Item Coversheet

BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT

Item No. 4.L.
For Meeting of: November 1, 2021

ITEM TITLE:Ordinance Creating Custodial Fund 633 and adding Municipal Code Section 3.126 (First Reading)
SUBMITTED BY:

Jennifer Ferrer-Santa Ines, Director of Finance and Budget

Kimberly Domine', Financial Services Manager

SUMMARY EXPLANATION:
The attached Ordinance authorizes the establishment of a “Custodial Fund” to account for the resources that are held by the City of Yakima in a purely custodial capacity. This fiduciary fund will allow for separate accountability of these resources as required by the new GASB Statement 84.
ITEM BUDGETED:NA
STRATEGIC PRIORITY:Public Trust and Accountability
APPROVED FOR SUBMITTAL BY THE CITY MANAGER
RECOMMENDATION:
First Reading
ATTACHMENTS:
DescriptionUpload DateType
Ordinance10/21/2021Ordinance
Memo10/21/2021Cover Memo