File #: 10-01016    Version:
Type: Agenda Item Status: Withdrawn
File created: In control: BOARD OF SUPERVISORS
On agenda: 12/7/2010 Final action: 12/7/2010
Title: HEARING - Consider recommendations regarding GASB 54 Fund Balance Reporting and Fund Balance Policy, as follows: (EST. TIME: 1 HR.) a) Reaffirm that the County of Santa Barbara’s Special Revenue Funds comply with GASB 54, with the potential exception of County Service Area 32 and the Santa Barbara County Fire Protection District; b) Take under consideration the recommended changes related to County Service Area 32 and the Santa Barbara County Fire Protection District for final adoption on January 11, 2011; c) Authorize the Auditor-Controller to reclassify existing reserve and designation accounts into the new classifications required by Governmental Accounting Standards Board Statement No. 54 (GASB 54) retroactive to July 1, 2010; and d) Consider for review a draft of the Santa Barbara County Fund Balance Policy for final adoption on January 11, 2011. COUNTY EXECUTIVE OFFICER’S RECOMMENDATION: WITHDRAW
Sponsors: AUDITOR-CONTROLLER'S OFFICE
Attachments: 1. Board Letter, 2. Request for Withdrawal 12/7/10

Title

HEARING - Consider recommendations regarding GASB 54 Fund Balance Reporting and Fund Balance Policy, as follows: (EST. TIME: 1 HR.)

 

a) Reaffirm that the County of Santa Barbara’s Special Revenue Funds comply with GASB 54, with the potential exception of County Service Area 32 and the Santa Barbara County Fire Protection District;

 

b) Take under consideration the recommended changes related to County Service Area 32 and the Santa Barbara County Fire Protection District for final adoption on January 11, 2011;

 

c) Authorize the Auditor-Controller to reclassify existing reserve and designation accounts into the new classifications required by Governmental Accounting Standards Board Statement No. 54 (GASB 54) retroactive to July 1, 2010; and

 

d) Consider for review a draft of the Santa Barbara County Fund Balance Policy for final adoption on January 11, 2011.

 

COUNTY EXECUTIVE OFFICER’S RECOMMENDATION: WITHDRAW