HomeMy WebLinkAbout21211 - RESOLUTIONS - 2/16/2005 ' RESOLUTION NO. 21211
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, AMENDING THE BUDGET FOR THE 2004-05
FISCAL YEAR.
WHEREAS Resolution 20973 approving the budget forthe fiscal year2004-05 was adopted
on June 9, 2004; 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
20973, adopting the budget for the 2004-05 fiscal year is hereby amended as follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
No. 001 12416 $600,000
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 $600,000 in
loans from the General Fund.
Fund Activity Account Amount
No. 811 29801 $600,000
Merged Area#1 Fund Balance
Capital & Admin
Adopted this 16th day of February 2005
AYES: Members McCulloch, Pougnet and Mayor Oden
NOES: None
ABSENT: None
ABSTAIN: Members Foat and Mills
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
�
By
� City Clerk City Manager
G
REVVIEWED AND APPROVED