R-050-11 - Laserfiche WebLink

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SECTION 4: The City Council hereby designates the Management Services Director responsible for compliance with Governmental Accounting Standards Board (GASB) Statement No. 54. As such the City Manager or Management Services Director will be responsible for and have the authority to classify fund balances either as "assigned" or "unassigned" as appropriate for financial statement purposes. SECTION 5: The City Council hereby affirms and directs that the construction and development of a senior housing project at the former site of Colton Palms is a staff priority. SECTION 6: The FY 2011-12 Budget is in accordance with all applicable ordinances of the City and all applicable statutes of the State. SECTION 7: At the end of FY 2010-11, certain purchase orders exist as outstanding encumbrances representing contractual obligations of previously budgeted funds. In addition, certain amounts have been included in the FY 2010-11 budget that relate to one-time allocations for projects and services, but remain unspent. The outstanding encumbrances and, at the City Manager's discretion, any unspent one-time allocations are deemed to be rebudgeted as an addition to the budget amounts previously approved in this resolution. All such amounts have been removed from available balances in the FY 2011-12 projections. SECTION 8: Under the direction of the City Manager, the Management Services Director may make the reallocation of appropriations within departments. Amendments (hicreases/Decreases) to the Budget shall be by approval and Resolution of the City Council. SECTION 9: The City Clerk shall certify the adoption of the Budget and shall cause to be filed with the County Auditor within 60 days of the adoption, a certified copy of the Budget and Resolution. PASSED, APPROVED AND ADOPTED this 7`h day of June, 2011 ATTEST• EILEEN C. GOMEZ, CMC City Clerk