HomeMy WebLinkAbout19488 - RESOLUTIONS - 3/17/1999 RESOLUTION NO. 19488
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 $100,000
Title:
General Fund Redevelopment Agency
Loans Receivable
Purpose: New loan to Tahquitz-Andreas Project Area to cover on-going administration
costs at 6%, effective 4/1/99
1
SECTION 2 . SOURCE Tahquitz-Andreas Redevelopment Project Area is concurrently
paying back $100,000 on a May, 1987 loan
FUND Activity Account Amount
No. 802 29301 $100,000
Title:
Tahquitz-Andreas 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
' AT-TEST: / CITY nr PALM RI v CALIFORNIA
City Clerk City Manager
REVIEWED AND APPROVED AS TO FORM �� /�