Resolution 2011-25 RESOLUTION NO.2011-25(R)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WYLIE,
TEXAS, COMMITTING REVENUE SOURCES THAT CANNOT BE USED
FOR OTHER PURPOSES; AND DESIGNATING CITY MANAGEMENT
STAFF THE AUTHORITY TO ASSIGN PORTIONS OF FUND BALANCE
THAT REFLECTS THE CITY'S INTENDED USE OF RESOURCES.
WHEREAS, generally accepted accounting principles and the Government Accounting
Standards Board require the City Council to formally coxnmit certain revenue sources; and
WHEREAS, generally accepted accounting principles and the Government Accounting
Standards Board require the City Council to formally designate City Management staff the
authority to assign portions of fund balance that reflects the City's intended use of resources.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WYLIE,TEXAS,THAT:
SECTION 1: All matters stated in the preamble of this resolution are true and correct and
aze hereby incorporated into the body of this resolution as if copied in their entirety.
SECTION 2: The City Council of the City of Wylie, Texas, hereby commits the revenue
sources outlined in E�ibit 1 as committed fund balance, and that only further action by the
City Council can remove the commitment.
SECTION 3: The City Council of the City of Wylie, Texas, hereby designates the City
Manager the authority to assign portions of fund balance that reflects the City's intended use
of resources.
SECTION 4. 'This resolution is effective on the date of passage by the City Council.
DULY PASSED AND ADOPTED by the City Council of the City of Wylie, Texas this 27�'
day of September 2011.
Eric Hogue, Ma o
ATTESTED BY:
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Resolution No.2011-25(R)
Commitment of Revenue Sources and Designation of Authority to Assign Portions of Fund Balance
EXHIBIT 1
DEFINITIONS OF FUND BALANCE CATEGORIES
l. Nonspendable fund balance — includes amounts that are not in a spendable form or are
required to be maintained intact. (Ex. Inventories,prepaid items)
2. Restricted fund balance — includes amounts that can be spent only for the specific
purposes stipulated by external resouroe providers either constitutionally or through
enabling legislation. (Ex. 4B Sales Tax Revenue Fund, Hotel Tax Fund, Debt Service
Fund, Capital Projects Funds, Municipal Court Building Security Fund)
3. Committed fund balance — includes amounts that can be used only for the specific
purposes determined by a formal action of the government's highest level of decision-
making authority. Commitments may be changed or lifted only by the government taking
the same formal action that imposed the constraint originally. (Ex. Park Acquisition and
Improvement Fund, Recreation Fund, Fire Training Center Fund, Fire Development Fees
Fund)
4. Assigned fund balance — comprises amounts intended to be used by the government for
specific purposes. Intent can be expressed by the governing body or by an official or
body to which the governing body delegates the authority.
5. Unassigned fund balance — is the residual classification of the general fund and includes
all amounts not contained in other classifications. Unassigned amounts are technically
available for any purpose.
FUNDS TO COMMIT
Park Acquisition and Improvement Fund — fund balance shall be committed for the purpose of
acquisition, development, and improvement of park land within the zone from which the funds
are collected.
Recreation Fund—fund balance shall be committed for the purpose of the operation of the Wylie
Recreation Center which supports general recreation programming for all the citizens of Wylie.
Fire Training Center Fund—fund balance shall be committed for the purpose of offsetting some
costs of the continued expansion and rehabilitation of the fire training facility.
Fire Development Fees Fund — fund balance shall be committed for the purpose of providing a
portion of the capital expenditure money to maintain fire protection service levels caused by
increases in growth and population.
General Fund — fund balance resulting from funds remaining in Public Arts shall be committed
for the purpose of funding the public arts program.