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CC RES 1994-066RESOLUTION NO, 94 -66 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 GAS TAX 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 fiscal year 1994-95 roadway maintenance contract amount is slightly higher than the approved budget and an additional contingency is needed; and WHEREAS, an increase in the Gas Tax Fund is necessary to authorize the expenditure of additional funds for roadway maintenance. 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: Increase the Gas Tax Fund budget as follows: 302 -30 Street Maintenance $ 25,000 PASSED, APPROVED, AND ADOPTED THE 16TH DAY OF AUGUST, 1994, MAYOR ATTEST. j CIT CLERK St e of California County of Los Angeles City of Rancho Palos Verdes ss 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 o August 16, 19940 CITY CLE , CITY OF RANCHO PALOS VERDES t Rancho Palos Verdes, 94 -66 was duly and Council at a regular