HomeMy WebLinkAbout19486 - RESOLUTIONS - 3/17/1999 RESOLUTION NO. 19486
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
$50,000
Title:
General Fund Redevelopment Agency
Loans Receivable
Purpose: New loan to Highland-Gateway Project Area to cover on-going
administration costs at 6%, effective 4/1/99
SECTION 2 . SOURCE Highland-Gateway Redevelopment Project Area is concurrently
paying back $50,000 on a June, 1997 loan
FUND Activity Account Amount
No. 807
29301 $50,000
Title:
Highland-Gateway Fund Balance
Capital Project
Adopted this 17th day of March 1999.
AYES: Members Barnes, Hodges, Oden, Reller-Spurgin and Mayor Kleindienst
NOES: None
ABSENT: None `
ATTEST: CITY SPR S, LIFORNIA
BY
City Clerk City ager
REVIEWED AND APPROVED AS TO FORM/j{�