CC RES 2001-054 RESOLUTION NO. 2001-54
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
RANCHO PALOS VERDES AMENDING RESOLUTION NO.
2001-43, THE BUDGET APPROPRIATION FOR FISCAL
YEAR 2001-2002, FOR A BUDGET ADJUSTMENT TO THE
CITY'S CAPITAL PROJECTS FUND.
WHEREAS, Section 3.32 of the City of Rancho Palos Verdes Municipal Code
provides that all expenditures in excess of budgeted allocations must be by
supplemental appropriation of the City Council; and
WHEREAS, on June 5, 2001, the City of Rancho Palos Verdes adopted
Resolution 2001-43, approving a spending plan and authorizing a budget appropriation
for the 2001-2002 fiscal year; and
WHEREAS, it is advantageous to the City to allocate additional funds to repair
the storm drain facility near Palos Verdes Drive South; and
WHEREAS, a budget increase in the Capital Improvement Projects Fund is
necessary to authorize the expenditure of additional funds for the project.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
That the following adjustment be made to the following fund budget:
Increase Capital Improvement Projects Fund:
Improvements Other Than Buildings 330-930.82 $ 35,000
Transfer In 330-391.10 $ 35,000
Decrease in General Fund:
Transfer Out 001-391.20 $ 35,000
PASSED, APPROVED, AND ADOPTED THE 7th OF AUGUST, 2001.
ATTEST: /
MAY 0
G'14,6e-0
i4)41,4,1) 1tLERK
f State of California
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, JO PURCELL, City Clerk of the City of Rancho Palos Verdes, hereby certify
that the above Resolution No. 2001-54 was duly and regularly passed and adopted by the
said City Council at a regular meeting thereof held on August 7, 2001.
WP Clerk
Resolution No. 2001-54
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