HomeMy WebLinkAboutCC RES 86-078RESOLUTION N0. 86- 78
A RESOLUTION OF THE CITY COUNCII OF THE CITY
OF PALM DESERT, CALIFORNIA, AMENDING THE
1985-86 BUDGET TO PROVIDE APPROPRIATIONS TO
CAPITAL PROJECT RESERVE FUNDS.
WHEREAS, it appears that certain funds will recelve
revenues in the 1985-86 fiscal year that exceed the requlrements
for currently budgeted approprlations, and
WHEREAS, 1t is desirable to appropriate said excess
revenues to Capital Project Reserves for the construction of
future Capftal Projects.
NOW, THEREFORE, BE 1T RESOLVED by the City Council of
the City of Palm Desert, California, that the 1985-86 Budget is
hereby amended by appropriating from the Unobligated Fund
Balance of certaln funds enumerated below to the identified
Capital Projects Reserve Fu�ds the amounts indicated.
1. From the General Fund
Projects Reserve Fund
Streets
Parks
Art in Public Places
Equtpment Replacement
to the Cepital
for:
Reserve
; 700,000
1,600,000
200,000
20,000
2. From the Orafnage Capital Reserve Fund
to the Capital Projects Reserve Fund:
Parks $ 2,000,000
(Originally these were General Fund Approp-
riations)
3.
4.
From the Traffic
Capital Projects
Streets
From the Drainage
Capital Reserves
D�ainage
Safety Fund to the
Reserve Fund for:
Amount Available
(Estimate - $54�935)
Faci)ities Fund to the
Fund for:
Arnount Available
(Estimate - �554,000)
5. From the Park and Recreation Fees Fund
to the Capital Reserves Fund for:
Parks Amount Available
(Estimate - $46,000)
6. From the Traffic Signallzatlon Fees Fund
to the Capital Projects Reserves Fund
for:
Signalization Amount Availabie
(Estlmate - $50,380)
7. From the 2106 Gas Tax Fund and the Local
Transportation Fund to the General Fund,
to reimburse for street matntenence
performed. Transfer amounts:
� 2106 Gas Tax Funds Amounts to be
Local Transportation Fund determined at time
of financial audit.
PASSED APPROVED, and ADOPTED at a26tgular meeting of
the �alm Desert City Council held on this h day of
une 1986 by the following vote, to wit:
,
AY E S: BENSON, SNYDER, WILSON AND KELLY
NOES : NONE
ABSENT: JACKSON
ABSTA I N : NONE
�
7%
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C '� �
RICH D S. KE LY, MAYO
ATTEST:
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SHEILA R. GIL-CIGAN, C�[�� C�ERK
CITY OF PALM DESERT, ip�LIFORNIA