12-276 i
RESOLUTION NO. 12-276
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE, CALIFORNIA,
ESTABLISHING A GENERAL FUND CITY HALL DEVELOPMENT COMMITMENT OF FUND
BALANCE FOR THE GENERAL FUND
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 Administrative Policy entitled "Fund Balance Policy for the General Fund"
provides that the City Council may 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 is recommending to the City Council that a General Fund
Commitment of General Fund Balance for the purposes of developing a future City Hall be set at
$250,000, and
Whereas, the City Council has determined that a General Fund Commitment of General
Fund balance should be established and approved for the purposes of developing a future City Hall
in the amount of$250,000 for Fiscal Year 2012-13 as recommended by the Finance Director.
NOW, THEREFORE, the City Council of the City of Menifee, California, does hereby
RESOLVE, DETERMINE and ORDER as follows:
SECTION 1: The City Council hereby establishes and approves the General Fund City
Hall Development Commitment of General Fund balance of$250,000 for Fiscal Year 2012-13.
SECTION 2: The City Council has determined that the specific purposes for which the City
Hall Development Commitment may be used are the construction and development of a future City
Hall for the City of Menifee.
PASSED, APPROVED AND ADOPTED this 19th day of June, 2012.
(��L U az,�
Joh . Denver, Mayor
Attest:
en
Kat y Bennett, City C
App ved as of
Josep Fetcher, City Attorney
John V. Denver
Mayor
STATE OF CALIFORNIA )
Tom Fuhrman COUNTY OF RIVERSIDE ) ss
Mayor Pro Tem CITY OF MENIFEE )
Wallace W. Edgerton 1, Kathy Bennett, City Clerk of the City of Menifee, do hereby certify that the foregoing
Councilmember Resolution No. 12-276 was duly adopted by the City Council of the City of Menifee at
a meeting thereof held on the 19`h day of June, 2012 by the following vote:
Darcy Kuenzi
Councilmember Ayes: Denver, Edgerton, Fuhrman, Kristjansson, Kuenzi
Noes: None
Sue Kristjansson Absent: None
Councilmember Abstain: None
I iib
Kathy Bennett, City Clerk
29714 Haun Road
Menifee,CA 92586
Phone 951.672.6777
Fax 951.6793843
www.cityofmenifee.us