HomeMy WebLinkAbout17168 - RESOLUTIONS - 6/20/1990 RESOLUTION NO. 17168
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, APPROVING THE RESERVATION OF
UNAPPROPRIATED FUND BALANCES IN VARIOUS CITY
OPERATING AND CAPITAL PROJECTS FUNDS FOR THE
FISCAL YEAR ENDING JUNE 30, 1990.
WHEREAS the City of Palm Springs has unappropriated fund balances
in various Operating and Capital Projects Funds; and
WHEREAS the City of Palm Springs will require the funds composing
these unappropriated fund balances for future operations or
projects; and
WHEREAS the City Council of the City of Palm Springs desires
to reserve these funds for future use,
NOW THEREFORE BE IT RESOLVED that the City Council of the City
of Palm Springs hereby authorizes the Finance Director to
appropriate from unappropriated fund balances, as of June 30,
1990, funds for the following reserves indicated, provided the
appropriations do not result in the City exceeding its
appropriation limit of $32,625,021 .
FUND RESERVES
' General Reserve for Contingencies, $11 ,000,000
Reserve for Capital Projects., remainder
Community Promotion Reserve for Capital Projects,
Libraries and Parks
C.R.A. Administration Reserve for Redevelopment Administration
Special Gas Tax Reserve for Capital Projects
Capital Projects Reserve for Capital Projects
Drainage Reserve for Capital Projects
ADOPTED this 20th day of June , 1990.
AYES: Councilmembers Broich, Hodges, Murawski , Neel and Mayor Bono
NOES: None
ABSENT: None
ATTEST CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk %-,f City Manager
REVIEWED APPROVED