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HomeMy WebLinkAbout22784 RESOLUTION NO. 22784 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR FISCAL YEAR 2010-11 TO FUND THE NEW RESIDENTIAL CONSTRUCTION INCENTIVE PROGRAM. WHEREAS, Resolution No. 22714 approving the Budget for the Fiscal Year 2010-11 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 Activit Account Amount 117 2022 Various $400,000 Economic Recovery Economic Recovery Plan Plan SOURCE(S): Fund A tivity Account Amount 001 General Fund 29322 Transfer Out $400,000 PURPOSE: To supplement the funding of the Economic Recovery Plan. Resolution No. 22784 Page 2 ADOPTED THIS 28TH DAY OF JULY, 2010. David H. Ready, City er ATTEST: 1 es 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. 22784 is a full, true and correct copy, and was duly adopted at a special meeting of the City Council of the City of Palm Springs on the 28th day of July, 2010, by the following vote: AYES: Councilmember Foat, Councilmember Mills, Mayor Pro Tern Hutcheson, and Mayor Pougnet. NOES: Councilmember Weigel. ABSENT: None. ABSTAIN: None. im'es Thompson, City Clerk o City of Palm Springs, California o�ev Du/L