HomeMy WebLinkAboutCC RES 2011-48RESOLUTION NO. 2011- 48
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT,
CALIFORNIA COMMITTING THE FUNDS WITHIN THE ENERGY
INDEPENDENCE LOAN AND AQUATIC CENTER FUND, AND
TRANSFERRING ALL FUNDS FROM FUND 241, GOLF COURSE
MAINTENANCE, TO FUND 441, GOLF COURSE CAPITAL, AND
TRANSFERRING ALL FUNDS FROM FUND 239, CITYWIDE BUSINESS
LICENSE FUND, TO FUND 110, GENERAL FUND AS OF JUNE 30, 2011
WHEREAS, the Governmental Accounting Standards Board (GASB) has issued
Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions which
require compliance by June 30, 2011; and
WHEREAS, Statement No. 54 redefines the categories and terminology used to
describe the components that make up a fund balance and does not alter fund balances.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm Desert,
California, that the following actions are hereby taken as follows:
1. Commit the funds within the Energy Independence Loan and Aquatic Center Fund;
and
2. Transfer all funds from Fund 241, Golf Course Maintenance to Fund 441, Golf
Course Capital; and from Fund 239, Citywide Business License to Fund 110,
General Fund.
PASSED, APPROVED AND ADOPTED by the City Council of the City of Palm Desert,
California, at its regular meeting held on the 9th of June, 2011, by the following vote to wit:
AYES: FINERTY, HARNIR, KROONEN, x SPIEGEL„ and BENSON
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
RAC`HELLE D. KLASSEN, GItY CLER
CITY OF PALM DESERT, CALIFORNIA
7)77
JEAN(AII: BENSON, MAYOR