HomeMy WebLinkAbout23432 RESOLUTION NO. 23432
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET
FOR FISCAL YEAR 2013-14 TO PROVIDE FUNDING FOR
THE STATE OF CALIFORNIA REDEVELOPMENT
DISSOLUTION ACT.
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.
NOW THEREFORE THE CITY COUNCIL DETERMINES, RESOLVES AND
APPROVES 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
870 8501 65023 $963,709
Merged #1 Merged #1 DOF Demand Plus Accrued
Capital Successor Capital Successor Payment Interest as of Date
__ of Payment
85
871 02 65023 $147,845
Merged #2 Merged #2 DOF Demand Plus Accrued
Capital Successor Capital Successor Payment Interest as of Date
of Payment
872 8511 65023 $3,486,933
Merged #1 Successor Debt#1 DOF Demand Plus Accrued
Debt Service Payment Interest as of Date
of Payment
873 8518 65023 $2,025,130
Merged #2 Successor Debt#2 DOF Demand Plus Accrued
Debt Service Payment Interest as of Date
of Payment
Purpose: Establish funding for State-Required Payment of Successor Agency's Other
Funds and Accounts Due Diligence Review (OFA-DDR).
Resolution No. 23432
Page 2
SECTION 2. SOURCE
Fund Activity Account Amount
870 29301 $963,709
Merged #1 Fund Balance Plus Accrued
Capital Successor Interest as of Date
of Payment
871 29301 $147,845
Merged #2 Fund Balance Plus Accrued
Capital Successor Interest as of Date
of Payment
872 29301 $3,486,933
Merged #1 Fund Balance Plus Accrued
Debt Service Interest as of Date
of Payment
873 29301 $2,025,130
Merged #2 Fund Balance Plus Accrued
Debt Service Interest as of Date
of Pa ment
ADOPTED THIS 4T" DAY OF SEPTEMBER, 2013.
David H. Ready, City M er
ATTEST:
ames Thompson, City Clerk
Resolution No. 23432
Page 3
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. 23432 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 Hutcheson, Councilmember Lewin,
Mayor Pro Tern Mills, and Mayor Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
mes Thompson, City Clerk
City of Palm Springs, CaliforniaoR�mleo l3