CC RES 1999-061 RESOLUTION NO. 99- 61
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
CAPITAL PROJECTS AND PROPOSITION C FUND
WHEREAS, Section 3.32 of the City of Rancho Palos Verdes Municipal Code
provides that all expenditures in excess of budgeted allocations must by supplemental
appropriation of the City Council; and
WHEREAS, on June 1, 1999, the City of the Rancho Palos Verdes adopted
resolution 99-41, approving a spending plan and authorizing a budget appropriation for
the 1999-2000 fiscal year; and
WHEREAS, it is advantageous to the City to allocate additional funds to
remediate settlement of 25th Street between La Rotunda Drive and the East City Limit
(99-0048);and
WHEREAS, a budget increase in the Capital Improvement Projects Fund and
Proposition C Fund is necessary to authorize 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 adjustment be made to the following fund budgets:
1. Capital Improvement Projects Fund:
330-391.10 Transfers In $42,200
330-930.35 Professional/Technical Services $42,200
2. Proposition C Fund:
115-391.20 Transfers Out $42,200
PASSED, APPROVED, AND ADOPTED THE 3RD DAY OF AUGUST, 1999.
i//,
MAYOR
ATTEST:
AF
J
ITYCLERK
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. 99-61 was duly and regularly passed and adopted by the
said City Council at a regular meeting thereof held on August 3, 1999.
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qf CLERK
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