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REQUEST FOR CITY COUNCIL AGENDA ITEMREQUEST FOR CITY COUNCIL AGENDA ITEM <br />September 28, September 28, AppropriationAppropriation <br />Agenda Date Requested:Agenda Date Requested: <br />20152015 <br />N/AN/A <br />Source of Funds:Source of Funds: <br />M. DolbyM. Dolby <br />Requested By:Requested By: <br />N/AN/A <br />Account Number:Account Number: <br />FinanceFinance <br />Department:Department: <br />N/AN/A <br />Amount Budgeted:Amount Budgeted: <br />Report:Resolution:Resolution:Ordinance:Ordinance: <br />N/AN/A <br />Amount Requested:Amount Requested: <br />Other: <br />Budgeted Item:Budgeted Item:YESYESNONO <br />AttachmentsAttachments : : <br />1. Resolution Resolution <br />SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS <br />GASB 54 requires that the City commit fund balance of the General Fund prior to the end of the fiscal GASB 54 requires that the City commit fund balance of the General Fund prior to <br /> the end of the fiscal <br />year. The General Fund fund balance can only be committed for a specific purpose by formal action of year. The General Fund fund balance can only be committed for a specific purpose <br /> by formal action of <br />the City council. Committed fund balance does not lapse at yearthe City council. Committed fund balance does not lapse at year--end.  The formal action required to end.  The formal action <br /> required to <br />commit fund balance shall be by resolution. The $5,000,000 committed in fiscal year 2014 for utility commit fund balance shall be by resolution. The $5,000,000 committed in fiscal year <br /> 2014 for utility <br />improvements will remain committed and will be used in the 2015improvements will remain committed and will be used in the 2015--2016 budget. Two million dollars will 2016 budget. Two <br /> million dollars will <br />be committed as of September 30, 2015 from the General Fund for Health Insurancebe committed as of September 30, 2015 from the General Fund for Health Insurance <br />The total committed funds as of September 30, 2015 will be $2,000,000.The total committed funds as of September 30, 2015 will be $2,000,000. <br />                                  <br />                                              Health Insurance                                 $2,000,000                                              Health Insurance                                 <br /> $2,000,000 <br />Action Required of Council:Action Required of Council: <br />Consider approval or other action of a resolution to commit General Fund fund balance in an amount of Consider approval or other action of a resolution to commit General Fund fund balance <br /> in an amount of <br />$2,000,000 for Health Insurance.$2,000,000 for Health Insurance. <br />Approved for City Council AgendaApproved for City Council Agenda <br />Corby D. Alexander, City ManagerCorby D. Alexander, City ManagerDateDate <br /> <br />