HomeMy WebLinkAbout19333 - RESOLUTIONS - 7/15/1998 RESOLUTION NO. 19333
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, 1998 .
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, 1998, funds for
the following reserves indicated, provided the appropriations do
not result in the City exceeding its appropriation limit of
$63, 732 , 957 .
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 15th day of July , 1998 .
AYES: Members Barnes, Hodges, Oden, Reller-Spurgin and Mayor Kleindienst
NOES: None
ABSENT: None
ATTEST CITY PA I SPRING ALI ORNIA
7 By �c
-City Clerk Ci y Ma lager
3
REVIEWED & APPROVED /��