HomeMy WebLinkAbout23132 RESOLUTION NO. 23132
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, AUTHORIZING THE
ESTABLISHMENT OF A NEW CAPITAL PROJECTS FUND
TO BE CALLED THE MEASURE J FUND, AND
AUTHORIZING THE DIRECTOR OF FINANCE TO
CREATE THE APPROPRIATE ACTIVITIES (COST
CENTERS) AND ACCOUNT NUMBERS.
WHEREAS, on November 8, 2011, voters approved Measure J, the local
revenue measure increasing the City's sales tax rate by 1%, which became effective
April 1, 2012; and
WHEREAS, the Board of Equalization will administer and collect the additional
local tax and remit this revenue to the City; and
WHEREAS, creating a new Measure J fund will allow the City to more effectively
track revenue and provide a much better audit trail for expenses; and
WHEREAS, Council approval is necessary for the creation of new funds.
NOW THEREFORE THE CITY COUNCIL DETERMINES, RESOLVES AND
APPROVES AS FOLLOWS:
SECTION 1. The Director of Finance is hereby authorized to create a new and
separate Capital Projects Fund to be named the Measure J fund.
SECTION 2. The Director of Finance is hereby authorized to create the
appropriate activities (cost centers) and account numbers.
PASSED, APPROVED AND ADOPTED BY THE PALM SPRINGS CITY
COUNCIL THIS 2ND DAY OF MAY, 2012.
David H. Ready, Cit Hager
ATTEST:
?ames Thompson, City Clerk
Resolution No. 32132
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. 23132 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 May 2, 2012, by the following
vote:
AYES: Councilmember Hutcheson, Councilmember Lewin, Councilmember Mills,
Mayor Pro Tern Foat, and Mayor Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
mes Thompson, City Clerk 'q,j/zaz
City of Palm Springs, California