Laserfiche WebLink
CITY OF PEQUOT LAKES <br /> RESOLUTION 12-37 <br /> RESOLUTION ESTABLISHING FUND BALANCE REPORTING AS REQUIRED BY <br /> GASB 54 <br /> WHEREAS, The Governmental Accounting Standards Board has adopted Statement 54, a new <br /> standard for governmental fund balance reporting and governmental fund type <br /> definitions; and <br /> WHEREAS, The City of Pequot Lakes elects to implement GASB 54 requirements, and to <br /> apply such requirements in accordance with GASB 54,to its financial statements; <br /> and <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PEQUOT <br /> LAKES, MINNESOTA to adopt the following fund balance reporting policies and definitions <br /> according to GASB 54. <br /> FUND FUND BALANCE <br /> FUND CLASSIFICATION DEFINITION <br /> Bobber Water Tower Fund Special Revenue Fund Committed <br /> Library Fund Special Revenue Fund Committed <br /> Adopted by the City Council of the City of Pequot Lakes this 13th day of November, 2012. <br /> a. <br /> Nancy A. Mayor <br /> ATTEST: -GLan� <br /> Sandra A. Peine, City Clerk <br />