HomeMy WebLinkAbout13-113CITY OF LAKEVILLE
RESOLUTION NO. 13-113
RESOLUTION COMMITTING GENERAL FUND BALANCE FOR SPECIFIC PURPOSES
WHEREAS, the Governmental Accounting Standards Board's Statement No. 54
defines committed fund balance as amounts that can only be used for specific
purposes pursuant to constraints imposed by formal action of the Council; and
WHEREAS, Council action is required before year end to formalize the
commitment of fund balance to specified purposes; and
WHEREAS, those committed amounts cannot be used for any other purposes
unless the City removes or changes the specified use by taking the same type of action
it employed to previously commit those amounts.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakeville
that the specific portions of fund balance in the identified fund is committed as
follows:
APPROVED this 16th day of December 2013 by the City Council of the City of
Lakeville
CITY OF LAKEVILLE
By:
Ma Little, Mayor
I_1
Charlene Friedges, City
General
Maintenance
To pay for future costs related to prevention,
$45,000
control, and /or eradication of the Emerald Ash Borer
infestation.
APPROVED this 16th day of December 2013 by the City Council of the City of
Lakeville
CITY OF LAKEVILLE
By:
Ma Little, Mayor
I_1
Charlene Friedges, City