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3D, Fund Balance Policy and the New GASB 54 Statement
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3D, Fund Balance Policy and the New GASB 54 Statement
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10/24/2024 10:41:51 AM
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11/23/2011 10:33:34 AM
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Fund Balance Policy and the New GASB 54
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Fund Balance Policy and the New GASB 54
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Fund Balance Policy and the New GASB 54
Date
11/21/2011
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,� , . . . , <br />a „+,,;� f,.r,� �,., i„ ��,,, , iu-�� ::.,,.�. �... �. <br />ti i i ..ia �.o .. <br />� <br />�8� <br />Enterprise Funds — It is expected that unrestricted net assets will be large. These funds have large <br />investment in infrastructure that needs to be maintained. The City will periodically complete a rate study <br />for these funds to ensure rates and unrestricted net assets are sufficient to operate and maintain these <br />activities. <br />Review and Approval <br />The fund balance policy shall be formally approved and adopted by resolution of the City Council and <br />any;future changes to the policy must be approved by the City CounciL <br />Approval by the City Council the_ _ 28t11 Day of , Nove��lbet�, 209� 1]. <br />�, ' '�Tr'.T uu��G�David <br />Gi•ant, Mayor ATTrST: — Bat�— <br />r:� �x':",�, T,° �, .:.:.Patrick I�laers, City Administrator —A�e--� <br />P•\Finance\Policies anc� l'rocedures�P�licies\�un�i Bal��i�ce I'olicy-2011.doc":`'���^��"���.�`,°:;'.'::��� <br />r.,�, ,,,.;riE�,a i i ii n��n7 i ��zi_n�.�Ad.opted 11/28/2011 <br />1 r. Z c.. �z i. i r �. . <br />
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