Closing the Cumulative Reserve for the Southwest Washington Fair Entertainment Fund No.197 BEFORE THE BOARD OF COMMISSIONERS
FOR LEWIS COUNTY, WASHINGTON
IN THE MATTER OF CLOSING THE CUMULATIVE )
RESERVE FOR THE SOUTHWEST WASHINGTON ) Resolution No. 18- 08 i
FAIR ENTERTAINMENT FUND NO. 197 )
WHEREAS, the Cumulative Reserve for the Southwest Washington Fair
Entertainment Fund No. 197, a Special Revenue Fund, was established by Resolution 89-
228 for the purpose of accumulating funds for fair featured entertainment; and
WHEREAS, the Governmental Accounting Standards Board (GASB) Statement No.
54 sets the criteria for Special Revenue Funds; and,
WHEREAS, the Cumulative Reserve for the Southwest Washington Fair
Entertainment Fund No. 197 has not had any revenue activity since the Fiscal Year 2002
that meets the criteria; and,
WHEREAS, it appears reasonable to close the Cumulative Reserve for the
Southwest Washington Fair Entertainment Fund No. 197 and transfer the residual cash to
the Southwest Washington Fair Fund No. 106;
NOW THEREFORE, it is hereby resolved that the Cumulative Reserve for the
Southwest Washington Fair Entertainment Fund No. 197 shall be closed effective
December 31, 2017 and the residual cash shall be transferred to the Southwest
Washington Fair Fund No. 106.
PASSED IN REGULAR SESSION this 26th day of February 2018.
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ATTEST: s o`t�' - o-\sr• BOARD OF COMMISSIONERS
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Rieva Lester, Clerk of the ISo con-rs q' E.'a J. Fund," i
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APPROVED ' : O FORM: i'
Jonath. ' . -y- , Prosecuting Attorney Robert C. Jackson, Vice Chair
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`Ail Gary Stamper, Commissioner
By: De■ ty ''rosecuting Attorney
BOCC AGENDA ITEM SUMMARY m E�
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Resolution: BOCC Meeting Date: Feb 26, 2018
Suggested Wording for Agenda Item: Agenda Type: Consent
Closing the Cumulative Reserve for the Southwest Washington Fair Entertainment Fund No. 197.
Contact Suzette Smith Phone: X1339
Department: Auditor
Action Needed: Approve Resolution
Description
The Cumulative Reserve for the Southwest Washington Fair Entertainment Fund No. 197, a Special Revenue
Fund,was established by Resolution 89-228 for the purpose of accumulating funds for fair featured
entertainment.
The Governmental Accounting Standards Board(GASB) Statement No. 54 sets the criteria for Special Revenue
Funds. Fund No. 197,not having any revenue since 2002 that meets the criteria in the statement, should be
closed.
The residual cash should be transferred to the Southwest Washington Fair Fund No. 106.
Approvals:
User Group Status
Carter, Glenn Pending
Cover Letter To
Suzette Smith
Additional Copies
Becky Butler
Steve Walton
Tamara Hayes