HomeMy WebLinkAbout5/3/2000 - STAFF REPORTS (23) DATE: May 3, 2000
TO: City Council
FROM: Assistant City Manager-Special Projects
PAVIUON PARKING LOT FUNDING-BUDGET AMENDMENT
RECOMMENDATION:
It is recommended that City Council approve a budget amendment allocating
$100,000 of previous year surplus funds to the construction of the Pavilion Parldng
Lot
BACKGROUND:
During the City Council first quarter budget update, the existence of a $600,000
surplus from the previous fiscal year was discussed. City Council discussed a series
of uses with one being $100,000 additional funding for the Pavilion Parking Lot
Direction was given at that meeting for the use of the funds. This item is follow-up to
actually appropriate the dollars. Attached for City Council consideration is a budget
amendment placing the$100.000 in the Pavilion Lot Construction account.
auw I
LEN F. MO T,AAE THOMAS M. KANA R
Assistant City "ager-Spo"dal
ojects Finance Director&Treasurer
APPROVED
City Manager
ATTACHM h
Budget Amendment
RESOLUTION NO.
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA,AMENDING THE BUDGET FOR
THE 1999-00 FISCAL YEAR.
WHEREAS Resolution 19541 approving the budget for the fiscal year 1999-00 was
adopted on June 16, 1999; and
WHEREAS the City Manager has recommended,and the City Council desires to approve,
certain amendments to said budget;
NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record
Inter-fund cash transfers as required In accordance with this Resolution, and that
Resolution 19541,adopting the budget for the 1999-00 fiscal year Is hereby amended as
follows.
SECTION I. ADDITIONS
FUND Activity Account Amount
No. 261 2493 51509 $100,000
Title: Capital Park Improvements Parking Lot
Projects Reconstruction-
Sunrise Park
Purpose: To provide funding for the balance of the reconstruction of the Sunrise Park
parking lot Total cost of the project is$402,500.
SECTION 2. SOURCE
The General Fund surplus for FY 98-99 of approximately$600,000 became part of Fund
Balance.
FUND Activity Account Amount
No. 001 29301 $100,000 73
Title: General Fund Fund Balance
Resolution No.
Page 2
Adopted this day of . 2000.
AYES:
NOES:
ABSENT:
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
BY
City Clerk City Manager
REVIEWED AND APPROVED AS TO FORM