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CC RES 2000-068 RESOLUTION NO. 2000-68 A RESOLUTION OF THE CITY COUNCIL OF THE CITY RANCHO PALOS VERDES AMENDING RESOLUTION NO. 99-41, THE BUDGET APPROPRIATION FOR FISCAL YEAR 1999-2000, FOR A BUDGET ADJUSTMENT TO THE CITY'S GENERAL FUND AND CAPITAL IMPROVEMENT 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 6, 2000, the City of Rancho Palos Verdes adopted Resolution 00-34, approving a spending plan and authorizing a budget appropriation for the 2000-2001 fiscal year; and WHEREAS, it is necessary for the City to allocate additional funds to provide funding for a capital improvement project; and WHEREAS, a budget increase in the Capital Improvement Fund is necessary to authorize the expenditure of additional funds for the contract services. 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 budgets: Increase in the Capital Improvement Fund Improvements other than buildings 330-930.82 $735,000 Transfer In 330-391.10 Increase in General Fund Transfer Out 001-391.20 $735,000 PASSED, APPROVED, AND ADOPTED THE 3rd OF OCTOBER, 2000. ATTEST: /s/ LEE BYRD MAYOR /S/JO PURCELL 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. 2000-68 was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on October 3, 2000. City Clerk