HomeMy WebLinkAbout7/25/2007 - STAFF REPORTS - RA.3. Fp NLM SA
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c4`IFOVL REDEVELOPMENT AGENCY STAFF REPORT
DATE: July 25, 2007 Consent Calendar
SUBJECT: APPROVAL OF CONTINUING APPROPRIATIONS
FROM: David H. Ready, City Manager
BY: Department of Finance and Treasury
SUMMARY
At the end of each fiscal year staff recommends certain accounts be continued into the next
fiscal year by resolution under the title of"Continuing Appropriations".
RECOMMENDATION:
1. Approve Resolution Na. "A Resolution of the Community
Redevelopment Agency of the City of Palm Springs, California, Approving
Continuing Appropriations from Fiscal Year 2006-07 to Fiscal Year 2007-08."
STAFF ANALYSIS:
At the end of each fiscal year staff recommends certain accounts be continued into the next
fiscal year. These are appropriations accounts for specific projects or purposes. Many are
appropriations that are restricted by special revenues either by gift, grants or funding
source. Staff has reviewed the attached list of continuing appropriations to insure that they
are needed to complete a designated project, and/or are connected to a grant or
designated revenue source.
The majority of this year's continuing appropriations are related to various capital projects.
In order to continue spending on these items, the City Council must approve the continuing
of these appropriations into Fiscal Year 2007-08.
ITEM NO.
Community Redevelopment Agency Staff Report
July 25, 2007-- Page 2
Continuing Appropriations
FISCAL IMPACT:
There are adequate funds in the attached accounts for the recommended Continuing
Appropriations. Final balances will be determined with the closing of Fiscal Year 2006-07.
— Z i � I I
Craig A. Graves, Director of Finance and Tro . Butzla istant City Manager-
Treasurer Adml istrative e es
David H. Ready, City er
Attachment: Resolution
06.
RESOLUTION NO.
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY
OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING
CONTINUING APPROPRIATIONS FROM FISCAL YEAR 2006-07 TO
FISCAL YEAR 2007-08
WHEREAS the City Council of the City of Palm Springs has adopted a budget for the
2007-08 fiscal year; and
WHEREAS certain projects budgeted in the 2006-07 fiscal year budget have been started
but not completed; and
WHEREAS the unencumbered balances of those certain appropriations are necessary for
completion of the projects;
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Palm Springs
hereby authorizes carrying forward to the nearest dollar, as continuing appropriations into
the 2007-08 fiscal year, the amount indicated or the final audited unencumbered balances
whichever is the lesser amount, as of June 30, 2007 of the following accounts:
ACCOUNT NO: ACCOUNT TITLE AMOUNT
811-8191-43960 Property Tax 3,099.45
811-8191 50000 Unscheduled Capital Projects 329,720.90
811-8191-50005 Unscheduled Bond Proceeds 33,721.74
811-8191-54049 General Plan Update 60,000.00
811-8191-54057 City Hall Furniture 35,000.00
811-8191-65169 Desert Hotel Property 4,814.11
811-8191-65181 Stevens/NPC 16,000.00
811-8191-65189 Cork N Bottle Purchase 1,975.14 484,331.34
812-8192-50000 Unscheduled Capital Projects 810,915,17
812-8192 50005 Unscheduled Bond Proceeds 2,183,094.14
812-8192-65171 S Palm Canyon Widening 796,65220 3,790,661.51
882-8382-50000 Unscheduled Capital Projects 10,383.36
882-8382-65122 SFR Rehab Program 4,264.53
882-8382-65145 Desert Highland Infill 5,522.38
882-8382-65146 Vista Sunrise 518,189.35
882-8382-65147 El Dorado MDH 102,893.30
882-8382-65158 Tahquitz Court Apts 416,816.00
882-8382-65170 Desert Highland Infill 50,000.00
882-8382-65174 North Indian/San Rafael 1,496.00
882-8382-65188 Coyote Run II 146,923.00
882-8382-65190 Housing Element Update 43,973.00 1,300,460.92
GRAND TOTAL $ 5,575,453.77 5,575,453.77
Section 2. All appropriations approved subsequent to passage of this resolution for the
00000I
2006 07 fiscal year, and not expended, are authorized to be continued into
the 2007-08 fiscal year.
ADOPTED this day of 2007
David H. Ready, City Manager
ATTEST:
James Thompson, City Clerk
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )
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 Councel of the City of the City of Palm Springs on
by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
James Thompson, City Clerk
City of Palm Springs, California
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