HomeMy WebLinkAboutRES 16-7017 (GENERAL FUND)1
2
3
4
5
6
7
8
9
to
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
1)R
RESOLUTION NO. 16-7017
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HERMOSA BEACH, CALIFORNIA, APPROVING GENERAL FUND
COMMITMENTS OF FUND BALANCE FOR FISCAL YEAR 2015-2016
THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA,'
DOES HEREBY RESOLVE AS FOLLOWS:
WHEREAS, the Governmental Accounting Standards Board (GASB) has issued its
Statement No. 54, 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 may adopt a resolution to commit General Fund balance for
specific purposes by taking formal action and these committed amounts cannot be used for any
other purpose unless the City Council removes or changes the specific use through the same
formal action taken to establish the commitment; and
WHEREAS, the Finance Director has recommended to the City Council that the
following commitment of General Fund balance be established and approved as follows:
General Plan Maintenance Fees $33,516
BE IT FURTHER RESOLVED that the City Council of the City of Hermosa Beach
authorizes and approves the above funds as recommended.
This Resolution shall take effect immediately upon its passage and adoption. The City Clerk shall
certify to the passage and adoption of this Resolution, shall enter the same in the book of original
Page 1 of 2
16-7017
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
1)R
Resolutions of said city; and shall make a minute of the passage and adoption thereof in
records of the proceedings of the City Council at which the same is passed and adopted.
ATTEST:
City
PASSED, APPROVED and ADOPTED this 23rd day of February, 2016.
of tie City Council a�d MAYOR of the City of Hermosa Beach, California
r
Page 2 of 2
OVED A� TO FORM:
16-7017
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF HERMOSA BEACH
I, Elaine Doerfling, City Clerk of the City of Hermosa Beach, California, do
hereby certify that the foregoing Resolution No. 16-7017 was duly and regularly passed,
approved and adopted by the City Council of the City of Hermosa Beach at a Regular
Meeting of said Council at the regular place thereof on February 23, 2016.
The vote was as follows:
AYES: Duclos, Fangary, Massey, Mayor Petty
NOES: None
ABSTAIN: None
ABSENT: None
Dated February 24, 2016
Elaine Doertling, City