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Wykoff council adopts GASB‑54 fund‑balance recommitment; lists committed funds
Summary
The council adopted Resolution 2025-24 to recommit fund balances under GASB Statement No. 54. The resolution lists committed amounts including Revolving Loans ($8,454), Fire ($227,068) and total committed funds of $235,522; the measure passed on a roll‑call vote.
The Wykoff City Council on Dec. 8 adopted Resolution #2025-24 to recommit certain fund balances in accordance with Governmental Accounting Standards Board Statement No. 54.
City Administrator Rebecca Schmidt read the resolution explaining that the council, as the city's highest decision‑making authority, is designating committed fund balance classifications that must be altered only by council resolution. Councilmember Jane Baker moved to adopt the resolution and Councilmember Barb Fate seconded; the roll‑call vote recorded four yes votes with Mayor Ryan Breckenridge absent.
The meeting record includes a committed funds summary listing Revolving Loans at $8,454.00, Fire at $227,068.00, and a combined total of $235,522.00. The minutes also record gambling receipts of $40,000.00 and a listed repair‑to‑station expense of $42,211.00. The resolution notes that once funds are committed they cannot be redirected except by subsequent council action.
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