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CC RES 1993-103RESOLUTION NO. 93 -103 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES AMENDING RESOLUTION NO. 93 -44, THE BUDGET APPROPRIATION FOR FISCAL YEAR 1993 -94, FOR A BUDGET ADJUSTMENT TO THE PROPOSITION A 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 May 18, 1993, the City Council of the City of Rancho Palos Verdes adopted Resolution 93 -44, approving a spending plan and authorizing a budget appropriation for the 1993 -94 fiscal year; and WHEREAS, Proposition A funding for the Municipal Area Express (MAX) commuter bus service needs to be increased to meet the MAX FY 1993 -94 budget contribution requirement. BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: That the following adjustment be made to the FY 1993 -94 City budget: Proposition A - Public Works Decrease the unreserved fund balance by $12,700 and increase the miscellaneous contractual services by $12,700. PASSED, APPROVED, ATTEST: City Clerk AND ADOPTED THE 3RD DAY OF NOVEMBER, 1993, MAYOR 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 -103 was duly and regularly passed and adopted by th said City Council at a regular meeting thereof held qni Nov. er 3, 1993. CITY CLERK, CIM OF RANCHO PALOS VERDES