HomeMy WebLinkAboutCC RES 96-58r � `.
��� _(�i `.
RESOLUTION NO. 96-58
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF PALM DESERT, CALIFORNIA
AMENDING THE FISCAL YEAR 1995-96 BUDGET TO PROVIDE
ADDITIONAL APPROPRIATIONS FROM THE
TRAFFIC SAFETY, GAS TAX AND GENEItAI. FUND5.
WHEREAS, it appears that certain funds will receive revenues in the 1995-96 fiscal year
that exceed the requirements for currently budgeted appropriarions, and
WHEREAS, it is desirable to appropriate said excess revenues from the Traffic Safety,
Gas Tax and General Funds for reimbursement of eligible street maintenance expenditures and to
establish reserves for future replacements of equipment,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm
Desert, California, that the 1995-96 Budget is hereby atnended 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 $ I 80,000
2. From the Traffic Safety Fund to the General Fund to reimburse for street
maintenance performed.
Estimated amount plus interest $ 30,000
3. From the Gas Tas Fund to the General Fund to reimburse for street maintenance
performed.
Estimated amount plus interest $624,000
R�SOLUTION NO. 96-58
PASSED, APPROVED and ADOPTED by the City Council of the City of Palm Desert,
California, at its Regular Meeting held on the 12th day ofseptember , 1996
by the following vote, to wit:
AYES: Benson, Crites, Kelly, Spiegel, Snyder
NOES: None
ABSENT: None
ABSTAIN: None
,�' ,�,�'Cl .. �v.t�
WALTER H. SNYDER, OR
�
AT"TEST: