HomeMy WebLinkAbout17417 - RESOLUTIONS - 2/6/1991 RESOLUTION NO. 17417
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS ,
CALIFORNIA, AMENDING THE BUDGET FOR THE 1990-91
FISCAL YEAR.
WHEREAS Resolution 17193 approving the budget for the fiscal year
1990-91 was adopted on July 11 , 1990 ; 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 17193, adopting the budget for
the 1990-91 fiscal year is hereby amended as follows :
SECTION 1 . ADDITIONS
FUND ACTIVITY ACCOUNT AMOUNT
No. 365 0904 4494 $300,000
Title:
Risk Management Liability Liability
Insurance Reserve
Purpose: Fund for continued handling of new and outstanding claims
and litigation for F/Y 1990/91 ,
r
r
SECTION 2. SOURCE
The Reserve for Liability Claims as of July 1 , 1990 was
$2,011 ,582
• FUND ACTIVITY ACCOUNT AMOUNT
No. 365 346 $300,000
Title:
Risk Management Reserve For
Liability Claims
r
Adopted this 6th day of February 19 91 ,
AYES: Councilmembers Broich, Hdoges, Murawski , Neel , and Mayor Bono
' NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
City Clerk ,; City Manager
REVIEWED & APPROVED
17b