HomeMy WebLinkAbout21072 - RESOLUTIONS - 9/1/2004 RESOLUTION NO. 21072
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, 2004.
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 30,2004, funds for the following reserves indicated, provided the appropriations
do not result in the City exceeding its appropriation limit of$92,158,601.
Eu1d Reserves
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 15t day of September, 2004.
AYES: Members Foat, McCulloch, Mills, Pougnet and Mayor Oden
NOES: None
ABSENT: None
ATTEST / CITY OF PALM SPRINGS, CALIFORNIA
City Clerk City Manager �
REVIEWED &APPROVED ,