HomeMy WebLinkAbout20574 - RESOLUTIONS - 3/26/2003 RESOLUTION NO. 20574
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA,AMENDING THE BUDGET FOR THE 2002-03
FISCAL YEAR.
WHEREAS Resolution 20357 approving the budget forthe 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 $130,000
Capital Projects Fund Convention Center Buildings& Equip
Purpose To cover additional costs of Phase I Convention Center expansion. '
SECTION 2. SOURCE Community Promotion Fund reserves (via intertund transfers)
to be repaid from future years' revenue from the TOT rate
increase.
Fund Activity Account Amount
112 29301 $130,000
Community Fund Balance
Promotion
Adopted this 26tfUay of March 12003
AYES: Members Mills, Oden, Reller—Spurgin and Mayor Kleindienst
NOES: None
ABSENT: Member Hodges
CITY OF PSALM SPRINGS, CALIFORNIA
City Clerk City Manager
REVIEWED AND APPROVED