HomeMy WebLinkAboutRes 07-59 FY 2006-07 Budget Gas Tax Fire Tax AQM etc.Approval:
Carlos L. Ortega,(ity Manager
CITY OF PALM DESERT
FINANCE DEPARTMENT
STAFF REPORT
REQUEST: APPROVE RESOLUTION NO. 07- 59 AUTHORIZING THE FISCAL
YEAR 2006-2007 BUDGET AMENDMENT TO PROVIDE TRANSFER,
APPROPRIATION AND ESTIMATED REVENUES OF UNOBLIGATED
FUNDS FROM THE GAS TAX, FIRE TAX, AIR QUALITY
MANAGEMENT, INTERNAL SERVICE, PARKS AND RECREATION,
AND GENERAL FUND AS OF JUNE 30, 2007
DATE: AUGUST 9, 2007
CONTENTS: RESOLUTION NO. 07- 59
RECOMMENDATION:
By Minute Motion, that the City Council approve Resolution No. 07-59
amending the 2006-07 budget to provide transfer, appropriation and estimated
revenues of unobligated funds from the Gas Tax, Fire Tax, Air Quality
Management, Internal Service, Parks and Recreation, and General Fund as of
June 30, 2007.
BACKGROUND:
Staff recommends that the City appropriate estimated unobligated balances 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 to transfer replacement costs to the City's Internal Service Fund.
This resolution will allow the Director of Finance to make the budget adjustments for fiscal year
2006-07 and the transfers as of June 30, 2007.
Submitted By:
CITY COUNCIL .CTION:
APPROVED DENIED
REcE IVED OTHER
. A/O . �.� y
tETIN DATE "-�; - (� (
Paul S. Gibson, Director of Finance/City Treallt : / )Berl. Finer y . 1` J/EcleI.O'J Kelly f
NOES: !VUff
ABSENT: }i
ABSTAIN
VERIFIED BY: J &/Il L`ir l
')r iginal on File wi-eh City Clerk's Of firE
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RESOLUTION 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:
NOES:
ABSENT:
ABSTAIN:
RICHARD S. KELLY, MAYOR
ATTEST:
RACHELLE D. KLASSEN, CITY CLERK
CITY OF PALM DESERT, CALIFORNIA