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6 <br /> <br />4. Fund balances in the Municipal Development Capital Project Fund shall be <br />considered as committed for community development and re-development and <br />initial project costs. <br /> <br />5. Fund balances in other capital project funds will be considered as assigned, <br />consistent with the purpose of their respective funds. <br /> <br />VII. AUTHORITY <br /> <br />The Finance Director is authorized to assign amounts within the fund balance of the City’s <br />governmental funds to be used for specific purposes in conformity with GAAP and GASB <br />pronouncements and to be consistent with this policy and the intent of the City Council. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />