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HomeMy WebLinkAbout23746 RESOLUTION NO. 23746 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR THE 2014-15 FISCAL YEAR TO PROVIDE $300,000 FOR THE INCENTIVE GRANT AGREEMENT. WHEREAS, Resolution No. 23560 approving the budget for the Fiscal Year 2014-15 was adopted on June 4, 2014; and WHEREAS, the City Manager has recommended, and the City Council desires to approve, certain amendments to said budget. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE that the Director of Finance is authorized to record inter- fund cash transfers as required in accordance with this Resolution, and that Resolution No. 23560, adopting the Fiscal Year 2014-15 budget is hereby amended as follows: SECTION 1. ADDITIONS Fund Activity Account Amount 001 1400 59422 $300,000 General Fund Com & Economic Eco Dev Development Incentive Focus Purpose: Establish funding for SECTION 2. SOURCE Fund Activity Account Amount 001 29031 $300,000 General Fund Fund Balance ADOPTED THIS 7T" DAY OF JANUARY, 2015. David H. Ready gager ATTEST: mes Thompson, City Clerk Resolution No. 23746 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. 23746 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 7th day of January, 2015, by the following vote: AYES: Councilmember Foat, Councilmember Hutcheson, Councilmember Mills, Mayor Pro Tem Lewin, and Mayor Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. mes Thompson, City Clerk City of Palm Springs, California p r f t i,/06