HomeMy WebLinkAboutRes 06-129 FY 2005-06 Budget Amendment Gas and Fire TaxApproval:
CITY OF PALM DESERT
FINANCE DEPARTMENT
STAFF REPORT
REQUEST: APPROVE RESOLUTION NO. 06-129 AUTHORIZING THE
FISCAL YEAR 2005-2006 BUDGET AMENDMENT TO PROVIDE
TRANSFER, APPROPRIATION AND ESTIMATED REVENUES OF
UNOBLIGATED FUNDS FROM GAS TAX, FIRE TAX, AIR
QUALITY MANAGEMENT, INTERNAL SERVICE AND GENERAL
FUND AS OF JUNE 30, 2006
DATE: SEPTEMBER 28, 2006
CONTENTS: RESOLUTION NO. 06-129
RECOMMENDATION:
By Minute Motion, that the City Council approve Resolution No. 06-129
amending the 2005-06 budget to provide transfer, appropriation and
estimated revenues of unobligated funds from the, Gas Tax, Fire Tax, Air
Quality Management, Internal Service and General Fund as of June 30,
2006.
BACKGROUND:
City staff recommends that the City appropriate estimated unobligated balances
from the Gas Tax, Fire Tax, Air Quality Management, Internal Service and
General Fund for reimbursement of eligible street expenditures, service costs,
and to transfer replacement cost to the City's Internal Service Fund.
This resolution will allow the Director of Finance to make the budget adjustments
for fiscal year 2005-06 and the transfers as of June 30, 2006.
Submitted By:
Paul S. Gibson, Director of Finance/City Treasurer
CITY COUNCIL,ACTION:
APPROVED o DENIED
REC IVED OTHER A`-j
f3/I- /offy
MEETING DATE
AYES: /1'&'€ c iT9 A65(1- ?
Carlos L. Ortega, City Manager ABSENT:
ABSTAIN: A
VERIFIED BY: J/%,t /firr;(vi
Original on File with City Clerk's 0ffire
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RESOLUTION NO. 06-129
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
DESERT, CALIFORNIA AMENDING THE FISCAL YEAR 2005-2006
BUDGET TO PROVIDE ADDITIONAL APPROPRIATIONS FROM THE GAS
TAX, FIRE TAX, AIR QUALITY MANAGEMENT, INTERNAL SERVICE
AND THE GENERAL FUND
WHEREAS, it appears that certain funds will receive revenues in the 2005-06 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 and General Fund for reimbursement
of eligible street expenditures, replacement costs and additional service costs
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm
Desert, Califomia, that the 2005-06 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 $206,000
2. Increase appropriations for additional expenditures resulting from
unanticipated overtime for fire services
Increase Appropriation - Fund 230 $436,000
3. Increase revenues from Structural Fire Tax
Increase Revenues - Fund 230 $650,000
4. From the Gas Tax Fund to the General Fund to reimburse for street
maintenance performed.
Increase Appropriations - Fund 211 $43,000
Resolution No. 06-129
Page 2
September 28, 2006
5. From Recycling Fund to reimburse Coachellla Valley Association of
Governments for additional proceeds received from Air Quality Management
based on contractual obligation.
Increase - Fund 238 $ 7,900
6. Appropriate additional funds for street resurfacing for the Transportation
Congestion Relief Fund received.
Increase - Fund 211 $221,000
7. Increase revenue for receipt of Transportation Congestion Relief Fund
proceeds received for street resurfacing.
Increase- Fund 211 $221,000
PASSED, APPROVED and ADOPTED by the City Council of the City of Palm Desert,
California, at its Regular Meeting held on the 28th of September by the following vote, to
wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
JIM FERGUSON, MAYOR
ATTEST:
RACHELLE KLASSEN, CITY CLERK