CC RES 1997-112RESOLUTION NO. 97 -112
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
RANCHO PALOS VERDES AMENDING RESOLUTION NO.
97 -55, THE BUDGET APPROPRIATION FOR FISCAL YEAR
1997 -98, FOR A BUDGET ADJUSTMENT TO THE CITY'S
CAPITAL PROJECTS AND LIGHTING AND LANDSCAPE
FUND
WHEREAS, Section 3.32 of the City of Rancho Palos Verdes Municipal Code
provides that all expenditures in excess of budgeted allocations must be a
supplemental appropriation of the City Council; and
WHEREAS, on June 17, 1997, the City of the Rancho Palos Verdes adopted
resolution 97 -54, approving a spending plan and authorizing a budget appropriation for
the 1997 -98 fiscal year; and
WHEREAS, it is advantageous to the City to allocate additional funds to
construct the street improvements Federal project STPL -5413 (002) and City project
9720 (Palos Verdes Drive East -Colt to Ganado (9720 & 21) and Montemalaga - Silver
Spur to the West City limit (9722));and
WHEREAS, an increase in the Capital Projects Fund is necessary to authorize
the expenditure of additional funds for the project.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
That the following adjustment be made to the following fund budgets:
1. Decrease the Street Improvement /Transit (Proposition C) fund balance by
$188,517 and increase improvements other than buildings in the Capital
Improvement Projects (CIP) Fund account (330 -930- 530- 00 -82) an additional
$1887517.
2. Decrease the Landscape &Street Lighting fund balance by $ 64,054 and
increase improvements other than buildings in the Capital Improvement Projects
(CIP) fund account (330 -930- 530- 00 -82).
3. Increase the appropriation to the City's Capital Improvement Project fund
account (330 -930- 560- 21 -82) to include anticipated revenues from the City of
Rolling Hills of $9,508 of Proposition C funds and $24,386 of Federal STP
(ISTEA) funds for a total increase of $33,894.
PASSED, APPROVED, AND ADOPTED THE 16TH DAY OF DECEMBER, 1997.
MAYOR
ATTEST:
Cyy 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 -112 was duly and regularly passed and adopted by
the said City Council at a regular meeting thereof held on December 16, 1997.
CITY C RK
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