Laserfiche WebLink
City of Centerville <br /> Council Meeting <br /> October 12, 2011 <br /> b. Res. #11 -023 — Committing Fund Balances for Specific Purposes <br /> Administrator Larson stated that there is a total of three resolutions for Council's <br /> consideration and they are required by the Governmental Accounting Standards Board <br /> regulations. Finance Director Jeziorski briefly explained that the Fund Balance Policy <br /> establishes guidelines to provide for classification of funds and funding levels needed to <br /> ensure availability throught the fiscal year due to revenue timing. <br /> Motion by Council Member Paar, seconded by Council Member Love, to approve <br /> Res. #11-021 — Authorizing A Fund Balance Policy as required under GASB54 and <br /> presented. All in favor. Motion passesd unanimously. <br /> Finance Director Jeziorski briefly explained Res. #11 -022 and that specific revenue <br /> sources for special revenue funds need to be outlined as to their purpose and whether they <br /> are restricted or committeed or assigned to a specified purpose as per the Fund Balance <br /> Policy. <br /> Motion by Council Member Fehrenbacher, seconded by Council Member Paar, to <br /> approve Res. #11 -022 — Committing Specific Revenue Sources and Confirming <br /> Restrictions for Specified Purposes in Special Revenue Funds (GASB54) as required <br /> and presented. All in favor. Motion passesd unanimously. <br /> Motion by Council Member Love, seconded by Council Member Paar, to approve <br /> Res. #11 -023 — Committing Fund Balances for Specific Purposes as presented. All <br /> in favor. Motion passed unanimously. <br /> 4. Ditching Cleaning Project Update <br /> Administrator Larson provided Council with an update on the project by stating that two <br /> ditches near separate developments (Royal Meadows and Pheasant Marsh) were <br /> involved. The Royal Meadows portion went very well; however, problems were <br /> encounted with the City's contractor exceeding designated areas with removing trees on <br /> private property which has halted the project and caused concern for two property owners <br /> (6892 and 6882 Centerville Road). Larson stated that the contractor has admitted error. <br /> City Attorney Glaser reviewed state law regarding ditches and the rights of ditch <br /> authorities to certain easements and to make special assessments. Lengthy discussion <br /> ocurred regarding procurment of easements, property appraisals, potential for surveys if <br /> monument markers can not be located. <br /> Motion was made by Council Member Paar, seconded by Council Member <br /> Fehrenbacher to expend funds to secure appraisals and surveys for 6892 & 6883 <br /> Centerville associated with obtaining easements along the ditch not to exceed $3,000. <br /> All in favor. Motion passed unanimously. <br /> Page 4 of 5 <br /> 4 <br />