CC RES 1999-035 RESOLUTION NO. 99-35
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 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 a
supplemental appropriation of the City Council; and
WHEREAS, on June 3, 1998, the City of 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 expenditures in the Capital Improvement Fund,
approved by the City Council will exceed the budget, therefore requiring a budget
adjustment to the Capital Improvement Projects Fund.
WHEREAS, the City Council desires that the fiscal year 1998-99 budget
appropriation in the Capital Improvement Project Funds be increased by
$559,106.
WHEREAS, the City Council desires that $282,862 of Quimby Funds and
$276,244 of EET monies be transferred to the Capital Improvement Projects fund
to cover the appropriate increases.
BE IT THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY
OF RANCHO PALOS VERDES:
That the following appropriation increases be made to the Fiscal Year 1998-99
Capital Improvement Projects Fund, Quimby Fund and EET Fund budgets:
330-930.35 Professional/Technical Services $ 77,203
330-930.82 Improvements other than buildings $481,903
334-391.10 Transfer In $559,106
334-391.20 Transfer to CIP $282,862
338-391.20 Transfer to CIP $276,244
PASSED, APPROVED, AND ADOPTED THE 18TH DAY OF May, 1999.
/A11;----;
Mayor
ATTEST
Au AI
t Clerk
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, JO PURCELL, City Clerk if the City of Rancho Palos Verdes, hereby
certify that the above Resolution 99-35 was duly and regularly passed and
adopted by the said City Council at a regular meeting thereof held on May 18,
1999.
1P 120
C't Clerk
-2- Resol. 99-35
MAR ECO R DSlpvicbudget.resol99-35.doc