HomeMy WebLinkAbout17888 - RESOLUTIONS - 6/17/1992 RESOLUTION NO. 17888
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, APPROVING THE RESERVATION OF +
UNAPPROPRIATED FUND BALANCES IN VARIOU'S CITY
OPERATING AND CAPITAL PROJECTS FUNDS If OR THE
FISCAL YEAR ENDING JUNE 30, 1992.
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,
1992, funds for the following reserves indicated, provided the
appropriations do not: result in the City exceeding its
appropriation limit of $48,535,882.
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
Drainaqe Reserve for Capital Projects JI
ADOPTED this 17th day of _June 1992.
AYES: Councilmembers Hodges, Lyons, Schlendorf and Mayor Maryanov
NOES: None
ABSENT. Councilmember Reller ll
ATTEST CIT M SP dGS, CALIFORNIA
By
City Clerk City Ma ager
REVIEWED & APPROVED .
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