HomeMy WebLinkAboutResolution 4610 Adding the Community Transportation Special Revenue Fund G
COMMISSION RESOLUTION NO. 4610
A RESOLUTION OF THE CITY COMMISSION OF BOZEMAN, MONTANA,
AMENDING RESOLUTION 4319 BY ADDING THE COMMUNITY
TRANSPORTATION SPECIAL REVENUE FUND TO THE LIST OF
COMMITTED FUND BALANCES IN ACCORDANCE WITH GASB
STATEMENT NO. 54.
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, adopted Resolution 4319 Approving the Commitment of Special
Revenue Fund Balances in Accordance with GASB Statement No. 54; and
WHEREAS, in the final adopted budget for fiscal year 2015 the City Commission
approved the levying of five general all-purpose property tax mills to fund the local share
of street improvements; and
WHEREAS, the Finance Department recommends that the fund balance and all
future revenues of this newly-adopted five mill property tax levy be formally committed
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to fund the local share of street improvements;
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Resolution No.4319,Adopting GASB Statement 54 for Special Revenue Funds
NOW THEREFORE BE IT RESOLVED that the City Commission of the City
of Bozeman hereby accepts the aforementioned recommendations.
PASSED AND ADOPTED this 22th day of June, 2015.
F Y KRAUSS
ayor
ATTEST:
A,
- S X L� � d
City Clerk l•
APPROVED AS TO FORM:
GREq SULLIVAN
City Attorney
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