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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br /> RESOLUTION NO. 2011-110 <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 Prola and passed and adopted this 20th day of June, 2011, <br /> by the following called vote: <br /> Members of the Council: <br /> AYES: Councilmembers Cutler, Gregory, Prola, Reed, Sown, Starosciak; <br /> Mayor Cassidy (7) <br /> NOES: None (0) <br /> ABSENT: None (0) <br /> ATTEST: , aNt 00 k. <br /> Marian Handa, City Clerk <br />