Acceptance of August 31, 2026 Designated Fund Balance Resolution Description: The Government Accounting Standards Board (GASB) released Statement 54 - "fund Balance Reporting and Governmental Fund Type Definitions" on March 11, 2009. The new statement is intended to improve the usefulness of the amount reported in fund balance by providing more structured classification. The attached resolution wi

Staff Report & Agenda Item Details

8. Acceptance of August 31, 2026 Designated Fund Balance Resolution Description: The Government Accounting Standards Board (GASB) released Statement 54 - "fund Balance Reporting and Governmental Fund Type Definitions" on March 11, 2009. The new statement is intended to improve the usefulness of the amount reported in fund balance by providing more structured classification. The attached resolution will meet these continued requirements for fund balance reporting. Fund Balance is designated for an Insurance Deductible in the event of a catastrophic occurrence, any major capital construction item, and 100% of Interest and Sinking fund balance for repayment of bonded debt. SUGGESTED MOTION: "I move that the Board approve the resolution committing fund balances in accordance with GASB 54 requirements" Attachments: ( 1 ) fund_balance_resolution 8/18/2026 at 1:14 PM

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.4/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.