CC RES 1998-074 RESOLUTION NO. 98-74
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
RANCHO PALOS VERDES AMENDING RESOLUTION NO.
98-47, THE BUDGET APPROPRIATION FOR FISCAL YEAR
1998-99, FOR A BUDGET ADJUSTMENT TO THE CITY'S
CAPITAL PROJECTS, AND PROPOSITION C FUNDS
WHEREAS, Section 3.32 of the City of Rancho Palos Verdes Municipal Code
provides that all expenditures in excess of budgeted allocations must be a
supplemental appropriation of the City Council; and
WHEREAS, on June 3, 1998, the City of the Rancho Palos Verdes adopted
resolution 98-47, approving a spending plan and authorizing a budget appropriation for
the 1998-99 fiscal year; and
WHEREAS, it is advantageous to the City to allocate additional funds to street
rehabilitation of Palos Verdes Drive East from Ganado Drive to Palos Verdes Drive
South (Project#9839);and
WHEREAS, appropriation increases in the Capital Improvement Projects Fund,
and Street Improvement/Transit (Proposition C) Fund are necessary to complete this
project.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
That the following adjustments be made to the following fund budgets:
Increase the Capital Improvement Projects Fund budget as follows:
330-930-30-82 Improvements Other Than Buildings $308,500
330-391.10 Transfers In 308,500
Increase the Proposition C budget as follows:
115-391.20 Transfers Out $308,500
PASSED, APPROVED, AND ADOPTED THE 18TH DAY OF AUGUST, 1998.
&A4L ) VAlao
OR
ATTEST:
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TY 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
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that the above Resolution No. 98-74 was duly and regularly passed and adopted by the
said p Y
said City Council at a regular meeting thereof held on August 18, 1998.
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CITY CLERK
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