HomeMy WebLinkAbout22759 RESOLUTION NO. 22759
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, APPROVING THE
RESERVATION OF UNAPPROPRIATED FUND BALANCES
IN VARIOUS CITY OPERATING AND CAPITAL PROJECTS
FUNDS FOR THE FISCAL YEAR ENDING JUNE 30, 2010.
WHEREAS the City of Palm Springs has unappropriated fund balances in
various Operating and Capital Projects Funds; and
WHEREAS the City of Palm Springs will require the funds composing these
unappropriated fund balances for future operations or projects; and
WHEREAS the City Council of the City of Palm Springs desires to reserve these
funds for future use.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Palm
Springs hereby authorizes the Finance Director to appropriate from unappropriated
fund balances, as of June 30, 2010, funds for the following reserves indicated,
provided the appropriations do not result in the City exceeding its appropriation limit of
$119,324,757.
Fund Reserves
General Reserve for Contingencies, $2,000,000
Reserve for Capital Projects, remainder
Community Promotion Reserve for Capital Projects, Libraries
and Parks
Special Gas Tax Reserve for Capital Projects
Capital Projects Reserve for Capital Projects
Drainage Reserve for Capital Projects
Resolution No. 22759
Page 2
ADOPTED THIS 7T" DAY OF JULY, 2010.
David H. Rea Manager
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. 22759 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 7t" day of July, 2010, by
the following vote:
AYES: Councilmember Foat, Councilmember Mills, and Mayor Pro Tem
Hutcheson.
NOES: None.
ABSENT: Councilmember Weigel, and Mayor Pougnet.
ABSTAIN: None.
am—es Thompson, City Clerk �� -7b 1Qa�o
City of Palm Springs, California f