Legal Documents of Adams

Code of Adams

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 7 Fund Balance Policy » § 5-703 Responsibility.
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Title 5
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Title 5, Chapter 1
5-101
§ 5-101
Adams
Title 5 : Municipal Finance and Taxation
Chapter 7 : Fund Balance Policy

5-703 : Responsibility.

  1. Nonspendable funds are those funds that cannot be spent because they are either:
    1. Not in spendable form (e.g., inventories and prepaids); or
    2. Legally or contractually required to be maintained intact.
  2. It is the responsibility of the city recorder to report all nonspendable funds appropriately in the city's financial statements.
  3. Restricted funds are those funds that have constraints placed on their use either:
    1. Externally by creditors, grantors, contributors, or laws or regulations or other governments; or
    2. By law through constitutional provisions or enabling legislation.
  4. It is the responsibility of the city recorder to report all restricted funds appropriately in the city's financial statements. All restricted funds must also be reported to the city's governing body within two (2) months of the end of the fiscal year. (Ord. #2017-010, March 2017)
Date Last Updated: 05/01/2020
Codification Date: 05/01/2020

Officials at Date of Last Codification:

Mayor - Mary Mantooth

Vice Mayor - Wayne Evans

Commissioner - Donna Boisseau

Recorder - Anna Luke

City Attorney - Jody Dorris

Date Last Updated: 05/01/2020
Codification Date: 05/01/2020

Officials at Date of Last Codification:

Mayor - Mary Mantooth

Vice Mayor - Wayne Evans

Commissioner - Donna Boisseau

Recorder - Anna Luke

City Attorney - Jody Dorris