HomeMy WebLinkAbout6/20/2001 - STAFF REPORTS (29) RESOLUTION NO. 20083
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA,AMENDING THE BUDGET FOR THE 2000-01
FISCAL YEAR.
WHEREAS Resolution 19817 approving the budget for the fiscal year 2000-01 was adopted
on June 21, 2000; 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
19817, adopting the budget for the 2000-01 fiscal year is hereby amended as follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 851 8204 49625 $300,000
Title: Merged Area#1 N. Palm Canyon City Loan Principal
Debt Service
Purpose: Pay back $300,000 in loans from the General Fund effective 6/21/01.
SECTION 2. SOURCE Surplus funds from Tax Increment have accumulated in Fund
Balance.
FUND Activity Account Amount
No. 001 12416
$300,000
Title: General Fund
Redevelopment
Agency Loans
Receivable
Adopted this 20th day of June 2001
AYES: Members Hodges, Oden, Reller-Spurgin and Mayor Rleindienst
NOES: Member Jones
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk City Manager
REVIEWED AND APPROVED AS TO FORM
82 7.o
RESOLUTION NO. 20084
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA,AMENDING THE BUDGET FOR THE 2000-01
FISCAL YEAR.
WHEREAS Resolution 19817 approving the budget for the fiscal year 2000-01 was adopted
on June 21, 2000; 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
19817, adopting the budget for the 2000-01 fiscal year is hereby amended as follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 001 12416 $300,000
Title: General Fund Redevelopment
Agency Loans
Receivable
Purpose: New loan to Merged Area#1 Capital Project to cover on-going administration
costs at 6%, effective 6/21/01.
SECTION 2. SOURCE Merged Area #1 is concurrently paying back $300,000 in
loans from the General Fund.
FUND Activity Account Amount
No. 811
29301 $300,000
Title: Merged Area#1
Capital Project Fund Balance
Adopted this20th day of June 2001
AYES: Members Hodges, Oden, Reller—Spurgin and Mayor Rleindienst
NOES: Member Jones
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk City Manager
REVIEWED AND APPROVED AS TO FORM