CC RES 1996-032RESOLUTION NO. 96 -32
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF 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 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, it is advantageous to the City to allocate additional funds to
construct the FY 95 -96 street overlay program which includes a large number of streets
from the FY 96 -97 program; 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 $131,935
and increase improvements other than buildings in the Capital
Improvement Projects (CIP) Fund account (330 -930- 530- 00 -82) an
additional $131,935.
PASSED, APPROVED, AND ADOPTED THE 21 st DAY OF MAY 1996.
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ATTEST: '
Cl 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. 96 -32 was duly and regularly passed and adopted by the
said City Council at a regular meeting thereof held on May 21, 1996.
d
CITY CLER , CITY OF RANCHO PA%LOS VERDES
Resol. No. 96 -32
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