HomeMy WebLinkAboutRes 08-67 FY 2007-08 Budget Amndmnt - Unobligated FundsCITY OF PALM DESERT
FINANCE DEPARTMENT
STAFF REPORT
REQUEST: APPROVE RESOLUTION NO. 08-67 AUTHORIZING THE FISCAL
YEAR 2007-2008 BUDGET AMENDMENT TO PROVIDE TRANSFER
AND APPROPRIATION OF UNOBLIGATED FUNDS FROM THE
COMMUNITY DEVELOPMENT BLOCK GRANT, FIRE TAX, GOLF
COURSE MAINTENANCE FUND, AND OFFICE COMPLEX-PARKVIEW
FUND AS OF JUNE 30, 2008
DATE: JULY 10, 2008
CONTENTS: RESOLUTION NO. 08-67
RECOMMENDATION:
By Minute Motion, that the City Council approve Resolution No. 08-67
amending the 2007-08 budget to provide transfer and appropriation of
unobligated funds from the Community Development Block Grant, Fire Tax, Golf
Course Maintenance Fund, and Office Complex-Parkview Fund as of June 30,
2008.
BACKGROUND:
Staff recommends that the City appropriate unobligated balances from the Community
Development Block Grant, Fire Tax, Golf Course Maintenance Fund, and Office Complex-
Parkview Fund for reimbursement of eligible community programs, capital outlay for Fiscal Year
2008/2009, 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
2007-08 and the transfers as of June 30, 2008.
Submitted By:
Paul S. Gibso
Approval:
;:ITY COUNCIL ACTION:
APPROVED ✓ DENIED
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RESOLUTION NO. 08-67
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT,
CALIFORNIA AMENDING THE FISCAL YEAR 2007-08 BUDGET TO PROVIDE
ADDITIONAL APPROPRIATIONS FROM THE COMMUNITY DEVELOPMENT
BLOCK GRANT, FIRE TAX, GOLF COURSE MAINTENANCE FUND, AND
OFFICE COMPLEX-PARKVIEW FUND
WHEREAS, it appears that certain funds will receive revenues in the 2007-08 fiscal year
that exceed the requirements for currently budgeted appropriation, and
WHEREAS, it is desirable to appropriate said excess revenues from the Community
Development Block Grant, Fire Tax, Golf Course Maintenance Fund, and Office Complex-Parkview
Fund for reimbursement of eligible community programs, capital outlay, and replacement costs.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm Desert,
California, that the 2007-08 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 $170,000
2. Increase appropriation for Community Development Block Grant funding:
Increase appropriation - Fund 220 $170,000
3. Increase appropriations for transfer out of the Enterprise Fund - Parkview Office
Complex and Special Revenue Fund - Golf Course Maintenance Fund to Fund 400
to cover capital outlay approved at the June 26, 2008 City Council meeting:
Increase appropriation - Fund 241
Increase appropriation - Fund 510
$1,000,000
$1,000,000
PASSED, APPROVED and ADOPTED by the City Council of the City of Palm Desert, California,
at its Regular Meeting held on the 10`h day of July 2008 by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
JEAN BENSON, MAYOR
ATTEST:
RACHELLE D. KLASSEN, CITY CLERK