HomeMy WebLinkAbout18235 - RESOLUTIONS - 11/23/1993 RESOLUTION NO. 18235
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR
THE 1993-94 FISCAL YEAR.
WHEREAS Resolution 18129, approving the budget for the fiscal year
1993-94 was adopted on June 23, 1993; 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
R authorized to record inter-fund cash transfers as required in
accordance with this Resolution, and that Resolution 18129,
adopting the budget for the 1993-94 fiscal year is hereby amended
as follows:
SECTION 1. ADDITIONS
FUND ACTIVITY ACCOUNT AMOUNT
No. ill Fund Balance (appropriated) 301 85 . 000
Title:
General Reserve for. ontingencieq 349 1 , 415, 000
' To allocate additional revenue anticipated from adoption
Purpose: of Teeter Plan method of allocating property tax revenue.
SECTION 2. SOURCE Increase in revenue estimates.
FUND ACTIVITY ACCOUNT AMOUNT
No. 111 3101 Current year
Title: taxes secured 828 . 000
3105 Prior year
General taxes secured 672 , 000
Adopted this 23 day of November 1993
AYES: Councilmembers Hodges, Lyons, Schlendorf & Mayor Maryanov
NOES: None
ABSENT: Councilmember Reller-Spurgin
ATTEST: C Y LM RI CALIFORNIA
By
' City Clerk C er
REVIEWED AND APPROVED