HomeMy WebLinkAbout21219 - RESOLUTIONS - 3/2/2005 RESOLUTION NO. 21219
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 $370,000
General Fund Redevelopment
Agency Loans
Receivable '
Purpose: New loan(at 6%effective 3/2/05)to Merged Area#1 Capital Projects to cover VIP
Motors land swap. Loan will be repaid when land swap is completed.
SECTION 2. SOURCE
Fund Activity Account Amount
No. 811 Merged 29301 $370,000
Area#1 Capital & Fund Balance
Admin.
Adopted this end day of March 2005.
AYES: Members McCulloch, Pougnet and Mayor Oden
NOES: None
ABSENT: None
ABSTAIN: Members Feat and Mills
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
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City Clerk City Man�r '
REVIEWED AND APPROVED
AS TO FORM