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A RESOLUTION OF THE CITY OF ROCHESTER, MINNESOTA
GRANTING AUTHORITY TO ASSIGN FUND BALANCE
WHEREAS, the Governmental Accounting Standards Board's Statement #54 definition
of assigned fund balance describes that portion of fund balance that represents resources
whose intended use is established and constrained by limitations that the government
imposes upon itself or by an official to which the governing body delegates the authority to;
and,
WHEREAS, City Council action is required to formalize the ability to assign fund
balance for a specific purpose; and,
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Rochester that, effective December 31, 2011, the City Administrator and / or the Director of
Finance of the City of Rochester, Minnesota is authorized to assign fund balance and that City
Fund Balance Policies are hereby directed to be amended to reflect this change.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS D.A'V-.�, F 2011.
;(ES:::I�-DENT OF SAID COMMON COUNCIL
ATTEST:
CITY CLERK
APPROVED THIS ZD DAY OF 2011.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Resl MesoluAssignFundBalance
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