CC RES 1995-099RESOLUTION NO. 95 -99
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
RANCHO PALOS VERDES AMENDING RESOLUTION NO.
95 -50, THE BUDGET APPROPRIATION FOR FISCAL
YEAR 1995 -96, FOR A BUDGET ADJUSTMENT TO THE
CITY'S CAPITAL PROJECTS 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 May 16, 1995, the City of the Rancho Palos Verdes
adopted resolution 95 -50, approving a spending plan and authorizing
a budget appropriation for the 1995-96 fiscal year; and
WHEREAS, the Civic Center Drainage project is necessary to the
protection of the Palos Verdes Drive South and the surrounding
area; 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 Capital Projects Fund
Budget:
1. Decrease the Capital Improvement Projects fund balance by
$60,125 and increase improvements other than buildings in the
Capital Improvement Projects Fund account (330- 930 - 560- 30 -82)
an additional $60,125.
PASSED, APPROVED, AND ADOPTED THE 8TH DAY OF NOVEMBER, 1995.
T TTLm 0 T
State of California
County of Los Angeles
City of Rancho Palos Verdes
ss
MAYOR
I, JO PURCELL, City Clerk of the City of Rancho Palos Verdes,
hereby certify that the above Resolution No. 95 -99 was duly and
regularly passed and adopted by the said City Council at a regular
meeting thereof held on November 8, 1995.
CITY CL RK
-2- Resol. No. 95 -99