CC RES 1993-069RESOLUTION NO. 93 -69
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF RANCHO PALOS VERDES AMENDING RESOLUTION NO.
92 -99, THE BUDGET APPROPRIATION FOR FISCAL
YEAR 1992 -93, FOR A BUDGET ADJUSTMENT TO THE
PROPOSITION C 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 September 29, 1992, the City Council of the City
of Rancho Palos Verdes adopted Resolution 92 -99, approving a
spending plan and authorizing a budget appropriation for the 1992-
93 fiscal year; and
WHEREAS, Proposition C funding for the Palos Verdes Drive
South capital improvement project increased due to changing funding
distributions and various other minor adjustments are needed to the
approved annual budget.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
That the following adjustment be made to the 1992 -93 City
budget:
Proposition C - Public Works
Decrease the unreserved fund balance by $72,505, increase the
transfers to other funds by $70,605 and increase public works
contractor by $1,900.
PASSED, APPROVED, AND ADOPTED T_ 20TH DAY OF JULY, 1993.
YOR
ATTEST:
Citl* 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. 93 -69 was duly
and regularly passed and adopted by the said City Council at
a regular meeting thereof held on July 20, 1993.
CITY CLERK, CI OF-RANCHO PALOS VERDES