CC RES 1998-051 RESOLUTION NO. 98-51
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF RANCHO PALOS VERDES AMENDING RESOLUTION
98-47, THE BUDGET APPROPRIATION FOR FISCAL
YEAR 1998-99, FOR A BUDGET ADJUSTMENT TO THE
CITY'S CIP AND RECYCLING 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 3, 1998 the City Council of 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 capital improvement costs will cause total fiscal year 1998-99
expenditures in the Capital Improvement Program to exceed the amount budgeted; and
WHEREAS, these additional expenditure amounts will be transferred in to the CIP
Fund from the Recycling Fund; and
WHEREAS, the City Council desires that the fiscal year 1998-99 budget
appropriation and estimates of revenues be increased as follows:
CIP Fund:
Transfer In 330-391-10 $30,000
Improvements Other Than Buildings 330-930-82 $30,000
Recycling Fund:
Transfer Out 112-391-20 $30,000
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES;
The following revenue and appropriation increases be made to the fiscal year 1998-99
budget:
CIP Fund:
Transfer In 330-391-10 $30,000
Improvements Other Than Buildings 330-930-82 $30,000
Recycling Fund:
Transfer Out 112-391-20 $30,000
PASSED, APPROVED, AND ADOPTED THE 16TH DAY OF JUNE, 1998.
ditd,Qiuyie,Ati„
MAYOR
ATTEST:
1. f
I 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. 98-51 was duly and regularly passed and adopted by the said City
Council at regular meeting thereof held on June 16, 1998. s
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CI CLERK
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Resol . No. 98-51
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