HomeMy WebLinkAboutCC RES 78-011ARESOLUTION N0. 78-11 A
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM DESERT, CALIFORNIA, AUTHORIZING A TEMPORARY
ADVANCE OF CASH TO THE FEDERAL REVENUE SHARING
FUND FROM THE GENERAL FUNQ.
IJHEREAS, the 1977/78 budget authorized the expenditure of not to
exceed $72,000 for drainage work on San Luis Rey to be expended from the
Federal Revenue Sharing Fund: and
1-1HEREAS, the estimated resources to be available to the Federal
Revenue Sharing Fund for the 1977/78 fiscal year are estimated to be at least
590,000 of which, approximately $32,000 is scheduled for receipt in the remain-
der of the current fiscal year: and
WHEREAS: Immediate obligations of the Federal Revenue Sharing Fund are
approximately �859.75 in excess of current cash resources.
NOW, THEREFORE BE IT RESOLVED THAT:
SECTION 1. The D�rector of Finance is hereby authorized to advance a
sum not to exceed $859.75 to the Federal Revenue Sharing Fund from the General
Fund:
SECTION 2. Said advance shall be repaid to the General Fund from
the Federal Revenue Sharing Fund receipts to be received in April of 1978.
PASSED, APPROUED and ADOPTED by the City Council of the City of
Palm Desert, California, on this 9th day of February , 1978, by the
following vote, to wit:
AYES:
NOES:
ABSENT:
Brush, McPherson, Newbrander, Wilson & tAullins
None
None
ABSTAIN: None
ATTFST:
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D ARD D. S, MAYOR
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SHEILA R. GILLIG N, CITY C K
CITY OF PALM DESERT, CALIFORNIA
78-11