HomeMy WebLinkAbout22437 - RESOLUTIONS - 2/18/2009 RESOLUTION NO. 22437
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET
FOR FISCAL YEAR 2008-09.
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 $1,466,785
General Fund Redevelopment
Agency Loans
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 18th day of February, 2009.
Tom Wilson, Acting City Manager
ATTEST:
�.1�ames Thompson, City Clerk
Resolution No. 22437
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. 22437 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 18th day of February, 2009,
by the following vote:
AYES: Councilmember Foat, Councilmember Hutcheson, Council member Weigel,
and Mayor Pougnet.
NOES: None.
ABSENT: Mayor Pro Tem Mills.
ABSTAIN: None.
mes Thompson, Ci#y Clerk
City of Palm Springs, California �Z�Z5/ZDZY'1