CC RES 1998-023 RESOLUTION NO. 98-23
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES AMENDING RESOLUTION 97-55,
THE BUDGET APPROPRIATION FOR FISCAL YEAR 1997-
98, FOR A BUDGET ADJUSTMENT TO THE CITY'S CAPITAL
IMPROVEMENT PROJECT AND QUIMBY FUNDS
WHEREAS, Section 3.32 of the Rancho Palos Verdes Municipal Code provides that all
expenditures in excess of budgeted allocations must be by supplemental appropriation of
the City Council: and
WHEREAS, on June 17, 1997 the City Council of the City of Rancho Palos Verdes
adopted Resolution 97-55, approving a spending plan and authorizing a budget
appropriation for the 1997-98 fiscal year: and
WHEREAS, certain Professional/Technical and Improvements Other Than Buildings costs
will cause total fiscal year 1997-98 expenditures in the Capital Improvement Projects to
exceed the amount budgeted; and
WHEREAS, the City Council desires that the fiscal year 1997-98 budget appropriation be
increased as follows:
Capital Improvement Projects Fund:
Professional/Technical Services #330-930-35 $32,000
Improvements Other Than Buildings #330-930-82 $14,000
WHEREAS, the City Council desires that a fund transfer be made from the Quimby Fund
to the Capital Improvement Program Fund in the amount of$46,000; and
Quimby Fund:
Transfer to CIP Fund #330-391.20 $46,000
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following increase be made to the fiscal year 1997-98 Capital Improvement Project
Fund budget:
Capital Improvement Project Fund:
Professional/Technical Services #330-930-35 $32,000
Improvements Other Than Buildings #330-930-82 $14,000
The following transfer be increased in the fiscal year 1997-98 Quimby Fund budget:
Quimby Fund:
Transfer to CIP Fund #330-391.20 $46,000
PASSED, APPROVED, AND ADOPTED THE 7TH DAY OF APRIL, 1998.
Sr. MAYOR
AT EST:
CITY 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. 98-23 was duly and regularly passed and adopted by the said City
Council at regular meeting thereof held on April 7, 1998. ,.
t
t
CITY CLERK
CITY OF RA‘,CHO PALOS VERDES
Reso l. No. 98-23
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