HomeMy WebLinkAbout23433 RESOLUTION NO. 23433
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET
FOR FISCAL YEAR 2013-14 TO PROVIDE $1,000,000 IN
FUNDING FOR THE CITY'S "SPECIAL ECONOMIC
DEVELOPMENT FOCUS INCENTIVE PROGRAM AREAS".
WHEREAS, Resolution No. 23341 approving the Budget for the Fiscal Year
2013-2014 was adopted on May 15, 2013; and
WHEREAS the City Manager has recommended, and the City Council desires to
approve, certain amendments to said budget.
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY
RESOLVE AS FOLLOWS: that the Director of Finance is authorized to record inter-fund
cash transfers as required in accordance with this Resolution, and Resolution
No. 23341, adopting the Budget for Fiscal Year 2013-14 is hereby amended as follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
001 1400 59422 $1,000,000
General Fund Comm & Economic Economic
Development Development
Incentive Focus
Purpose: Establish funding for Special Economic Development Focus Incentive
Program.
SECTION 2. SOURCE
Fund Activity Account Amount
001 29301 $1,000,000
General Fund Fund Balance
SECTION 3. The City Manager is authorized and directed to execute a budget
amendment to provide $500,000 funding from Measure J Fund, and reduce the General
Fund contribution by $500,000, if at the time of the Fiscal Year 2014-15 Budget General
Fund reserves of$2 million are required.
Resolution No. 23433
Page 2
ADOPTED THIS 4T" DAY OF SEPTEMBER, 2013.
David H. Ready, City ager
ATTEST:
ames Thompson, City Clerk
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. 23433 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 September 4, 2013, by the
following vote:
AYES: Councilmember Foat, Councilmember Lewin, and Mayor Pougnet.
NOES: Mayor Pro Tem Mills.
ABSENT: Councilmember Hutcheson.
ABSTAIN: None.
ames Thompson, City Clerk
City of Palm Springs, California