HomeMy WebLinkAbout19485 - RESOLUTIONS - 3/17/1999 RESOLUTION NO. 19485
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. 847 8287 49625 $50,000
Title:
Highland-Gateway Highland-Gateway City Loan
Debt Service Principal
Purpose: Pay back June 1997 loan from General Fund at 6%, effective 4/1/99
SECTION 2 . SOURCE Surplus funds from Tax Increment have accumulated in Fund
Balance
FUND Activity Account Amount
No. 001 12416 $50,000
Title:
Redevelopment Agency
General Fund Loans Receivable
Adopted this 17th day of March 1999.
AYES: Members Barnes, Hodges, Oden, Reller-Spurgin and Mayor Kleindienst
NOES: None -------- .�
ABSENT: None
ATTEST CIT 0 SP NG , �ALIFORNIA '
City Clerk City M nager
REVIEWED AND APPROVED AS TO FORM�}�_
� g �