HomeMy WebLinkAbout19482 - RESOLUTIONS - 3/17/1999 RESOLUTION NO. 19482
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR
THE 1998-99 FISCAL YEAR.
WHEREAS Resolution 19268, approving the budget for the fiscal year
1998-99 was adopted on June 3 , 1998 ; 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 19268,
adopting the budget for the 1998-99 fiscal year is hereby amended
as follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 849 8289 49625 $72,500
Title: City-wide Project Area #9 City Loan
Project Area #9 Principal
Debt Service
Purpose: Pay back $35,000 loan from September, 1988 and $37,500 loan from
October 1987 both at 9%, effective 4/1/99.
SECTION 2 . SOURCE Surplus funds from Tax Increment have accumulated in
Fund Balance.
FUND Activity Account Amount
No. 001 12416 $72,500
Title:
General Fund Redevelopment Agency
Loans Receivable
Adopted this 17th day of March 1 1999.
AYES: Members Barnes, Hodges, Oden, Reller-Spurgin and Mayor Kleindienst
NOES: None
ABSENT: None
ATTEST,: CIT _P M SPR `�CALIFORNIA
ByC2�
City Clerk City M nager
REVIEWED AND APPROVED AS TO FORM_4W
1 ��