HomeMy WebLinkAbout22655 RESOLUTION NO. 22655
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- 001 12416 $1,466,785
General Fund Redevelopment
Agency Loan
Receivable
Purpose: Establish funding for new loan to Merged Area #1 Capital & Admin to cover on-
going costs.
SECTION 2. SOURCE. Merged Area #1 is concurrently repaying $1,466,785 in
loans from the General Fund.
Fund Activity Account Amount
No. 811 29301 $1,466,785
Merged Area #1 Fund Balance
Capital & Admin
ADOPTED THIS 20th day of January, 2010.
David H. ReadyJaitjanager
ATTEST:
es Thompson, City Clerk
Resolution No. 22655
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. 22655 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 20th day of January, 2010, by
the following vote:
AYES: Councilmember Foat, Councilmember Mills, Councilmember Weigel, Mayor
Pro Tem Hutcheson, and Mayor Pougnet.
NOES: None.
ABSENT: None.
ABSTAIN: None.
mes Thompson, City Clerk OZ 66 Za10
ity of Palm Springs, California