HomeMy WebLinkAboutCC RES 87-061RESOLUTION NO. 87-61
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM DBSfiRT, CALIFORNIA, AMENDING THE
1986-87 BUDGET TO PROVIDE APPROPRIATIONS TO
CAPITAL PROJECT RESERVE FUNDS.
WHEREAS, it appears that certain funds will receive
revenues in the 1986-87 fiscal year that exceed the requirements
for currently budgeted appropriations, and
WHEREAS, it is desirable to appropriate said excess
revenues to Capital Project Reserves for the construction of
future Capital Projects.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Palm Desert, California, that the 1986-87 Budget is
hereby amended by appropriating from the Unobligated Fund Balance
of certain funds enumerated below to the identified Capital
Projects Reserve Funds the amounts indicated.
1. From the General Fund to the Capital
Projects Reserve Fund for:
Equipment Replacement Reserve 40,000
Future Capital Project Reserve 1,000,000
2. From the Traffic Safety Fund to the
Capital Projects Reserve Fund for:
Streets
•Amount Available
(Estimate - 550,000)
3. From the 2106 Gas Tax Fund and the Local
Transportation Fund to the General Fund,
to reimburse for street maintenance
performed. Transfer amounts:
2106 Gas Tax Funds Amounts to be
Local Transportation Fund determined at time
of financial audit.
PASSED APPROVED, and ADOPTED at a regular meeting of
the Palm Desert City Council held on this 9th day of
July , 1987 by the following vote, to wit:
1�LJULI. 11V.v O i-O 1
PAGE 2 of 2
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AYE S: BENSON, SNYDER, WILSON, KELLY
NOES : NONE
AHSENT: CRITES
ABSTAIN: NONE
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RIC RD S. KELLY, AYOR
ATTEST:
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SHEILA R.-GILLIGAN, CYTY CLERK
CITY OF PALM DESERT, CALIFORNIA