AI- 21332
21.A.
CC REGULAR
- Meeting Date:
- 05/25/2010
- Submitted For:
- Dina Trevino
- Submitted By:
- Ivan Cantu, BUDGET & MANAGEMENT
- Department:
- BUDGET & MANAGEMENT
Information
CAPTION
1. Pct. #1-4 R & B (1201-1204)/R & B Co. Wide (1200):
Approval to close the Road & Bridge funds for Pct. 1-4 (funds 1201-1204) and transfer monies into R & B Co. Wide (fund 1200) in order to be in compliance with GASB 54 requirements.
2. Co. Wide Parks (1210) & Pct. #1-4 Parks (1211-1214)/ General Fund (1100):
Approval to close the Co. Wide Parks fund (fund 1210) and the Parks funds for Pct. 1-4 (fund 1211-1214) and transfer monies into General Fund (fund 1100) in order to be in compliance with GASB 54 requirements.
3. Indigent Health (1249)/General Fund (1100):
Approval to close the Indigent Health Care fund (fund 1249) and transfer monies into General Fund (1100) in order to be in compliance with GASB 54 requirements.
BACKGROUND
GASB 54 "Fund Balance Reporting & Governmental Fund Type Definitions"
GASB 54 clarifies that for financial reporting purposes, a special revenue fund may only be established around one or more revenue sources that are restricted or committed to purposes other than capital projects or debt service.
GASB 54 clarifies that for financial reporting purposes, a special revenue fund may only be established around one or more revenue sources that are restricted or committed to purposes other than capital projects or debt service.
Fiscal Impact
- FISCAL YEAR:
- 2010
- ACCT. #:
- Indigent Health, R & B, & Parks
- FUNDS AVAILABLE Y/N?:
- Y
- MATCHING FUNDS Y/N?:
BUDGETARY IMPACT:
Please refer to attached transfers and backup for amounts and explanation of transfers.Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Budget and Management | Erika Zamora | 05/21/2010 03:17 PM |
| Auditor's Office | 05/21/2010 04:50 PM |
- Form Started By:
- Ivan Cantu
- Started On:
- 05/21/2010 01:43 PM
- Final Approval Date:
- 05/21/2010