CC RES 1998-061 RESOLUTION NO. 98- 61
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
CAPITAL IMPROVEMENT PROJECT 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 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, the original FY 1998-99 budget included a total funding of$1,270,000 in
the Capital Improvement Program (CIP) for the FY 1998-99 Overlay Program, and
WHEREAS, certain improvements other than building costs will cause total fiscal year
1998-99 expenditures in the Capital Improvement Project Fund to exceed the amount
budgeted ; and
WHEREAS, funds in excess of$120,000 are available in the Capital Improvement
Fund, Unreserved Balance; and
WHEREAS, the City Council desires that the fiscal year 1998-99 budget appropriation
in the Capital Improvement Project Fund be increased by $120,000.00
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
The following adjustment be made to the fiscal year 1998-99 Capital Improvement
Project Fund budget:
Improvements Other Than Buildings 330-930-82 increase by $120,000
PASSED, APPROVED, AND ADOPTED THE 16TH DAY OF JUNE, 1998.
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ATTEST:
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C TY 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. 98-61 was duly and regularly passed and adopted by
the said City Council at regular meeting therefore held on June 16, 1998.
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