HomeMy WebLinkAboutResolution 5187 Amending Resolution 4319 Additng the Story Mill Community Park Fund and the Bozeman Sports Park Fund to the List of Committed Special Revenue Fund BalancesPage 1 of 2
RESOLUTION 5187 A RESOLUTION OF THE CITY COMMISSION OF BOZEMAN, MONTANA, AMENDING RESOLUTION 4319 WHICH APPROVED THE COMMITMENT OF SPECIAL REVENUE FUND BALANCES IN ACCORDANCE WITH GASB STATEMENT NO. 54, BY ADDING THE STORY MILL COMMUNITY PARK FUND AND THE BOZEMAN SPORTS PARK FUND TO THE LIST OF COMMITTED SPECIAL REVENUE FUND BALANCES
WHEREAS, the Governmental Accounting Standards Board (GASB) has issued
Statement No. 54 – Fund Balance Reporting and Governmental Fund Type Definitions, which
changes the terminology and classifications used for fund balance reporting on balance sheets of
Governmental Funds; and
WHEREAS, the City Commission did, on the 13th day of June, 2011, after due and
proper legal notice, adopt Resolution 4319-APPROVE COMMITMENT OF SPECIAL
REVENUE FUND BALANCES IN ACCORDANCE WITH GASB STATEMENT NO. 54; and
WHEREAS, the Finance Department recommends that the fund balance and all future
revenues of the Story Mill Community Park Special Revenue Fund be formally committed to
support the Story Mill Community Park; and
WHEREAS, the Finance Department recommends that the fund balance and all future
revenues of the Bozeman Sports Park Special Revenue Fund be formally committed to support
the Bozeman Sports Park;
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Resolution No. 5187, Adopting GASB Statement 54 for Special Revenue Funds
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NOW THEREFORE BE IT RESOLVED that the City Commission of the City of Bozeman
hereby accepts the aforementioned recommendations.
PASSED, ADOPTED, AND APPROVED this 22th day of June, 2020.
______________________________
CHRIS MEHL Mayor
ATTEST:
______________________________ MIKE MAAS City Clerk
APPROVED AS TO FORM:
______________________________ GREG SULLIVAN City Attorney
DocuSign Envelope ID: 8C2EF22F-B2A2-4801-AB2C-962C98F4FB64