HomeMy WebLinkAbout5/19/2004 - STAFF REPORTS (19) RESOLUTION NO.
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, AMENDING THE BUDGET FOR THE 2003-04
FISCAL YEAR.
WHEREAS Resolution 20615 approving the budget for the fiscal year 2003-04 was adopted
on June 4, 2003; 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
20615, adopting the budget for the 2003-04 fiscal year is hereby amended as follows.
SECTION 1. ADDITIONS
Fund Activity Account Amount
001 12416 $700,000
General Fund Redevelopment
Agency
Loans Receivable
Purpose New Loan to Merged Area #1 Capital Projects to cover on-going costs
SECTION 2. SOURCE Merged Area#1 is concurrently paying back $700,000 in
loans from the General Fund.
Fund Activity Account Amount
812 29301 $700,000
Merged Area #1 Fund Balance
Capital &Admin
Adopted this day of 2004.
AYES:
NOES:
ABSENT:
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk City Manager
REVIEWED AND APPROVED /78
RESOLUTION NO.
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, AMENDING THE BUDGET FOR THE 2003-04
FISCAL YEAR.
WHEREAS Resolution 20615 approving the budget for the fiscal year 2003-04 was adopted
on June 4, 2003; 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
20615, adopting the budget for the 2003-04 fiscal year is hereby amended as follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
001 12416 $300,000
General Fund Redevelopment
Agency
Loans Receivable
Purpose New Loan to Merged Area#2 Capital &Admin Fund to cover on-going costs.
SECTION 2. SOURCE Merged Area#2 is concurrently paying back $300,000 in
loans from the General Fund.
Fund Activity Account Amount
812 29301 $300,000
Merged Area#2 Fund Balance
Capital &Admin
Adopted this day of 12004
AYES:
NOES:
ABSENT:
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk City Manager
REVIEWED AND APPROVED /71"M