HomeMy WebLinkAbout22369 - RESOLUTIONS - 10/22/2008RESOLUTION NO. 22369
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
430 Golf Course 7022 Golf Course Pending $1,190,000
Operations Golf Course Lease
Termination
Pending $250,000
Advance to Mgmt.
Co.
Purpose: Eslablish 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 I Activity
430 Golf Course I
ADOPTED THIS 22"d DAY OF OCTOBER, 2008,
David H. Ready, City-nager
Account
29301
Fund Balance
Amount
$1,440,000
ATT ST:
/4mes Thompson, City Clerk'
Resolution No.22369
Page 2
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )
CITY OF PALM SPRINGS)
CERTIFICATION
ss.
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 22369 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.
fines Thompson, City Clerk
ty of Palm Springs, California / 9�! 1 2a✓� i