HomeMy WebLinkAbout20179 - RESOLUTIONS - 9/19/2001 RESOLUTION NO. 20179
OF THE CITY COUNCIL OF THE CITY OF PALM[ SPRINGS,
CALIFORNIA ESTABLISHING A BOND SAVINGS CAPITAL
PROJECTS FUND
WHEREAS Resolution No. 18982, establishes certain policies pertaining to budget
processes; and
WHEREAS the City Council must approve the creation of any new accounting Funds;
and
WHEREAS it is prudent to have an accounting structure in place to track the
expenditures made from funds provided from savings realized as a result of bond
refinancings; and
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs
as follows:
Section 1. Establishment of Bond Savings Capital Projects Fund
The Bond Savings Capital Projects Fund is hereby established, as a new Fund in the
Capital Projects Group of City funds, and the Director of Finance& Treasurer is directed
to create the appropriate accounting structure.
ADOPTED this 19th day of September 2001
AYES: Members Hodges, Jones, Oden, Reller—Spurgin and Mayor %leindienst
NOES: None
ABSENT: None
A CITY OF PALM SPRINGS, CALIFORNIA
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REVIEWED & APPROVED as to form o
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