HomeMy WebLinkAbout20940 - RESOLUTIONS - 5/19/2004 RESOLUTION NO, 20940
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, AMENDING THE BUDGET FOR THE 2003-04
FISCAL YEAR.
WHEREAS Resolution 20615 approving the budget forthe fiscal year 2003-04 was adopted
on June 4, 2003; 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
20615, adopting the budget for the 2003-04 fiscal year is hereby amended as follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
001 12416 $700,000
General Fund Redevelopment
Agency
Loans 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 $700,000
Merged Area #1 Fund Balance
Capital &Admin
Adopted this 19thday of May , 2004.
AYES: Members McCulloch, Pougnet, and Mayor Oden
NOES: None
ABSENT: Members Foat.and Mills
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk City Manager
REVIEWED AND APPROVED /78