HomeMy WebLinkAbout20134 - RESOLUTIONS - 7/18/2001 RESOLUTION NO. 20134 '
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, 2001.
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, 2001, funds for the following reserves indicated, provided the
appropriations do not result in the City exceeding its appropriation limit of$78,527,423.
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 18th day of July , 2001.
AYES: Members Hodges, Jones, Oden, Rell:er-Spurgin and Mayor Rleindienst
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
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REVIEWED &APPROVED AS TO FORM —