HomeMy WebLinkAboutCC RES 98-013RESOLUTION NO. 98-13
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 1997-98
BUDGET AS A RESULT OF MID -YEAR ADJUSTMENTS FOR DESERT WILLOW.
WHEREAS, as a result of a Mid -year review of the budget, it is desirable to revise
the 1997-98 Budget;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm
Desert, California, that the 1997-98 Budget is hereby revised as follows:
1. The amounts shown in the column entitled "Revised Appropriations" in the
table entitled "City of Palm Desert, Mid -Year 1997-98 Budget Review, Revised
Appropriations Desert Willow Budget", attached hereto as Exhibit "A", are hereby
appropriated to the departments, activities and projects identified therein as the
Desert Willow Budget for 1997-98.
2. The amounts shown in the column entitled "Revised Estimated Revenue" in
the table entitled "City of Palm Desert, Mid -Year 1997-98 Budget Review, Revised
Estimated Revenues", attached hereto as Exhibit "B", are hereby accepted as the
Estimated Revenues for the 1997-98 Fiscal Year for each fund and revenue source.
3. The amount shown in the column entitled "Alternative 1" in the table entitled
"City of Palm Desert, Mid -Year 1997-98 Budget Review, Revised Appropriations
Desert Willow Budget", attached hereto as Exhibit "A", are hereby appropriated to
the departments, activities and projects identified therein as the Desert Willow
Budget for 1997-98. The City General Fund will loan to Desert Willow the amount
shown in the column entitled "Alternative 1" with interest equal to Local Agency
Investment Fund (LAIF).
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
City Council held on this 12th day of February, 1998, by the following vote, to wit:
AYES: BUFORD CRITES,JAMES FERGUSON,
RICHARD KELLY, JEAN BENSON
NOES: NONE
ABSENT: BOB SPIEGEL
ABSTAIN: NONE
SHEILA R. rGI LIGAN, CITLERK
CITY OF PALM DESERT, CALIFORNIA
6,
. 'AN BENSON, MAYOR
[THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK]
FUND/
RES: 98-13
Exhibit "A"
CITY OF PALM DESERT
MID -YEAR 1997-98 BUDGET REVIEW
REVISED APPROPRIATIONS
DESERT WILLOW BUDGET
ORIGINAL REVISED CHANGE Alternative
DEPARTMENT APPROPRIATIONS APPROPRIATIONS INC/(DEC? No. 1
Desert Willow Golf Course
Salaries - Golf Course
Salaries - Golf Carts
Salaries - Golf Shop
Salaries - General Adm
Golf Course Maint
Cart Expense -Lease
Pro Shop
Pro Shop C.G.S.
Range Expenses
'general Admin.
Management Fee
Interest Exp
Deprec. Exp.
Golf Academy
Contingency
Capital Outlay
Subtotal Desert Willow
Palm Desert Recreation
Salaries - Food & Bev.
Food & Bev.
Foof & Bev C.G.S
Subtotal P.D. Rec. Fac.
:`eft&ili Ilfr Ceti r
590,583
141,021
140,087
291,029
468,462
110,496
94,580
202,056
3,400
530,334
150,000
36,051
216,924
-0-
132,516
-0-
3,107,539
Facitities
120,703
26,020
81,559
228,282
3,335,821
645,270 54,687 +92,880(1)
99,250 (41,771)
128,951 (11,136)
265,169 (25,860)
690,943 222,481 +31,200(1)
117,489 6,993
76,119 (18,461)
196,340 (5,716)
3,771 371
337,344 (192,990)
150,000 -0-
36,051 -0-
340,140 123,216
96,138 96,138
-0- (132,516)
-0- +108.585(1)
+75,436 +232,665(1)
3,182.975
103,106
44,868
91,710
239.684
3,422,659
(17,597)
18,848
10,151
+11.402
+ 86,838 +232,665(1)
(1)Alternative 1 is in addition to the column labeled "revised appropriations" and would also require an
additional loan to Desert Willow from the City's General Fund of $232,665.
RES: 98-13
Exhibit "B"
CITY OF PALM DESERT
MID -YEAR 1997-98 BUDGET REVIEW
REVISED ESTIMATED REVENUES
FUND/ ORIGINAL REVISED CHANGE
REVENUE ESTIMATED REVENUE ESTIMATED REVENUE INC/(DEC)
Desert Willow Golf Revenues:
Golf Green Fees 2,690,300 2,551,511 (138,789)(1)
Golf Cart Fee 16,700 22,879 6,179
Merchandise Sales 352,400 352,400 -0-
Practice Balls 52,600 52,600 -0-
Learning Center -0- 113,007 113,007
Interest 1,200 8,400 7,200
Subtotal Desert Willow 3,113,200 3,100,797 (12,403)
IPalm Desert Recreation Fac.
Food & Beverage 210,500
Subtotal P.D. Rec. Fac. 210,500
Total Golf Course Oper. 3,33 ,39`/
210,500
210,500
3393ll Il9297
(1)Assumes no additional months with bad windy/rainy days during weekends.
-0-
-0-
(ll2,6 63)
3
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