HomeMy WebLinkAbout20526 - RESOLUTIONS - 1/2/2003 RESOLUTION NO. 20526
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
261 4282 50003 $1,425,000
Capital Projects Convention Center Bldg & Equip
Phase
Purpose: To provide additional funding needed for Phase I of the
Convention Center expansion - kitchen remodel and redo of Springs Theatre.
SECTION 2. SOURCE The Advance from the General Fund will be repaid either
from future TOT Collections or from Bond Proceeds.
Fund Activity Account Amount
001 12415 $1,425,000
General Fund Advances to Other
Funds
Adopted this end day of January , 2003.
AYES: Members Hodges, Mills, Oden, Reller-Spurgin and Mayor Kleindienst
NOES: None
ABSENT: None
AT--FEST:�`� � CITY OF PALM SPRINGS, CALIFORNIA
CC _ M SPRINGS, t
By-
' City Clerk City Manager
REVIEWED AND APPROVED / 05