CC RES 2001-095 RESOLUTION NO. 2001-95
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2001-43, THE BUDGET APPROPRIATION
FOR FISCAL YEAR 2001-2002, FOR A BUDGET ADJUSTMENT TO THE CITY'S
GENERAL FUND FOR IMPLEMENTATION OF GASB STATEMENT NO. 34.
WHEREAS, Section 3.32 of the 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 Council of 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, a budget increase in the General Fund is necessary to authorize the
expenditure of funds to implement GASB Statement No. 34
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
The following adjustments be made to the fiscal year 2001-2002 budget:
Increase the General Fund budget:
Finance #001-120-35 Professional/technical $ 7,000
Public Works #001-301-35 Professional/technical $ 28,000
PASSED, APPROVED, AND ADOPTED THE 20TH DAY OF NOVEMBER, 2001.
j f,,,, C'
YO /(/
ATTEST.
• /La/if /
CITY CLERK
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. 2001-95 was duly and regularly passed and adopted by the said
City Council at regular meeting thereof held on November 20, 2001.
r`-,j. . /0
CITY CLERK