HomeMy WebLinkAbout9/6/2006 - STAFF REPORTS - 2.X. RESOLUTION NO
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, 2006.
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, 2006, funds for the following
reserves indicated, provided the appropriations do not result in the City
exceeding its appropriation limit of $101,496,858.
Fund Reserves
General Reserve for Contingencies, $2,000,000
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 day of September,2006.
David H. Ready, City Manager
ATTEST:
James Thompson, City Clerk
ffEM N®2 'X'
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. 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
by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
James Thompson, City Clerk
City of Palm Springs, California