CC RES 1994-089RESOLUTION NO. 94 -89
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 EMPLOYEE BENEFITS 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 approved budget did not include a line item in
the Employee Benefits Fund to fund an incentive pay program and the
actual cost for this program is $19,000; and
WHEREAS, an increase in'the Employee Benefits Fund is
necessary to authorize the expenditure of additional funds for
this project.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES DOES RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1: Increase in the Employee Benefits Fund line item
(785 -385- 510- 00 -18) by $19,000 and decrease the fund balance by
$19,0000
PASSED, APPROVED AND ADOPTED on October 18, 1994.
14ayor
ATTEST:
Ci y 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. 94 -89 was duly and
regularly passed and adopted by the said City Council at a regular
meeting thereof held on October 18, 19940
City erk
City Rancho Palos Verdes