HomeMy WebLinkAboutCC RES 97-071RESOLUTION NO. 97-71
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT,
CALIFORNIA AMENDING THE FISCAL YEAR 1996-97 BUDGET TO
PROVIDE ADDITIONAL APPROPRIATIONS FROM THE TRAFFIC SAFETY,
GAS TAX AND GENERAL FUNDS
WHEREAS, it appears that certain funds will receive revenues in the 1996-97 fiscal year
that exceed the requirements for currently budgeted appropriation, 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 and coverage for general liabilities.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm
Desert, California, that the 1996-97 Budget is hereby amended by appropriating from the
Unobligated Fund Balances of certain funds to the identified funds as follows:
From the General Fund Unobligated Fund Balance for future equipment
replacements - additional reserves:
Equipment Replacement Reserve $180,000
2. From the Traffic Safety Fund to the General Fund to reimburse for street
maintenance performed.
Estimated amount plus interest $ 41,000
3. From the Gas Tax Fund to the General Fund to reimburse for street maintenance
performed.
Estimated amount plus interest $622,000
4. From the General Fund Unobligated Fund Balance to Liability Reserve to cover
claim and/or judgements with respect to general liabilities.
Estimated amount plus interest $ 1,000,000
Resolution No. 97-71
0
PASSED, APPROVED and ADOPTED by the City Council of the City of Palm Desert,
California, at its Regular Meeting held on the 28th day of August, 1997 by the following vote, to
wit:
AYES: BENSON, CRITES, SNYDER, SPIEGEL and KELLY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
SHEILA R:'GILLIGANAVITY CLERK