CC RES 1995-016RESOLUTION NO. 95 -16
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES AMENDING RESOLUTION NO. 94 -47, THE BUDGET
APPROPRIATION FOR FISCAL YEAR 1994 -95, FOR A BUDGET
ADJUSTMENT TO THE RECYCLING FUND
WHEREAS, Section 3.32 of the Rancho Palos Verdes Municipal
Code provides that all expenditures in excess of budgeted
allocations must be by supplemental appropriation of the City
Council; and
WHEREAS, on June 21, 1994, the City Council of the City of
Rancho Palos Verdes adopted Resolution 94 -47, approving a spending
plan and authorizing a budget appropriation for the 1994 -95 fiscal
year; and
WHEREAS, the City Council would like to increase the FY 1994-
95 Recycling Beautification Grant budget by- $91000 to $34,000; and
WHEREAS, the City received an unanticipated State grant for
$4,000 for its curbside recycling program which the City Council
would like to apply to the recycling grant program; and
WHEREAS, the City Council authorized the transfer of $5,000
from their General Fund contingency account to apply to the
recycling beautification grant program; and
WHEREAS, an increase in the Recycling Fund is necessary to
authorize the expenditure of additional funds for this project.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
That the following adjustments be made to the 1994 -95 City budget:
1. Transfer $5,,000 from the City Council Contingency account
(130-75) to the Recycling Fund (312).
2. Increase Recycling Fund grant revenue by $4,000 and increase
City Grant expenditures (312 -68) by $9,0000
PASSED, APPROVED, AND ADOPTED THE 7TH DAY OF FEBRUARY, 1995.
MXYO'R
ATTES
CITY CLERK
DEPUTY
State of California
County of Los Angeles ) ss
City of Rancho Palos Verdes
I, JO PURCELL, City Clerk of The City of
hereby certify that the above Resolution No
regularly passed and adopted by the said City
meeting thereof held on February 7, 1995.
Deputy
Rancho Palos Verdes,
9,5-16 was duly and
Council at a regular
City Clerk