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5K, GASB 54 Revenue Commitments and Fund Changes
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5K, GASB 54 Revenue Commitments and Fund Changes
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10/24/2024 11:13:08 AM
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12/12/2011 8:05:10 AM
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December 12 2011 Reg City Council Meetin
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� <br />EN HILLS ' <br />Request for Council Action <br />Prepared By: Sue Iverson, Director of Finance and � Council Meeting Date: December 12, 2012 <br />Administrative Services <br />GASB 54 Revenue Commitments and Fund Changes <br />Budgefed Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br />Recommendation: <br />1. Motion to approve the reclassifcation/elimination effective January l, 2011 of: <br />• The Risk Management fund from a Special Revenue fund to an Internal Service fund <br />• The Parks fund from a Special Revenue fund to a Capital fund <br />• The elimination of the Community Service fund and its contents transferred to tfie Public <br />Safety Capital fund <br />• The elimination of the TCAAP fund and its contents transferred to a department in the <br />General fund. <br />2. Motion to approve Resolution 20ll-060, a resolution committing specific revenue sources in <br />Special Revenue funds. <br />: 5uppoMinE Documents: <br />1. Memorandum from Sue Iverson, Director of Finance and Administrative Services, dated <br />December 12, 2011. <br />2. Resolution 2011-060. <br />
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