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HomeMy WebLinkAbout22438 - RESOLUTIONS - 2/18/2009 RESOLUTION NO- 22438 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR THE 2008-09 FISCAL YEAR. WHEREAS, Resolution No. 22265 approving the budget for the Fiscal Year 2008-09 was adopted on June 18, 2008; 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. 22265, adopting the Fiscal Year 2008-09 budget is hereby amended as follows: SECTION 1. ADDITIONS Fund Activity Account Amount No. 001 12416 $545,000 General Fund Redevelopment Agency Loans Receivable Purpose: Establish funding for new loan to Merged Area #2 Capital &Admin to cover on- going costs. SECTION 2. SOURCE: Merged Area #2 is concurrently repaying $545,000 in loans from the General Fund. Fund Activity Account Amount No. 812 29301 $545,000 Merged Area #2 Fund Balance Capital & Admin ADOPTED this 18th day of February, 2009. C:W), Tom Wilson, Actf'ing City Manager ATTEST: �City � _/J,ames Thompsoer< Resolution No. 22438 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. 22438 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 181" day of February, 2009, by the following vote: AYES: Councilmember Foat, Councilmember Hutcheson, Councilmember Weigel, and Mayor Pougnet. NOES: None. ABSENT: Mayor Pro Tem Mills. ABSTAIN: None. ;Wes Thompson, Citylerk �21�5�z0©�Palm Springs, California `