HomeMy WebLinkAbout20718 - RESOLUTIONS - 9/3/2003 RESOLUTION NO. 20718
' OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING THE
RESERVATION OF UNAPPROPRIATED FUND
BALANCES IN VARIOUS CITY OPERATING AND
CAPITAL PROJECTS FUNDS FOR THE FISCAL YEAR
ENDING JUNE 30, 2003.
WHEREAS the City of Palm Springs has unappropriated fund balances in various
Operating and Capital Projects Funds; and
WHEREAS the City of Palm Springs will require the funds composing these
unappropriated fund balances for future operations or projects; and
WHEREAS the City Council of the City of Palm Springs desires to reserve these funds
for future use.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Palm Springs
hereby authorizes the Finance Director to appropriate from unappropriated fund
balances, as of June 30,2003, funds for the following reserves indicated, provided the
appropriations do not result in the City exceeding its appropriation limit of $89,561,323,
Fund RReseues
General Reserve for Contingencies, $1,000,000
Reserve for Capital Projects, remainder
Community Promotion Reserve for Capital Projects, Libraries
and Parks
Special Gas Tax Reserve for Capital Projects
Capital Projects Reserve for Capital Projects
Drainage Reserve for Capital Projects
ADOPTED this 3rd day of September 2003.
AYES: Members Hodges, Mills, Oden, Reller-Spurgin and Mayor Kleindienst
NOES: None
ABSENT: None
ST T OF PALM SPRINGS, CALIFORNIA
City Clerk City Manager
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REVIEWED &APPROVED