ADOPTED - OCTOBER 13, 2009
Agenda Item No. 21
Introduced by the County Services and Finance Committees of the:
INGHAM COUNTY BOARD OF COMMISSIONERS
RESOLUTION CHANGING THE FISCAL YEAR FOR THE
INGHAM COUNTY FAIR FUND AND EXTENDING THE FISCAL
YEAR FOR 2008-09
RESOLUTION #09-329
WHEREAS, the fiscal years for Ingham County and the Ingham County Fair Fund are different which creates problems with reporting, budgeting and auditing purposes between the County and the Fair; and
WHEREAS, the State of Michigan requires that Fair activity be reported for the period November 1 to October 31 which led to the fiscal year difference; and
WHEREAS, the County’s Financial Services Department now has the ability of reporting the information for this period without having the fiscal year restrictions; and
WHEREAS, the State of Michigan is supportive of changing the Ingham County Fair Fund’s fiscal year end from October 31 to December 31, which is consistent with most other County Funds; and
WHEREAS, the addition of the two months’ activity should be cost neutral to the financial activity of the Fund.
THEREFORE BE IT RESOLVED, that the Ingham County Board of Commissioners hereby changes the fiscal year for the Ingham County Fair Fund to the period January 1 to December 31 to be consistent with the fiscal year of Ingham County.
BE IT FURTHER RESOLVED, the fiscal year for the 2008-09 Ingham County Fair Fund is hereby extended two months ending on December 31, 2009, with the next fiscal year beginning on January 1, 2010.
BE IT FURTHER RESOLVED, that the Controller/Administrator is authorized to make budget adjustments and transfers consistent with this resolution.
COUNTY SERVICES: Yeas: Celentino, Koenig, Holman, Copedge, Grebner, Vickers
Nays: None Absent: None Approved 10/6/09
FINANCE: Yeas: Grebner, Bahar-Cook, Davis, Dougan
Nays: None Absent: Nolan, Tennis Approved 10/7/09