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HomeMy WebLinkAbout22394 - RESOLUTIONS - 12/3/2008 RESOLUTION NO. 22394 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE FISCAL YEAR 2008-09 BUDGET. 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 261 Capital Project 1395 City Facility Pending $1 ,300,000 Improvement Purpose: Establish funding for partial advance call on Land Purchase note for Village Green. SECTION 2. SOURCE: Transfer of $1,300,000 from General Fund to Capital Project Fund. The City made a partial advance call on a note receivable from the CRA to cover this transfer. Fund Activity Account Amount 001 General Fund 29301 $1,300,000 Fund Balance ADOPTED THIS 3rd day of December, 2008. David H. Ready, CiV-M5Kaager T T: es Thompson, City Clerk Resolution No. 22394 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. 22394 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 3rd day of December, 2008, by the following vote: AYES: Councilmember Hutcheson, Councilmember Mills, Councilmember Weigel, Mayor Pro Tern Foat, and Mayor Pougnet. NOES: None. ABSENT: None. ABSTAIN: None. es Thompson, City Clerk ity of Palm Springs, California I 1 51zeve