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HomeMy WebLinkAbout19543 - RESOLUTIONS - 6/16/1999 RESOLUTION NO. 19543 OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING THE RESERVATION ' OF UNAPPROPRIATED FUND BALANCES IN VARIOUS CITY OPERATING AND CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR ENDING JUNE 30, 1999. WHEREAS the City of Palm Springs has unappropriated fund balances in various Operating and Capital Projects Funds; and WHEREAS the City of Palm Springs will require the funds composing these unappropriated fund balances for future operations or projects; and WHEREAS the City Council of the City of Palm Springs desires to reserve these funds for future use. NOW THEREFORE BE IT RESOLVED that the City Council of the City of Palm Springs hereby authorizes the Finance Director to appropriate from unappropriated fund balances, as of June 30, 1999 , funds for the following reserves indicated, provided the appropriations do not result in the City exceeding its appropriation limit of $68,245, 250. Fund Reserves General Reserve for Contingencies, $1, 000, 000 ' Reserve for Capital Projects, remainder Community Promotion Reserve for Capital Projects, Libraries and Parks Special Gas Tax Reserve for Capital Projects Capital Projects Reserve for Capital Projects Drainage Reserve for Capital Projects ADOPTED this 16th day of June , 1999. AYES: Members Barnes, Hodges, Oden, Reller-Spurgin and Mayor Kleindienst NOES: None ABSENT: None ATTEST CITY OF P SPRIN , A IFORNIA By �-�e City Clerk City M nager REVIEWED & APPROVED 1r16