400.2015 Fund Balance GASB NO. 54 RESOLUTION AUTHORIZING ADOPTION OF FUND BALANCE
POLICY IN ACCORDANCE WITH GASB STATEMENT NO. 54
RESOLUTION NO.: 400, 2015
INTRODUCED BY: Mr. Anthony Metivier
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Brian Clements
WHEREAS, in order to comply with the requirements of Governmental Accounting
Standards Board Statement No. 54, Fund Balance Reporting and Governmental Fund Definitions
(GASB54), the Town of Queensbury wishes to adopt a Fund Balance Policy, and
WHEREAS, the Town Budget Officer has prepared a draft Fund Balance Policy and it is
in form acceptable to Town Counsel, and
WHEREAS, the Town Board wishes to adopt such Fund Balance Policy In Accordance
With GASB Statement No. 54,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby adopts the Fund Balance Policy In
Accordance With GASB Statement No. 54 substantially in the form presented at this meeting, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor
and/or the Town Budget Officer to take any action necessary to effectuate the terms of this
Resolution.
Duly adopted this 16th day of November, 2015, by the following vote:
AYES Mr. Metivier, Mr. Clements, Mr. Irish, Mr. VanNess, Mr. Strough
NOES None
AB SENT : None
2