CC RES 1997-034RESOLUTION NO. 97 -34
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES AMENDING RESOLUTION 96 -37,
THE BUDGET APPROPRIATION FOR FISCAL YEAR 1996-
97, FOR A BUDGET TRANSFER FROM THE CITY'S
LANDSCAPE AND STREET LIGHTING (1972 ACT) FUND TO
THE CAPITAL IMPROVEMENT PROGRAM (CIP) 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 4, 1996, the City Council of the City of Rancho Palos
Verdes adopted Resolution 96 -37, approving a spending plan and authorizing a budget
appropriation for the 1996 -97 fiscal year, and
WHEREAS, the original FY 96 -97 budget included a transfer of $70,000 from the
Recycling fund to the Capital Improvement Program (CIP) fund to pay for the cost of the
PVDW median landscape improvement project, and
WHEREAS, the City Council desires that a $55,000 transfer from the Landscape
and Street Lighting (1972 Act) fund be made to the CIP fund, rather than a transfer of
$70,000 from the Recycling fund to the CIP fund.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
The following adjustments to be made to the fiscal year 1996 -97 Budget:
return $70,000 previously transferred from the Recycling fund to the CIP fund,
back to the Recycling Fund; and
transfer $55,000 from the Landscape and Street Lighting fund to the CIP fund.
PASSED, APPROVED, AND ADOPTED THE 6TH DAY OF MAY, 1997.
ATTEST:
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. 97 -34 was duly and regularly passed and adopted by the
said City Council at regular meeting therefore held on May 6, 1997.
,rk
Rancho Palos Verdes
Resolution No. 97 -34
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