HomeMy WebLinkAbout21893 - RESOLUTIONS - 5/16/2007 RESOLUTION NO. 21893
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, AUTHORIZING THE
ESTABLISHMENT OF NEW SPECIAL REVENUE FUNDS
TO BE TITLED THE DOWNTOWN BUSINESS
IMPROVEMENT DISTRICT FUND AND THE AIRPORT
CUSTOMER FACILITY CHARGES (CFCs) FUND AND
AUTHORIZING THE DIRECTOR OF FINANCE TO
CREATE THE ACTIVITIES (COST CENTERS) AND
ACCOUNT NUMBERS.
WHEREAS, the City has established a Downtown Business Improvement District; and
WHEREAS, the City has also established a Customer Facility Charge at the Airport; and
WHEREAS, these revenues are required to be segregated; and
WHEREAS, the most efficient method of segregating the revenue and expenditures is
to Record the transactions in a separate fund.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES
' HEREBY RESOLVE AS FOLLOWS:
SECTION 1. To create new special revenue funds to be titled the Downtown Business
Improvement District Fund and the Airport Customer Facility Charges (CFCs) Fund.
SECTION 2. To direct the Director of Finance and Treasurer to record the appropriate
receipts, expenditures and transfers in these funds.
SECTION 3. To authorize the Director of Finance and Treasurer to create the
appropriate activities (cost centers) and account numbers, as necessary.
ADOPTED THIS 161" DAY OF MAY, 2007.
15
David H. Ready, i y rta er
ATTEST:
' ,J06
es Thompson, City Clerk
Resolution No. 21893
Page 2
,STATE OF CALIFORNIA ) CERTIFICATION
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 21893 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 the 16th day of May, 2007, by
the following vote:
AYES: Councilmember Foat, Councilmember McCulloch, Councilmember Mills,
Mayor Pro Tern Pougnet, and Mayor Oden.
NOES: None.
ABSENT: None.
ABSTAIN: None.
me Thompson, City Clerk
ity of Palm Springs, California