HomeMy WebLinkAbout19871 - RESOLUTIONS - 7/19/2000 RESOLUTION NO. 19871 '
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, 2000,
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 Directorto appropriate from unappropriated fund balances,
as of June 30,2000,funds forthe following reserves indicated,provided the appropriations
do not result in the City exceeding its appropriation limit of $72,899,576.
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 19th day of July , 2000.
AYES: Members Hodges, Jones, Oden, Reller-Spurgin and Mayor %leindienst
NOES: None
ABSENT: None
ATTEST- CITY OF PALM SPRINGS, CALIFORNIA
City Clerk City Manager
REVIEWED & APPROVED
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