HomeMy WebLinkAbout2/20/2002 - STAFF REPORTS (16) RESOLUTION NO.
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA,AMENDING THE BUDGET FOR THE 2001-02
FISCAL YEAR.
WHEREAS Resolution 20062 approving the budget for the fiscal year 2001-02 was adopted
on June 6, 2001; 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
20062, adopting the budget for the 2001-02 fiscal year is hereby amended as follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
No. 851 8204 49625 $216,785
Title: Merged Area N. Palm Canyon City Loan Principal
#1 Debt Service
Purpose: Pay back $616,785 in loans from the General Fund effective 3/1/02.
$400,000 of the loan repayment was included in the CRA's FY01-02 budget.
SECTION 2. SOURCE Surplus funds from Tax Increment have accumulated in Fund
Balance.
FUND Activity Account Amount
No. 001 12416
Title: General Redevelopment $216,785
Fund Agency Loans
Receivable
Adopted this day of 12002.
AYES:
NOES:
ABSENT:
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk City Manager
REVIEWED AND APPROVED Q
A /i
RESOLUTION NO.
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA,AMENDING THE BUDGET FOR THE 2001-02
FISCAL YEAR.
WHEREAS Resolution 20062 approving the budget for the fiscal year 2001-02 was adopted
on June 6, 2001; 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
20062, adopting the budget for the 2001-02 fiscal year is hereby amended as follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
001 12416 $616,785
General Fund Redevelopment
Agency Loans
Receivable
Purpose New Loan to Merged Area#1 Capital Projects to cover on-going costs, and
the cost of the Desert Shadows OPA.
SECTION 2. SOURCE Merged Area #1 is concurrently paying back $616,785 in
loans from the General Fund.
FUND Activity Account Amount
811 29301 $616,785
Merged Area#1 Fund Balance
Capital Project
Adopted this day of 12002.
AYES:
NOES:
ABSENT:
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk City Manager
REVIEWED AND APPROVED
RESOLUTION NO.
OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,
CALIFORNIA,AMENDING THE BUDGET FOR THE 2001-02
FISCAL YEAR.
WHEREAS Resolution 20062 approving the budget for the fiscal year 2001-02 was adopted
on June 6, 2001; 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
20062, adopting the budget for the 2001-02 fiscal year is hereby amended as follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
001 12416
General Fund Redevelopment $100,000
Agency
Loan 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 $100,000 in
loans from the General Fund.
FUND Activity Account Amount
812 29301
Merged Area#2 Fund Balance $100,000
Capital &Admin
Adopted this day of 12002.
AYES:
NOES:
ABSENT:
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
By
City Clerk City Manager
REVIEWED AND APPROVED
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