Item 4H AudioP PP
"CITY OF
SOUTHLAKE
Item 4H
Approve Fund Balance
Policy Amendment
Honorable Mayor and members of the City Council, Item 4H on tonight's agenda is
to
Requested Action
-Approve Fund Balance Policy
Amendment
Policy Amendment
• Governmental Accounting
Standards Board ( "GASB ")
• Statement 54
• Fiscal years beginning after June 15, 2010
Policy Amendment
• GASB 54
• Restricted
• Committed
• Assigned
• Unassigned
Policy Amendment
-Change in reporting presentation
only
-Finance Director authorized to
assign fund balance
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The City of Southlake provides municipal services that support
•
the highest quality of
•
life for our residents and businesses. We do this by delivering outstanding
unrivaled quality in everything that we do.
value and
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highest convenience and unique spaces tier businesses to drive
top- C5 Promote
opportunities for
standards of within City and for enjoyment of a dynamic and
safety and region personal interests sustainable economic
partnerships and
volunteer involvement
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B3 Eh id
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best select partners to quality of life and high quality
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performance 1360ptimize "
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status in all City implement service business customer
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of delivery and use of
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processes
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F1 Adhere to financial
F2 Invest to provide and F3 Achieve fiscal
management maintain high quality wellness
F4 Establish and
maintain effectiv
principles and budget public assets standards
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internal controls
L1 Ensure our L2 Enhance L3 Attract, L4 Recognize
L5 Empower
people understand leadership develop and and
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SOUTHLAKE