HomeMy WebLinkAbout79-054CITY OF LAKEVILLE
RESOLUTION
Date June 18, 1979 Resolution No.
79-54
Motion by Curry Seconded by Spande
RESOLUTION ABOLISHING THE
MOTOR VEHICLE FUND
WHEREAS, Governmental Accounting and Financial Reporting
Principles states "Governmental units should establish and maintain
those funds required by law and sound financial administration.
Only the minimun number of funds consistent with legal and operating
requirements should be established, however, since unnecessary
funds result in inflexibility, undue complexity, and inefficient
financial administration," and
WHEREAS, the motor vehicle deputy fees have historically
been annually transfered to the General Fund, and
WHEREAS, the expenditures for Motor Vehicle operations
have historically been accounted for in the General Fund.
NOW THEREFORE, BE IT RESOLVED:
Effective July 1, 1979 all revenues and expenditures from Motor
Vehicle operations shall be accounted for in the General Fund;
however, proper records shall continue to be maintained of receipts
and disbursement to allow for proper management and accounting.
APPROVED AND ADOPTED by the City Council of the City
of Lakeville this 18th day of June , 1979.
CITY OF LAKEVILLE
B
Gordon Lekson, Mayor
ATTEST:
r
Patrick E. McGarvey, i y Clerl