HomeMy WebLinkAbout2011-168 CCR Member Dan Ryan introduced the following resolution and moved its
adoption:
RESOLUTION NO. 2011 - 168
RESOLUTION COMMITTING SPECIFIC REVENUE SOURCES IN SPECIAL
REVENUE FUNDS
WHEREAS, the Governmental Accounting Standards Board's Statement No. 54
definition of special revenue finds states that special revenue funds are used to account for and
report the proceeds of specific revenue sources that are restricted or committed to expenditures
for specified purposes other than debt service or capital projects; and
WHEREAS, the term "proceeds of specific revenue sources" establishes that one
or more specific restricted or committed revenues should be the foundation for a special revenue
fund and comprise a substantial portion of the fund's revenues; and
WHEREAS, investment earnings and transfers from other funds do not meet the
definition of a specific revenue source; and
WHEREAS, Council action is required to formalize the commitment of specific
revenue sources to specified purposes.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center
that effective December 12, 2011 the specific revenue source of each special revenue fund and
the specific purposes for which they are committed are as follows:
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MOW
City Initiatives Grant Quarterly disbursement from Surveillance and apprehension
Violent Offenders Task Force of violent offenders
Charges for services and Recreation activities and
donations for recreation programs
activities
NW Cable Communications City sponsored cable
Grant television operations and
maintenance
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December 12 2011 7:L
Date Mayor
ATTEST:
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Kay Lasman
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Carol Kleven, Kay Lasman, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.