HomeMy WebLinkAboutRES 13-6849 (GENERAL FUND FISCAL YEAR 2013-2014)1
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?R
RESOLUTION NO. 13-6849
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HERMOSA BEACH, CALIFORNIA, APPROVING GENERAL FUND
COMMITMENTS OF FUND BALANCE FOR FISCAL YEAR 2013-2014
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:
In Lieu Fee/Parking Facility
$28,900
BE IT FURTHER RESOLVED that the City Council of the City of Hermosa Beach,
California authorizes and approves the above funds as recommended.
ATTEST:
Clay
P4SSED, APPROVED and ADOPTED this 1 lth day of June 2013.
of the pity 61ek and MAYOR of the City of Hermosa Beach, California
APPROVED AS TO FORM:
ity Attorney
13-6849
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. 13-6849 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 June 11, 2013.
The vote was as follows:
AYES: DiVirgilio, Duclos, Fishman, Tucker, Mayor Bobko
NOES: None
ABSTAIN: None
ABSENT: None
Dated: June 11, 2013
Elaine Doerfling, City Clerk
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