HomeMy WebLinkAbout22307 - RESOLUTIONS - 7/16/2008 RESOLUTION NO. 22307
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 $1,466,785
Agency Loans
Receivable
Purpose: 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
Merged Area #1 29301 $1,466,785
Capital & Admin Fund Balance
ADOPTED THIS 16`" day of July, 2008.
David H. Read , i y Manager
ATTEST:
ames Thompson, City Clerk
Resolution No.22307
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. 22307 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 16�h day of July, 2008, by the
following vote:
AYES: Councilmember Hutcheson, Councilmember Mills, Councilmember Weigel,
and Mayor Pougnet.
NOES: None.
ABSENT: Mayor Pro Tern Foat.
ABSTAIN: None.
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