RES 2011-65 - 14881RESOLUTION NO. 2011-65
RESOLUTION COMMITTING SPECIFIC REVENUE SOURCES
IN SPECIAL REVENUE FUNDS
WHEREAS, the Governmental Accounting Standards Board's Statement #54 definition
of special revenue funds 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 the specific
revenue sources to specified purposes.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Fridley that
effective December 31, 2011, the specific revenue source of each special revenue fund
and the specific purposes for which they are committed are as follows:
Grant Management Federal and State Grants Various Grant Purposes
Cable TV Cable Franchise Fees Cable TV Programming
Solid Waste Recycling Fees Recycling Activities
Abatement
Drug and Gambling Federal and State Forfeitures Police Activities
Forfeitures
Police Activity Federal and State Grants Police Positions
Springbrook Nature Tax Levy and User Fees Nature Center Activities
Center
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY
THIS 12TH DAY OF DECEMBER 2011.
lAoig-ofSCOTT . L - MAYOR
ATTEST:
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DEBRA A. SKOGENL7 CITY CLERK