ABSENT: <br />ATTEST: <br />Marian Handa, City Clerk <br />