HomeMy WebLinkAbout20280 - RESOLUTIONS - 2/20/2002 RESOLUTION NO. 20280
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, '
CALIFORNIA,AMENDING THE BUDGET FOR THE 2001-02
FISCAL YEAR.
WHEREAS Resolution 20062 approving the',budget forthe fiscal year2001-02 was adopted
on June 6, 2001; 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
20062, adopting the budget for the 2001-02 fiscal year is hereby amended as follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
No. 851 8204 49625 $216,785
Title: Merged Area N. Palm Canyon City Loan Principal
#1 Debt Service
Purpose: Pay back $616,785 in loans from the General Fund effective 3/1/02. '
$400,000 of the loan repayment was included in the CRA's FY01-02 budget.
SECTION 2. SOURCE Surplus funds from Tax Increment have accumulated in Fund
Balance.
FUND Activity Account Amount
No. 001 12416
Title: General Redevelopment $216,785
Fund Agency Loans
Receivable
Adopted this 20tniay of ]February , 2002.
AYES: Members Oden, Reller—Spurgin and Mayor Kleindienst
NOES: None
ABSENT: None
ABSTAIN: Member Mills
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
City Clerk City MaL�
REVIEWED AND APPROVED