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Management, Information Technology, Fleet Replacement,Non-Fleet Replacement and <br /> Pavement Management). <br /> GASB # 54 establishes the standards for the accounting and financial reporting of governmental <br /> fund balances. The former fund balance classifications of reserved,unreserved, designated and <br /> undesignated are replaced with nonspendable, restricted, committed, assigned and unassigned. <br /> This recommended policy blends our existing policy with the new GASB #54 requirements. <br /> Attached, for reference purposes, is a copy of the Fund Balance Policy adopted May 10, 2005. <br /> Without reiterating GASB # 54, the recommended policy gives examples of the fund balance <br /> classifications by City fund&/or projects/programs. <br /> /OA- 51(-Xdr <br /> Dan Maiers <br /> Finance Director <br />