HomeMy WebLinkAbout17593 - RESOLUTIONS - 7/17/1991 RESOLUTION NO. 17593
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, 1991 .
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 1
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, . .
1991 , funds for the following reserves indicated, provided the
appropriations do not result in the City exceeding its
appropriation limit of $46,624,286. ,
FUND RESERVES
General Reserve for Contingencies, $1 „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 17th day of July , 1991 .
AYES: Councilmembers Hodges, Murawski , Neel and Mayor pro tem Broich
None
ABSENT: Mayor Bono
ATTEST I1'Y — LPQ F" IR NGS, �I�ORNIA
By,
City "Clerk ityy 4Maner
REVIEWED & APPROVED ���_�