HomeMy WebLinkAbout19656 - RESOLUTIONS - 9/15/1999 RESOLUTION NO. 19656
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR
THE 1999-00 FISCAL YEAR.
WHEREAS Resolution 19541, approving the budget for the fiscal year
1999-•00 was adopted on June 16, 1999 ; 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 19541,
adopting the budget for the 1999-00 fiscal year is hereby amended
as follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No.
001 12416 $100,0()0
Title:
General Fund Redevelopment
Notes Receivable
Purpose: To provide funding for Smart Alex OPA via General Fund loan to
North Palm Canyon Project Area.
SECTION 2 . SOURCE Loan to be repaid from tax increment 'from Smart Alex Project.
FUND Activity Account Amount
No.
955 26274 $100,0()0
Title:
Redevelopment Loans Payable
Long Term Debt Group General Fund
Adopted this 15th day of September 1999 .
AYES: Members Barnes, Hodges, Oden, Reller-Spurgin and Mayor Kleindienst
NOES: None
ABSENT: None
ATT-ES-T CIlT)Y ,7LM S GS) CALIFORNIA '
By, �C �� _ \��
City'Clerk ager
REVIEWED AND APPROVED AS TO FORM_
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