HomeMy WebLinkAboutCC RES 03-080RESOLUTION NO. 03-80
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT,
CALIFORNIA AMENDING THE FISCAL YEAR 2002-03 BUDGET TO PROVIDE
ADDITIONAL APPROPRIATIONS FROM THE TRAFFIC SAFETY, GAS TAX,
INTERNAL SERVICE AND THE GENERAL FUND
WHEREAS, it appears that certain funds will receive revenues in the 2002-03
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, Internal Service and General Fund for reimbursement of eligible street
expenditures and replacement costs.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm
Desert, California, that the 2002-03 Budget is hereby amended by appropriating from
the Unobligated Fund Balances of certain funds to the identified funds as follows:
1. The transfer out from the General Fund to the Internal Service fund for
vehicle replacement:
Vehicle Replacement $209,200
2. From the Traffic Safety Fund to the General Fund to reimburse for street
maintenance performed.
Estimated amount plus interest $195,000
3. From the Gas Tax Fund to the General Fund to reimburse for street
maintenance performed.
Estimated amount plus interest $815,000
Resolution No. _03-80
Page 2
June 12, 2003
PASSED, APPROVED and ADOPTED by the City Council of the City of Palm Desert,
California, at its Regular Meeting held on the 12th day of June, 2003 by the following
vote, to wit:
AYES: CRITES, FERGUSON, KELLY, SPIEGEL, BENSON
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
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Jai N M. BENSON, MAYOR
ATTEST:
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RACHELLE D. KLASSEN, CITY CLERK
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