2011-828 o'
RESOLUTION NO. 2011-828
A Resolution to Approve Commitment of Fund Balances.
WHEREAS, the Governmental Accounting Standards Board (GASB) has issued Statement No.
54, which changes the terminology used for fund balance reporting on balance sheets of
Governmental Funds; and
WHEREAS, to meet the new GASB Statement No. 54 definition of a special revenue fund, the
specific revenue source must be committed to expenditures for specified purposes; and
WHEREAS, Administrative Services has reviewed the new terminology; and
WHEREAS, 20% of the Cable TV franchise fees shall be committed for the cost related to
operation of JATV -12; and
WHEREAS, resources of the Golf Courses Special Revenue Fund shall be committed for the
costs associated with the Golf Courses; and
WHEREAS, 37.5% of the Room Tax collected shall be committed for the support of the
Janesville Visitor and Convention Bureau; and
WHEREAS, resources collected in the Parkland Acquisition Special Account fund shall be
committed to the cost associated with acquiring and improving parkland; and
WHEREAS, resources collected in the Crime Prevention Special Account Fund shall be
committed to the for cost associated with crime prevention activities; and
WHEREAS, resources collected in the Federal Forfeiture Sharing Special Account Fund shall be
committed to the cost associated with for drug enforcement activities and/or police equipment;
and
WHEREAS, resources collected for Police Department Drug Unit shall be committed to the
costs associated with for drug enforcement activities; and
WHEREAS, resources collected from the Janesville School District for Police Liaison Service in
the Special Account Fund shall be committed to the costs associated with school resource
officers; and
WHEREAS, resources collected from the Townships surrounding Janesville in the Rural Fire
Protection Special Account Fund shall be committed to the costs associated with Fire Protection
Services; and
WHEREAS, resources collected in the Landfill Long -term Care of Site 3023 Special Account
shall be committed to the costs associated with the long -term care of landfill site 3023.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Janesville that
the above enumerated commitments of the special revenue funds for specific purposes are hereby
approved and adopted.
ADOPTED: August 22, 2011 Motion by: McDonald
Second by: Liebert
APPROVED: 4 _ Councilmember Aye Nay Pass Absent
Brunner X
Dongarra-Adams X
Eric J. Levi , City i , . Liebert X
McDonald X
ATTEST: Rashkin X
Steeber X
� / L � Voskuil X
Je. Ann Wulf, City Clerk -Treat r
re
APPROVED AS TO FORM:
Wald Klimczyk, City Attorney
Proposed by: Administrative Services : ' _ _ , -
Prepared by Administrative Services " _ •'