HomeMy WebLinkAboutItem #11 - First Reading OrdinanceJ-00-770
9/22/00
ORDINANCE NO.
AN ORDINANCE OF THE MIAMI CITY COMMISSION
AMENDING CHAPTER 2/ARTICLE XI OF THE CODE OF
THE CITY OF MIAMI, FLORIDA, AS AMENDED,
ENTITLED "ADMINISTRATION/BOARDS, COMMITTEES,
COMMISSIONS" TO REQUIRE THAT THE CITY COMPLY
WITH GUIDELINES AND REQUIREMENTS ISSUED BY
THE GOVERNMENT ACCOUNTING STANDARDS BOARD
("GASB") AND NOT THE MUNICIPAL FINANCE
OFFICERS' ASSOCIATION ("MFOA"), WHICH
GUIDELINES AND REQUIREMENTS ARE NO LONGER
APPLICABLE; MORE PARTICULARLY BY AMENDING
SECTION 2-946 OF SAID CODE; CONTAINING A
REPEALER PROVISION, A SEVERABILITY CLAUSE,
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, provisions contained in Section 2-946 of the Code
of the City of Miami, Florida, as amended (the "Code"), require
the City of Miami to comply with the Municipal Finance Officers'
Association ("MFOA") guidelines and requirements for its
accounting standards; and
WHEREAS, MFOA's guidelines �,ka requirements are no longer
applicable as acceptable gpvEjrnyjij al accounting standards; and
WHEREAS, KPMG, theits external auditor, perform its
I "
audits and accounkndards
p 'nciples in accordance with the
Government Auditir issued by the Government Accounting
Standards Board"GA and
WEREAS, it is necessary to amend the Code to require the
City'
e with the GASB standards;