HomeMy WebLinkAboutCC RES 98-081RESOLUTION NO. 98-81
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT,
CALIFORNIA AMENDING THE FISCAL YEAR 1997-98 BUDGET TO
PROVIDE ADDITIONAL APPROPRIATIONS FROM THE TRAFFIC SAFETY,
GAS TAX, ART IN PUBLIC PLACES AND GENERAI. FUNDS
WHEREAS, it appears that certain funds will receive revenues in the 1997-98 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, Art in Public Places and General Funds for reimbursement of eligible street and art
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, Califomia, that the 1997-98 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 $ 43,000
3. From the Gas Tax Fund to the General Fund to reimburse for street maintenance
performed.
Estimated amount plus interest $660,000
4. From the Art in Public Places Unobligated Fund Balance to Art in Public Place
Maintenance Fund to cover maintenance and repairs for art within in the City of
Palm Desert.
Art in Public Places Maintenance Fund $300,000
RESOLUTION N0. 98-81
PASSED, APPROVED and ADOPTED by the City Council of the City of Palm Desert,
California, at its Regular Meeting held on the 9th day of July , 1998 by the following vote,
to wit:
AYES:
NOES:
FERGIISON, RELLY, SPIEGEL, BENSON
NONE
ABSENT: Ctu�s
ABSTAIN: xoxE
AT'I'EST:
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