HomeMy WebLinkAboutResolution 2011-51 GASB 54 RESOLUTION NO. 2011-51
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
WINTER SPRINGS, FLORIDA, FORMALLY ACKNOWLEDGING
AND ESTABLISHING, PURSUANT TO GASB 54, THE SOLID
WASTE FUND AND THE ARBOR FUND AS SPECIAL REVENUE
FUNDS FOR THE CITY OF WINTER SPRINGS; PROVIDING FOR
SEVERABILITY; PROVIDING FOR REPEAL OF PRIOR
INCONSISTENT RESOLUTIONS; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the City Commission of Winter Springs desires to comply with the
Government Accounting Standards Board Statement No. 54 Fund Balance Reporting and
Governmental Fund Type Definitions; and
WHEREAS, the City Commission of Winter Springs deems that this Resolution
is in the best interest of the public health, safety, and welfare of the citizens of Winter
Springs.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
OF THE CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA, AS
FOLLOWS:
Section 1. Incorporation of Recitals. The foregoing recitals are deemed true and
correct and are hereby fully incorporated by this reference.
Section 2. Solid Waste Fund. The Winter Springs City Commission hereby
formally establishes a Solid Waste Fund as a Special Revenue Fund, which shall combine
and be comprised of the existing solid waste, storm reserve (casus fortuitus) and disaster
recovery funds.
Section 3. Establishment of Arbor Fund. The Winter Springs City Commission
hereby formally acknowledges and establishes the Arbor Fund as a Special Revenue
Fund.
Section 4. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts
of resolutions in conflict herewith are hereby repealed to the extent of the conflict.
Section 5. Severability. If any section, subsection, sentence, clause, phrase, word, or
portion of this Resolution is for any reason held invalid or unconstitutional by any court
of competent jurisdiction, such portion shall be deemed a separate, distinct and
independent provision and such holding shall not affect the validity of the remaining
portion hereto.
Section 6. Effective Date. This Resolution shall become effective immediately upon
adoption by the City Commission of the City of Winter Springs, Florida.
City of Winter Springs, Florida
Resolution 2011 -51
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RESOLVED by the City Commission of the City of Winter Springs, Florida, in a
public meeting assembled on this 26 day of September 2011.
Ch "' : s Lacey, rt' or
Al'1EST: r
Andrea ir' aces, City Clerk
Approved legal form and sufficiency for
The Ci ter Springs only:
Anthony A. Garganese, City Attorney
City of Winter Springs, Florida
Resolution 2011 -51
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