HomeMy WebLinkAbout20609 - RESOLUTIONS - 5/21/2003 RESOLUTION NO. 20609
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 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
12416
001 Redevelopment $345,000
General Fund Agency
Loans Receivable
Purpose: New Loan to Merged Area#2 Capital &Admin Fund to cover on-going costs ,
SECTION 2, SOURCE Merged Area #2 is concurrently paying back $345,000 in
loans from the General Fund.
Fund Activity Account Amount
812 29301 $345,000
Merged Area#2 Fund Balance
Capital &Admin
Adopted this 21 ciday of May , 2003.
AYES: Members Mills, Oden, Reller—Spurgin and Mayor Kleindienst
NOES: None
ABSENT: Member Hodges
AyTE� : CITY OF PALM SPRINGS, CALIFORNIA
City er City Manage
REVIEWED AND APPROVED