HomeMy WebLinkAbout21212 - RESOLUTIONS - 2/16/2005 RESOLUTION NO. 211212 '
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 for the fiscal year 2004-05 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 $300,000
General Fund Redevelopment
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 $300,000 in
loans from the General Fund.
Fund Activity Account Amount
No. 812 29301 $300,000
Merged Area #2 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
�Cityrk City Manager
REVIEWED AND APPROVED