HomeMy WebLinkAbout19483 - RESOLUTIONS - 3/17/1999 RESOLUTION NO. 19483
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.
001 12416 $54,500
Title:
Redevelopment Agency
General Fund Loans Receivable
Purpose: New loan to Redevelopment Project Area #9 to cover on-going
administration costs at 6%, effective 4/1/99.
SECTION 2 . SOURCE Project Area #9 Redevelopment Area is concurrently paying
back $72,500 on 1987 and 198E loans.
FUND Activity Account Aanount
No.
809 29301 $54, 500
Title:
Project Area #9 Fund Balance
Capital Project
Adopted this 17th day of Marrh _i 1999 .
AYES: Members Barnes, Hodges, Oden, Reller-Spurgin and Mayor Kleindienst
NOES: None
ABSENT: None
ATTEST: C Y k--PALM I S, CALIFORNIA
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By �� y l
City Clerk `` city Manager
REVIEWED AND APPROVED AS TO FORM24A�l _