HomeMy WebLinkAbout18496 - RESOLUTIONS - 10/19/1994 RESOLUTION NO. 18496
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR
THE 1994-95 FISCAL YEAR.
WHEREAS Resolution 18409, approving the budget for the fiscal year
1994-95 was adopted on June 15, 1994 ; 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 18409,
adopting the budget for the 1994-95 fiscal year is hereby amended
as follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 345 285 $ 1,652,000
(new loan)
(reschedule of old
Title: loan) ( 419,000)
Golf Course $ 1,233,000
Debt Service
Notes Payable
Purpose: To provide funds for the Fiscal Year 1994-95 Golf Course Expansion
Project debt service, and to reschedule the repayment of the loan approved on
4/20/94 that covered a portion of the Fiscal Year 1993-94 debt service.
Loan from Wastewater Treatment Plant Fund at 47 interest
SECTION 2 . SOURCE for 5 years, with interest only payment option
FUND Activity Account Amount
No.
342 118 $ 1,652,000
(419,000)
$ 1,233,000
Title:
Wastewater Treatment Notes Receivable
Plant
' Adopted this 19th day of October , 1994 .
AYES: Members Kliendienst, Lyons & Mayor Maryanov
NOES: Members Hodges & Reller-Spurgin
ABSENT: None
ATTEST: \ CI 0 M S I CALIFORNIA
t
By'- -,!
ZLR
City Clerk C t P
anager
REVIEWED AND APPROVED i