HomeMy WebLinkAboutRDA RES 199RESOLUTION NO. 199
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY
AMENDING THE FISCAL YEAR 1985-86 BUDGET FOR MID -YEAR
ADJUSTMENTS.
WHEREAS, as a result of a mid -year review of the
budget, it is desirable to revise the 1985-86 Budget;
NOW, THEREFORE, BE IT RESOLVED by the Palm Desert
Redevelopment Agency, that the 1985-86 Budget is hereby revised
as follows:
1. The amounts shown 1n the column entitled "Revised
Estimate" in the table entitled "Palm Desert
Redevelopment Agency, Mid -Year Budget Review,
Revised Appropriations and Revenue Estimates",
attached hereto as Exhibit "A", are hereby approved
for 1985-86.
PASSED, APPROVED and ADOPTED at a regular meeting of
the Palm Desert Redevelopment Agency held on this 27th day of
February , 1986, by the following vote to wit:
AYES: BENSON, SNYDER, WILSON, KELLY
NOES: NONE
ABSENT: JACKSON
ABSTAIN: NONE
RI
ATTEST:
SHEILA R. G LLIGAN, CRETARY
PALM DESERT REDEVELOPMENT AGENCY
RD S. KL'Y, CH RMAN
t. A tl 1 1-i
1
1
1
PALM DESERT REDEVELOPMENT AGENCY
MID -YEAR BUDGET REVIEW
REVISED APPROPRIATIONS AND REVENUE ESTIMATES
4.
PROJECT FUND
CURRENT REVISED
Revenues
Debt Issuance 11,000,000 28,000,000
Interest 250,000 750,000
Appropriations
Administration Expense
Land Purchase
Portola Storm Drain
DEBT SERVICE FUND
108,000
4,300,000
6,172,436
123,000
7,000,000
8,000,000
Revenues
Bond Proceeds -0- 16,000,000