HomeMy WebLinkAbout22370 - RESOLUTIONS - 10/22/2008RESOLUTION NO. 22370
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
001 General Fund 29301 $1,440,000
Fund Balance
Purpose: Establish funding for payment of current Golf Course lease agreement
termination and for operating advance to Management Company.
SECTION 2. SOURCE: Transfer of $1,440,000 from General Fund to Golf Course
Fund. The City made a partial advance call on a note receivable from the CRA to cover
this transfer.
Fund Activity Account Amount
430 Golf Course 29301 $1,440,000
Fund Balance
ADOPTED THIS 22" d DAY OF OCTOBER, 2008.
J �
David H. ReadyIGlanager
ATTEST:
Thompson, City Clerk
Resolution No. 22370
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. 22370 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 22°d day of October, 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.
za es Thompson, City Clerk
ty of Palm Springs, California +