HomeMy WebLinkAboutCC RES 02-096RESOLUTION NO. 02-96
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT,
CALIFORNIA AMENDING THE FISCAL YEAR 2001-02 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 2001-02
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 2001-02 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 $200,000
-- 2. From the Traffic Safety Fund to the General Fund to reimburse for street
maintenance performed.
Estimated amount plus interest $125,000
3. From the Gas Tax Fund to the General Fund to reimburse for street
maintenance performed.
Estimated amount plus interest $750,000
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
the City of Palm Desert [5% of Art Work].
Art in Public Places Maintenance Fund $5,000
Resolution No. 02-96
Page 2
August 22, 2002
PASSED, APPROVED and ADOPTED by the City Council of the City of Palm Desert,
California, at its Regular Meeting held on the 22nd day of August, 2002 by the following
vote, to wit:
AYES: CRITES, FERGUSON, KELLY
NOES: NONE
ABSENT: BENSON, SPIEGEL
ABSTAIN: NONE
RI RD S. KELLY/, MAYOR
ATTEST:
RACHELLE D. KLASSEN, CITY CLERK
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