HomeMy WebLinkAboutCC RES 00-077Resolution No. 00-77
RESOLUTION NO. 00-77
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT,
CALIFORNIA, AMENDING THE FISCAL YEAR 1999-00 BUDGET TO
PROVIDE ADDITIONAL APPROPRIATIONS FROM THE TRAFFIC SAFETY,
GAS TAX, ART IN PUBLIC PLACES AND GENERAL FUNDS
WHEREAS, it appears that certain funds will receive revenues
in the 1999-00 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, California, that the 1999-00 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: $300,000
2. From the Traffic Safety Fund to the General Fund to
reimburse for street maintenance performed,
Estimated amount plus interest: $227,000
3. From the Gas Tax Fund to the General Fund to reimburse
for street maintenance performed,
Estimated amount plus interest: $681,000
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 [ 5 % of Art Work] .
Estimated amount - Art in Public
Places Maintenance Fund: $10,000
5. From the General Fund to the Capital Project Reserve
Fund to cover the cost of capital projects,
Estimated amount: $5,500,000
PASSED, APPROVED and ADOPTED this
day of June , 2000.
AYES: BENSON, KELLY, SPIEGEL, FERGUSON
NOES: NONE
ABSENTS: CRITES
ABSTAINS: NONE
Attest:
ELLE }LA '_', 'C NG CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
Resolution No. 00-77
22nd
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