Regular City Council Meeting


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  Item No. 21.       
Meeting Date: 03/14/2019  
COMMITTEE: Finance  
CONTACT: Monica Garcia CHAIR: Caleb Grant

ACTION REQUESTED:
Resolution 19-25 - Consider approval of Resolution 19-25 adopting and approving a new fund for Intergovernmental Grants previously reported in the General Fund. (Garcia/Grant).
BACKGROUND:
Department of Finance (DFA) is requiring municipalities to exclude intergovernmental grants that have restricted uses as part of the General Fund. The grants must be recorded in a separate fund. This is a housekeeping item to align with DFA’s rules and regulations
FINANCIAL CONSIDERATION
Not Applicable
LEGAL REVIEW:
Not Applicable
BOARD AND COMMITTEE ACTION:
The Finance Committee recommended approval (4-0) at their meeting on March 7,2019.
STAFF RECOMMENDATION:
Approval of Resolution 19-25
Attachments
ATT 1 - Resolution 19-25


    

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