HomeMy WebLinkAbout22308 - RESOLUTIONS - 7/16/2008 RESOLUTION NO. 22308
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET
FOR FISCAL YEAR 2007-08.
WHEREAS, Resolution 21901 approving the budget for the fiscal year 2007-08 was
adopted on June 6, 2007; and
WHEREAS,the City Manager has recommended, and the City Council desires to approve,
certain amendments to said budget;
NOW, THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record
inter-fund cash transfers as required in accordance with this Resolution, and that
Resolution 21901, adopting the budget for the 2007-08 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
No. 001 12416
General Fund Redevelopment $545,000
Agency Loans
Receivable
Purpose: 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
Merged Area #2 29301 $545,000
Capital & Admin Fund Balance
ADOPTED THIS 16" day of July, 2008.
David H. Rea y anager
ATTEST:
imes Thompson, City Clerk
Resolution No- 22308
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. 22308 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 161h day of July, by the
following vote:
AYES: Councilmember Hutcheson, Councilmember Mills, Councilmember Weigel,
and Mayor Pougnet.
NOES: None.
ABSENT: Mayor Pro Tern Foat.
ABSTAIN: None-
?a, s Thompson, City Clerk ��af�ZDD
f Palm Springs, California ,-