CC RES 1998-105 RESOLUTION NO. 98-105
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 PARK DEVELOPMENT
(QUIMBY) 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 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, certain expenses for the Lower Hesse Park Trail Improvements
approved by the City Council will exceed the budget, therefore requiring a budget
adjustment.
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 $ 11,800
330-391.10 Transfers In:
Park Development (Quimby) funds $ 11,800
2. Decrease the Park Development (Quimby) Fund as follows:
334-391.20 Transfers Out $ 11,800
PASSED, APPROVED, AND ADOPTED THE 1ST DAY OF DECEMBER 15,
1998.
7 �,e 1..el
MAYOR
ATTEST: 7
' n
CO► 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.98-105 was duly and regularly passed and adopted by the
said City Council at a regular meeting thereof held on December 15, 19 8.
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CITY.LERK
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