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REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Agenda Date Requested: September 23, 2013 <br />Requested By: Michael G. Dolby, Director of Finance <br />Department: FINANCE <br />Report: Resolution: XXX Ordinance: <br />Exhibits: <br />Exhibits: <br />GASB 54 has a requirement that must be completed prior to the end of the fiscal year to commit fund balance of <br />the General Fund. The General Fund fund balance can only be committed for a specific purpose by formal action <br />of the City council. Committed fund balance does not lapse at year-end.. The formal action required to commit <br />fund balance shall be by resolution. <br />A recommendation has been made to commit $1,500,000 for Health insurance and $2,000,000 for Utility capital <br />projects. <br />Action Required by Council: <br />Approved for City Council Agenda <br />Corby Alexander, City Manager <br />Date <br />