HomeMy WebLinkAbout25134RESOLUTION NO. 25134
' A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, ADOPTING A GENERAL
FUND RESERVE POLICY
WHEREAS, the City Council of the City of Palm Springs desires to establish a
General Fund Reserve Policy; and
WHEREAS, the City Council finds the General Fund Reserve Policy is consistent
with the best practices as cited by the Government Finance Officers Association for
Municipalities; and
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 1. That the foregoing Recitals are true and correct and are incorporated
herein by this reference.
SECTION 2. The City of Palm Springs General Fund Reserve policy, incorporated
herein by reference, is hereby adopted.
IADOPTED THIS 29TH DAY OF JUNE 2023.
Scott C. Stiles, City Manager
ATTEST:
Brenda Pree, City Clerk
Resolution No. 25134
Page 2
CERTIFICATION ,
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE) ss.
CITY OF PALM SPRINGS)
I, BRENDA PREE, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 25134 is a full, true and correct copy, and was duly adopted at a regular
meeting of the City Council of the City of Palm Springs on June 29, 2023, by the following
vote:
AYES: Councilmember Middleton; Mayor Pro Tern Bernstein; and Mayor Garner
NOES: Councilmembers deHarte, Holstege
ABSENT: None
RECUSED: None
IN WITNESS WHEREOF, I have hereunto
_�et my hand and affixed the official seal of the
City of Palm Springs, California, this day of July 2023.
,zx(`r —
Brenda Pree, MMC, GERA, City Clerk '
City of Palm Springs, California