HomeMy WebLinkAboutResolution 03-132-CCBOARD OF COUNTY COMMISSIONERS
Grant County, Washington
RESOLUTION IN THE MATTER OF RESOLUTION No. 03 -132 -CC
ESTABLISHING A MINIMUM CURRENT EXPENSE
ENDING FUND BALANCE FOR GRANT COUNTY
WHEREAS, on September 23, 2003, the Board of County Commissioners, adopted
Resolution 2003 -127 -CC; Establishing A Minimum Current Expense Ending Fund Balance For
Grant County; and
WHEREAS, based on further review, including presentation of additional information,
that it would be prudent to repeal Resolution 2003 -127 -CC, Establishing A Minimum Current
Expense Ending Fund Balance For Grant County and, readopt a Grant County policy regarding
the establishment of a minimum current expense ending fund balance for Grant County; and
WHEREAS, the Board of County Commissioners, deem it to be fiscally responsible and
prudent to maintain an ending fund balance in the Grant County Current Expense budget, equal
to the amount of the first three (3) months of the current year expenditures, in the event of
unforeseen circumstances that could adversely affect the budget and Grant County operations.
NOW, THEREFORE, BE IT HEREBY RESOLVED by the Board of County
Commissioners that Resolution 2003 -127 -CC, adopted on September 23, 2003, is hereby
repealed in its entirety and, Be It,
FURTHER RESOLVED, Grant County will commence maintaining an ending fund
balance in the Grant County Current Expense budget, equal to an amount of the first three (3)
months of the budget year expenditures, to be available to address unforeseen circumstances that
could adversely affect the budget and Grant County operations and, Be It,
FURTHER RESOLVED, any excess revenues over expenditures shall be set aside to
increase the ending fund balance year by year until the goal outlined above has been achieved.
DATED this -)941 day of September, 2003.
BOARD OF COUNTY COMMISSIONERS
Yea Nay Abstain GRANT COUNTY, WASHINGTON
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e oy U. Alligon,-MMber
Clerk of the Board
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