HomeMy WebLinkAbout17555 - RESOLUTIONS - 6/19/1991 RESOLUTION NO. 17555
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
'Y
No. 841 301
$297,000
Title: CBD Fund Balance
Purpose: To pay for settlement costs in CRA vs. Willard et al. suit.
SECTION 2. SOURCE
Loan from Wastewater Fund, interest at 6% to be repaid from
the tax increment.
FUND ACTIVITY ACCOUNT AMOUNT
No. 342 � 302
$297,000
Title:
Wastewater Fund Retained Earning
r
Adopted this —12th day of ___June, 19 91 .
AYES: Councilmembers Broich, Hodges, Murawski , Neel and Mayor Bono
` NOES: None
ABSENT: None �r
�• ATTEST: CI NY LM SPR S, hFORNIA
City er ty anager
REVIEWED & APPROVED_ —,