|
|
|
|
|
|
|
|
|
Meeting Date:
|
6/28/2011 - 7:30 PM
|
|
Category:
|
Consent Agenda
|
|
Type:
|
Action
|
|
Subject:
|
9.21 (Item #22)Update Board Policy 3100 to reflect fund balance changes required by GASB Statement #54.
|
|
LCAP (Local Control Accountability Plan) Goal:
|
|
|
Enclosure
|
Updated Board Policy 3100.
|
|
File Attachment:
|
|
|
Summary:
|
The Governmental Accounting Standards Board (GASB) issued Statement 54 effective for the closing of the books for the 2010/2011 fiscal year.
The statement changes the way districts report fund balances, replacing the term fund balance designations with committed fund balance and assigned fund balances.
GASB 54 requires the Board to establish adjustments to board policy related to fund balances.
Board Policy 3100 is brought forward to implement these changes.
|
|
Funding:
|
N/A
|
|
Fiscal Impact
:
|
N/A
|
|
Recommendation:
|
Revise Board Policy 3100 as presented.
|
|
Approvals:
|
|
Recommended By:
|
|
Signed By:
|
|
|
Bryan Richards - Chief Financial Officer
|
|
|
Signed By:
|
|
|
Steven Lawrence - Superintendent
|
|
|
|
|
|
|
|
|