HomeMy WebLinkAbout5/7/2003 - STAFF REPORTS (24) RESOLUTION NO.
OF THE CITY COUNCIL OFTHE CITY OF PALM SPRINGS,
CALIFORNIA, AMENDING THE BUDGET FOR THE 2002-03
FISCAL YEAR.
WHEREAS Resolution 20357 approving the budget for the fiscal year2002-03 was adopted
on June 5, 2002; 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
20357, adopting the budget for the 2002-03 fiscal year is hereby amended as follows,
SECTION 1. ADDITIONS
Fund Activity Account Amount
001 12416
General Fund Redevelopment $700,000
Agency
Loan 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
Merged Area #1 Fund Balance $700,000
Capital &Admin
Adopted this day of , 2003,
AYES:
NOES:
ABSENT:
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk City Manager
REVIEWED AND APPROVED
a � �9
RESOLUTION NO.
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA, AMENDING THE BUDGET FOR THE 2002-03
FISCAL YEAR.
WHEREAS Resolution 20357 approving the budget for the fiscal year 2002-03 was adopted
on June 5, 2002; 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
20357, adopting the budget for the 2002-03 fiscal year is hereby amended as follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
12416
001 Redevelopment $345,000
General Fund 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 $345,000 in
loans from the General Fund.
Fund Activity Account Amount
812 29301 $345,000
Merged Area #2 Fund Balance
Capital & Admin
Adopted this day of , 2003.
AYES:
NOES:
ABSENT:
ATTEST, CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk City Manager
REVIEWED AND APPROVED