HomeMy WebLinkAboutCC RES 95-069q-o I I
RESOLUTION NO. 95-69
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF PALM DESERT, CALIFORNIA
AMENDING THE FISCAL YEAR 1994-95 BUDGET TO PROVIDE
ADDITIONAL APPROPRIATIONS FROM THE TRAFFIC SAFETY, GAS TAX,
ART IN PUBLIC PLACES AND THE GENERAL FUND.
WHEREAS, it appears that certain funds will receive revenues in the 1994-
95 fiscal year that exceed the requirements for currently budgeted
appropriations, and
WHEREAS, it is desirable to appropriate said excess revenues
from the Traffic Safety, Gas Tax, Art in Public Places and the General Funds for
reimbursement of eligible street maintenance expenditures, and to establish
reserves for maintenance of art pieces and future replacements of equipment,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Palm Desert, California, that the 1994-95 Budget is hereby amended by
appropriating from the Unobligated Fund Balances of certain funds to the
identified funds as follows:
1. From the General Fund Unobligated Fund Balance for future equipment
replacements - additional reserves:
Equipment Replacement Reserve $360,000
2. From the Arts in Public Places Unobligated Fund Balance for
maintenance of art pieces - additional reserves:
Reserves for Maintenance $100,000
3 From the Traffic Safety Fund to the General Fund to reimburse for
street maintenance performed.
Estimated amount plus interest $ 23,000
4. From the Gas Tax Fund to the General Fund to reimburse for street
maintenance performed.
Estimated amount plus interest $530,000
RESOLUTION NO. 95-69
Desert, California, at its Regular Meeting held on the
_, 1995, by the following vote, to wit:
AYES: BENSON, KELLY, SNYDER, SPIEGEL, CRITES
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
PASSED, APPROVED and ADOPTED by the City Council of the City of Palm
24th day of August
Buford A. Crites. Mayor
ATTEST: ^\ iv
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SHEILA 1 3ILLIGANd CITY CLERK