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HomeMy WebLinkAboutCC RES 07-59RESOLUTION NO. 07-59 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA AMENDING THE FISCAL YEAR 2006-07 BUDGET TO PROVIDE ADDITIONAL APPROPRIATIONS FROM THE GAS TAX, FIRE TAX, AIR QUALITY MANAGEMENT, INTERNAL SERVICE, PARKS AND RECREATION, AND THE GENERAL FUND WHEREAS, it appears that certain funds will receive revenues in the 2006-07 fiscal year that exceed the requirements for currently budgeted appropriation, and WHEREAS, it is desirable to appropriate said excess revenues from the Gas Tax, Fire Tax, Air Quality Management, Internal Service, Parks and Recreation, and General Fund for reimbursement of eligible street expenditures, service costs, land purchase, capital outlay, and replacement costs. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm Desert, California, that the 2006-07 Budget is hereby amended by appropriating from the Unobligated Fund Balances of certain funds to the identified funds as follows: 1. Increase transfer out from the Fire Tax fund to the Internal Service fund for vehicle replacement: Vehicle Replacement - Fund 230 $171,226 2. Increase appropriation for land purchase: Increase appropriation - Fund 233 $3,502,512 3. From the Gas Tax Fund to the General Fund to reimburse for street maintenance performed: Increase appropriation - Fund 211 $32,000 4. From Air Quality Management Fund to reimburse Coachella Valley Association of Governments for additional proceeds received from Air Quality Management based on contractual obligation: Increase - Fund 238 $3,000 5. Appropriate for street resurfacing for the Transportation Congestion Relief Fund received: Increase - Fund 211 $390,670 Resolution No. 07-59 Page 2 of 2 6. Increase Revenue for receipt of Transportation Congestion Relief Fund proceeds received for street resurfacing: Increase - Fund 211 $329,000 7. Increase appropriation for transfers out of the General Fund to cover Capital Outlay ($4,000,000 - Eisenhower, $3,000,000 - median landscaping and sidewalk repairs and construction) Increase - Fund 110 $7,000,000 PASSED, APPROVED and ADOPTED by the City Council of the City of Palm Desert, California, at its Regular Meeting held on the 9`h of August 2007 by the following vote, to wit: AYES: BENSON, ri,â–ºLnii, SPIEGEL, and KELLY NOES: NONE ABSENT: FERGUSON ABSTAIN: NONE RICHARD S. KELL*, ATTEST: RACHELL . KLASSEN ITY CLERK CITY OF PALM DESERT, IFORNIA