HomeMy WebLinkAbout22649 RESOLUTION NO, 22649
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET
FOR THE 2009-10 FISCAL YEAR,
WHEREAS, Resolution No. 22531 approving the budget for the Fiscal Year 2009-10
was adopted on June 17, 2009; and
WHEREAS, the City Manager has recommended, and the City Council desires to
approve, certain amendments to said budget.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM SPRINGS
DOES HEREBY RESOLVE, that the Director of Finance is authorized to record inter-fund
cash transfers as required in accordance with this Resolution, and that Resolution No.
22531, adopting the Fiscal Year 2009-10 budget is hereby amended as follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
No. 261 1395 City Facility $788,000
Capital Project Improvement
Purpose: Establish funding for partial payment on accrued interest on Land Purchase note
for Sunrise Loan.
SECTION 2. SOURCE: Transfer of $788,000 from General Fund to Capital Project
Fund. The City made a partial payment on accrued interest on a note receivable from the
CRA to cover this transfer.
Fund Activity Account Amount
No. 001 29301 $788,000
General Fund Fund Balance
ADOPTED THIS 20th day of January, 2010,
David H. Ready, Cit er
AT ST:
mes Thompson, City Clerk
Resolution No. 22649
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. 22649 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 20t" of January, 2010, by the
following vote:
AYES: Councilmember Foat, Councilmember Mills, Councilmember Weigel, Mayor
Pro Tern Hutcheson, and Mayor Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
me2s Thompson, City Clark l�� d
City of Palm Springs, California `