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HomeMy WebLinkAbout22869 RESOLUTION NO. 22869 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR FISCAL YEAR 2010-11. WHEREAS, Resolution No. 22714 approving the Budget for the Fiscal Year 2010-2011 was adopted on June 2, 2010; and WHEREAS the City Manager has recommended, and the City Council desires to approve, certain amendments to the budget for Fiscal Year 2010-11. NOW THEREFORE THE CITY COUNCIL DETERMINES, RESOLVES AND APPROVES AS FOLLOWS: SECTION 1. The Director of Finance is authorized to record inter-fund cash transfers as required in accordance with this Resolution, and Resolution No. 22714, adopting the Budget for Fiscal Year 2010-11 is hereby amended as follows: ADDITION(S): Fund Activity Account Amount 540 5919 48696 $250,000 Risk Management Unemployment Unemployment Insurance SOURCE(S): Fund Activity Account Amount 540 29301 $250,000 Risk Management Fund Balance PURPOSE: Cover cost of unemployment insurance for balance of fiscal year. Increase due to large number of layoffs in prior years. Resolution No. 22869 Page 2 ADOPTED THIS 2ND DAY OF FEBRUARY 2011. David H. Ready, Cit ger ATTEST: / mes 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. 22869 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 2nd day of February, 2011, by the following vote: AYES: Councilmember Foat, Councilmember Hutcheson, Councilmember Mills, Mayor Pro Tern Weigel, and Mayor Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. es Thompson, City Clerk City of Palm Springs, California o rOrZ