City of Roswell - File #: 11-0238

• File #: 11-0238
• Version: 2
• Name: Fund Equity Policy
• Type: General Item
• Status: Passed
• File created: 4/4/2011
• In control: Mayor and City Council
• On agenda: 4/25/2011
• Final action: 4/25/2011
• Title: Approval of the City of Roswell Fund Equity Policy. Finance

Date	Ver.	Action By	Action	Result
4/25/2011	2	Mayor and City Council	Approved	Pass
4/12/2011	1	Administration and Finance & Recreation and Parks Committee	Approved for the Regular Agenda	Pass

Title

Approval of the City of Roswell Fund Equity Policy.

Finance

Body

Item Summary:

The Governmental Accounting Standards Board (GASB Statement No. 54) requires that a formal policy be adopted by the local government establishing the classification of the fund equities.

Committee or Staff Recommendation:

On April 12, 2011 the Administration and Finance and Recreation and Parks Committee recommended placing this Item on the April 25,2011 Mayor and Council Agenda.

Financial Impact:

N/A

Presented by:

Julia Luke, Director of Finance