HomeMy WebLinkAbout6773 RESOLUTION NO. 6773
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARCADIA, CALIFORNIA, CLASSIFYING THE VARIOUS
COMPONENTS OF FUND BALANCE AS DEFINED IN
GOVERNMENT ACCOUNTING STANDARDS BOARD
STATEMENT NO. 54.
WHEREAS, the Governmental Accounting Standards Board has issued
Statement No. 54 entitled "Fund Balance Reporting and Governmental Fund Type
Definitions" with the intent of improving financial reporting by providing fund balance
categories that will be more easily understood; and
WHEREAS, the City Council of the City of Arcadia desires and intends to comply
with Statement No. 54.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
SECTION 1. The City Council hereby approves the changes set forth in
Governmental Accounting Standards Board Statement No. 54 for the City's financial
reporting, effective starting with the City's 2010 -11 fiscal year.
SECTION 2. This Resolution shall take effect upon its adoption and the City
Clerk shall certify to the adoption of this Resolution.
[SIGNATURES ON THE NEXT PAGE]
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Passed, approved and adopted on this 7th day of Jurie , 2011.
. /, / i 4 i - .A. i'
,! yor o The ity •f Arcadia
ATTEST:
mit
City Clerk
APPROVED AS TO FORM:
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Stephen P. Deitsch
City Attorney
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JAMES H. BARROWS, City Clerk of the City of Arcadia, hereby certifies that the
foregoing Resolution No. 6773 was passed and adopted by the City Council of the City of
Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said
Council held on the 7th day of June, 2011 and that said Resolution was adopted by the
following vote, to wit:
AYES: Council Members Amundson, Chandler, Harbicht, Segal and Kovacic
NOES: None
ABSENT: None
dr
ity Clerk of the City of Arcadia
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