HomeMy WebLinkAboutReso 2022-131 DocuSign Envelope ID: 1EFCDFFD-686C-4F9B-A6E3-C7CF95B4329A
RESOLUTION NO. 2022-131
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA ADOPTING THE REVISED FISCAL POLICY
WHEREAS, the Governmental Accounting Standards Board (GASB) issued Statement
No. 31 in 1997; and
WHEREAS, Statement No. 31 requires governmental entities to report fair market value
of all investments in the balance sheet or other statements of financial position; and
WHEREAS, the City of Chula Vista is in compliance with the financial statement
requirement; and
WHEREAS, staff is recommending that Fiscal Policy 100-01 be updated to exclude
unrealized gains or losses from the operating budget; and
WHEREAS, the City will continue to include these transactions within the financial
statements.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista,
that it hereby adopts updated Fiscal Policy 100-01.
[SIGNATURES ON THE FOLLOWING PAGE]
DocuSign Envelope ID: 1EFCDFFD-686C-4F9B-A6E3-C7CF95B4329A
Resolution No. 2022-131
Page No. 2
Presented by Approved as to form by
DocuSigned by: DocuSigned by:
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Sarah Schoen Glen R. Googins
Director of Finance/Treasurer City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 24th day of May 2022 by the following vote:
AYES: Councilmembers: Cardenas,Galvez,McCann,Padilla, and Casillas Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
DocuSigned by: �/f
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Mary Casillas Salas, Mayor
ATTEST:
DocuS�igned by:
3074D104EAF342E...
Kerry K. Bigelow, MMC, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2022-131 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 24th day of May 2022.
Executed this 24th day of May 2022.
DocuSigned by:
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30746104EAF342E...
Kerry K. Bigelow, MMC, City Clerk