HomeMy WebLinkAbout18844 - RESOLUTIONS - 6/19/1996 RESOLUTION NO. 18844
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALI:FORNIA, APPROVING THE RESERVATION
OF UNAPPROPRIATED FUND BALANCES IN VARIOUS ,
CITY OPERATING AND CAPITAL PROJECTS FUNDS FOR
THE FISCAL YEAR ENDING JUNE 30, 1996 .
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, 1996, funds for
the following reserves indicated, provided the appropriations do
not result in the City exceeding its appropriation limit of
$57 , 026, 734 .
Fund Reserves
General Reserve for Contingencies, $1, 000, 000
Reserve for Capital Projects, remainder '
Community Promotion Reserve for Capital Projects, Libraries
and Parks
Special Gas Tax Reserve for Capital Projects
Capital Projects Reserve for Capital Projects
Drainage Reserve for Capital Projects
ADOPTED this 19th day of June , 1996 .
AYES: Members Barnes, Hodges, Oden, Spurgin and Mayor Kleindiensi:
NOES: None
ABSENT: None
ATTEST CITY OF PAT,M GS,�AL1$bR]VIA
Bye
City Cleric ai y ]Kan er
REVIEWED & APPROVED N44J.