HomeMy WebLinkAbout20506 - RESOLUTIONS - 12/4/2002 RESOLUTION NO. 20506 '
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR
THE 2002-03 FISCAL YEAR.
WHEREAS Resolution 200357 approving the budget for the fiscal year 2002-03 was
adopted on June 5, 2002; 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 20357, adopting the budget for the 2002-03 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
415 29302 $1,496,000
Airport Retained Earnings
Purpose: To amend the Airport Fund's FY 02-03 budget to more accurately reflect '
current conditions.
SECTION 2. SOURCE Revenue estimates increased due to increased flights, the
new TSA lease and the sale of land. Appropriations can be decreased
due to expected savings in utility costs.
Fund Activity Account Amount
415 (see attached detail) Revenue $984,000
Airport Appropriations $512,000
Adopted this 4th day of December , 2002.
AYES: Councilmembers Hodges, Mills, Oden and Mayor Kleindienst
NOES: Pbne
ABSENT: Councilmember Reller-Spurgin
TEST: CITY OF PALM SPRINGS, CALIFORNIA
City Clerk City Mane4�'�
REVIEWED AND APPROVED '
1-,3
Resolution No. 20506
Page 2
City of Palm Springs
' Detail for Budget Resolution
Amending Airport Fund Budget
Revenue Increases:
Account# Account Name Current Est Revised Add] Amount
415-38106 Scheduled $1,000,000 $1,113,000 $113,000 (a)
Landing Fees
415-38109 Airfield 200,000 225,000 25,000 (a)
Concessions
415-38123 Terminal Non- 370,000 510,000 140,000 (b)
Air Rentals
415-38130 Food 115,000 150,000 35,000 (a)
Concessions
415-37801 Sale of Real 0 671,000 671,000 (c)
Pro ert
$ 984,000
(a) from add'I flights
' (b) TSA lease
(c) Sale of land to School District
Appropriation Decreases:
415-6050-42002 Electricity Cogen $118,500 $60.500 $58,000
—Airside
415-6075-42002 Electricity Cogen- 50,100 20,100 30,000
ARFF
415-6100-42002 Electricity Cogen 224,702 100,702 124,000
—Landside
415-6200-42002 Electricity Cogen 700,000 400,000 300,000
—Terminal Bldg
512.000 (al
(a) Airport electricity usage has dropped and the cost
of the City's cogenerated electricity also declined
from budgeted levels.
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