County of Santa Barbara - File #: 02-00607

• File #: 02-00607
• Version: 2
• Type: Agenda Item
• Status: Passed
• File created: 6/7/2002
• In control: BOARD OF SUPERVISORS
• On agenda: 6/25/2002
• Final action: 6/25/2002
• Title: HEARING - Consider recommendations regarding Financial Reporting Policies, as follows: (EST. TIME: 30 MIN.) a) Accept the Fiscal Year 2000-2001 Pro-forma Comprehensive Annual Financial Report (CAFR) prepared under Government Accounting Standards Board (GASB) Statement No. 34 guidelines and financial reporting format; b) Approve the Financial Reporting Policies and the Capital Asset Policy and Guidelines necessary to implement GASB Statement No. 34; c) Provide direction to the Auditor-Controller regarding the transfer of resources generated by the required reversal of the compensated absences short-term liability to the workers' compensation self-insurance fund. COUNTY ADMINISTRATOR'S RECOMMENDATION: POLICY
• Sponsors: AUDITOR-CONTROLLER'S OFFICE

Date	Action By	Action	Result
6/25/2002	BOARD OF SUPERVISORS	Acted on as follows:	Pass
6/18/2002	BOARD OF SUPERVISORS	Set for a hearing, as follows:	Pass

Title

HEARING - Consider recommendations regarding Financial Reporting Policies, as follows:  (EST. TIME: 30 MIN.)

a)      Accept the Fiscal Year 2000-2001 Pro-forma Comprehensive Annual Financial Report (CAFR) prepared under Government Accounting Standards Board (GASB) Statement No. 34 guidelines and financial reporting format;

b)      Approve the Financial Reporting Policies and the Capital Asset Policy and Guidelines necessary to implement GASB Statement No. 34;

c)      Provide direction to the Auditor-Controller regarding the transfer of resources generated by the required reversal of the compensated absences short-term liability to the workers' compensation self-insurance fund.

COUNTY ADMINISTRATOR'S RECOMMENDATION: POLICY

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