CC RES 1998-082 RESOLUTION NO. 98-82
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 ENVIRONMENTAL EXCISE TAX
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 develop
recreational facilities in lower Fred Hesse Park (Project#9833);and
WHEREAS, on August 11, 1998, the City of the Rancho Palos Verdes was
notified that the FY 1998-99 budget for the State of California includes Parks and
Recreation Local Assistance funds in the amount of $150,000 for the construction of
Lower Hesse Park; and
WHEREAS, appropriation increases in the Capital Improvement Projects Fund
and Development Impact Mitigation Fund (EET) are necessary for 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 adjustments be made to the following fund budgets:
1. Increase the Capital Improvement Projects Fund budget as follows:
330-930-33-82 Improvements Other Than Buildings $ 276,000
330-391.10 Transfers In:
EET funds $ 126,000
330-364.10 Grant Income:
State of California Parks and
Recreation Local Assistance fund $ 150,000
2. Decrease the Development Impact Mitigation (EET) Fund as follows:
338-391.20 Transfers Out $ 126,000
PASSED, APPROVED, AND ADOPTED THE 1ST DAY OF SEPTEMBER, 1998.
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MAYOR IT
ATTEST:
46 ,iiw
i / / - 7-
C 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. 98-82 was duly and regularly passed and adopted by the
said City Council at a regular meeting thereof held on See -mber 1, 1 •'8.
( C/4L LiyeA7 ' / c__
CITY CLERK
-2- Resol. No. 98-82