HomeMy WebLinkAbout20608 - RESOLUTIONS - 5/21/2003 RESOLUTION NO. 20608
' 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 year2002-03 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,
001 12416
General Fund Redevelopment $700,000
Agency
Loan Receivable
Purpose New loan to Merged Area#1 Capital Projects to cover on-going costs.
SECTION 2. SOURCE Merged Area #1 is concurrently paying back$700,000 in
loans from the General Fund.
FUND Activity Account Amount
812 29301
Merged Area#1 Fund Balance $700,000
Capital & Admin
Adopted this 21 stday of May , 2003.
AYES: Members Mills, Oden, Reller-Spurgin and Mayor Kleindienst
NOES: None
ABSENT: Member Hodges
A CITY OF PALM SPRINGS, CALIFORNIA
Clerk City Manage
REVIEWED AND APPROVED
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