CC RES 1996-067RESOLUTION NO. 96 -67
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES AMENDING RESOLUTION NO 96 -381
THE BUDGET APPROPRIATION FOR FISCAL YEAR 1996 -97
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 June 4, 1996, the City of Rancho Palos Verdes adopted Resolution 96-
38, approving a spending plan authorization a budget appropriation for the 1996 -97 fiscal year;
and
WHEREAS, the City Council determined that additional Professional /Technical Services
are necessary to complete the design and acquisition of right of way for a proposed sewer line, to
replace an existing facility damaged by ground movement in the vicinity of Tarapaca Road; 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:
Decrease the Unreserved General Fund Reserve by $17,000, and increase
Improvements Other Than Buildings in the Capital Improvement Projects (CIP)
Fund account (330 -930- 530- 00 -82) by $177000.
PASSED, APPROVED AND ADOPTED THE 20TH DAY OF AUGUST, 1996.
MAY R
ATTEST:
CI 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 -67 was duly and regularly passed and adopted by the said City Council
at a regular meeting thereof held on August 20, 1996.
CITY CLE
T