HomeMy WebLinkAbout21490 - RESOLUTIONS - 1/18/2006 RESOLUTION NO. 21490
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA,AMENDING THE BUDGET FOR
FISCAL YEAR 2005-06.
WHEREAS Resolution 21283 approving the budget for the fiscal year 2005-06 was adopted
on June 8, 2005; 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
21283, adopting the budget for the 2005-06 fiscal year is hereby amended as follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
No. 001 12416 $1,389,000
' 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$1,389,000 in loans
from the General Fund.
Fund Activity Account Amount
NIo. 811 29301 $1,389,000
Merged Area #1 Fund Balance
Capital & Admin
ADOPTED this 18th day of January, 2006.
David H. Ready
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A'TTYST: d/
�mes Thompson, City Clerk
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Resolution No. 21490
Page 2
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that Resolution
No. 21490 is a full, true and correct copy, and was duly adopted at a regular meeting of the
City Council of the City of Palm Springs on January 18, 2006, by the following vote:
AYES: Councilmember McCulloch, Councilmember Mills, Councilmember Pougnet,
Mayor Pro Tern Foat, and Mayor Oden
NOES: None
ABSENT: None
ABSTAIN: None
es Thompson, City Jerk
ity of Palm Springs, California