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CC RES 1995-034RESOLUTION NO. 95 -34 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 VARIOUS CITY ACCOUNTS FOR STORM RELATED EXPENSES 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 was hit by a second series of severe winter storms in February -March 1995; and WHEREAS, the City immediately responded to the disaster and continues to make disaster related repairs; and WHEREAS, the costs for storm related response and repair activity will exceed the funds available in the approved FY 1994 -95 annual budget and an increase in various City accounts is necessary to make funds available for storm related costs. BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: That the FY 1994 -95 Annual Budget be amended as follows: That the General Fund unreserved balance be reduced $23,500 and the following General Fund accounts be increased: 230 -39 Professional and Consulting Services $13,000 301 -13 Salary and Wages - Overtime 500 301 -39 Professional and Consulting Services 10,000 That the 1972 Act unreserved fund balance be reduced $8,000 and the following 1972 Act Fund accounts be increased: 303 -29 Landscape Services 81000 That the Gas Tax unreserved fund balance be reduced $104,500 and the following Gas Tax Fund accounts be increased: 302 -30 Street Maintenance 591500 302 -50 Operating Supplies 3,000 305 -30 Street Maintenance 42,000 That the Capital Improvement Program unreserved fund balance be reduced $64 g, 000 and the f ollowing Capital Improvement Program accounts be increased: 930-39 Professional and consulting Services $50,000 930-82 Improvements Other Than Buildings $14,000 PASSED, APPROVED, AND ADOPTED THE 18TH DAY OF APRIL, 19959 MAYbR % 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, 95-34 was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on April 18, 19950 CITY CLERK -2- Resol . No. 95-34