CC RES 1996-082RESOLUTION NO. 96 -82
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OFRANCHO PALOS VERDES AMENDING RESOLUTION NO.
96 -38, THE BUDGET APPROPRIATION FOR FISCAL YEAR
1996 -979 FOR BUDGET ADJUSTMENTS FOR TRANSFERS
TO THE REDEVELOPMENT AGENCY AND MAINTENANCE
AUTHORITY
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 4, 1996, the City Council of the City of Rancho Palos Verdes
adopted resolution 96 -38, approving a spending plan and authorizing a budget
appropriation for the 1996 -97 fiscal year; and
WHEREAS, the City Council wishes to revise the amount of a loan to the
Redevelopment Agency and transfer to the Maintenance Authority; and
WHEREAS, an authorization to revise the budgeted appropriations is necessary for
these items.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
That the following adjustment be made to the budget:
Decrease the General Fund Transfer to the RDA by $150,000.
Increase the General Fund Transfer to the Maintenance Authority - Portuguese Bend by
$441000.
PASSED, APPROVED, AND ADOPTED THE 17TH DAY OF SEPTEMBER, 1996.
M Y VM
State of California
County of Los Angeles
City of Rancho Palos Verdes
ss
I, JO PURCELL, City Clerk of the City of Rancho Palos Verdes, hereby certify that
the above Resolution No. 96- 82 was duly and regularly passed and adopted by the said
City Council at a regular meeting thereof held on Ser0te mber 1*' 1996.
CITY C.lERf(