CC RES 1998-052 RESOLUTION NO. 98-52
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES AMENDING RESOLUTION 97-55,
THE OPERATING BUDGET FOR FISCAL YEAR 1997-98, TO
TRANSFER FUNDS FROM THE GENERAL FUND TO THE
IMPROVEMENT AUTHORITY'S PORTUGUESE BEND FUND
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 No. 97-55, approving a spending plan and authorizing a
budget appropriation of the 1997-98 fiscal year; and
WHEREAS, the City Council desires that a fund transfer be made from the
General Fund to the Improvement Authority's Portuguese Bend fund in the amount of
$55,000; and
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
The following transfer be made from the General Fund to the Improvement
Authority's Portuguese Bend fund:
001-391.20 Transfer Out $55,000
PASSED, APPROVED, AND ADOPTED THE 16TH DAY OF JUNE, 1998.
MAYO'
AT EST:
CI i 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. 98-52 was duly and regularly passed and adopted by
the said City Council at a regular meeting thereof held on June 16, 1998.
CITY 1 ERK
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