2011-155s:llegal\our documentslordinances111�recreation fund proposed ordinance.doc
ORDINANCE NO. 2011-15 S
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS,
DEFINING THE SCOPE, FUNDING SOURCE AND PURPOSE OF THE RECREATION
FUND; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, the City Council of the City of Denton elects to define the scope, funding
source and purpose of the Recreation Fund in conjunction with its financial statements beginning
with fiscal year ending September 30, 2011; and
WHEREAS, the Governmental Accounting Standards Board ("GASB") has adopted
Statement 54, which states that Special Revenue Funds are used to account for and report the
proceeds of specific revenue sources that are restricted or committed to expenditures for
specified purposes other than debt service or capital projects; and
WHEREAS, the City Council of the City of Denton elects to commit recreational
prograrn revenues/fees and other related revenues that are charged to recover the costs associated
with the recreational programs they support; and
WHEREAS, the City Council of the City of Denton elects to commit the unassigned fund
balance contained in the Recreation Fund for recreational programs for the fiscal year ending
September 30, 2011; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The City Council hereby defines the scope, funding source and purpose of
the Recreation Fund, an official fund of the City of Denton, Texas.
SECTION 2. That if any section, subsection, paragraph, sentence, clause, phrase or word
in this ordinance, or application thereof to any person or circumstances is held invalid by any
court of competent jurisdiction, such holding shall not affect the validity of the remaining
portions of this ordinance, and the City Council of the City of Denton, Texas hereby declares it
would have enacted such remaining portions despite any such validity.
SECTION 3. This Ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the � day of , 2011.
s:llegallour documentslordinances\111recreation fund proposed ordinance.doc
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
AP VED A TO LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY: ..-� %''i� �� %
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