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CC RES 1991-058RESOLUTION NO. 91 - 58 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES AMENDING RESOLUTION NO, 91 -33, THE BUDGET APPROPRIATION FOR FISCAL YEAR 1991 -92, 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 5, 1991, the City Council of the City of Rancho Palos Verdes adopted Resolution 91 -33, approving a spending plan and authorizing a budget appropriation for the 1991 -92 fiscal year; and WHEREAS, on August 6, 1991 City Council determined to install and evaluate the effectiveness of traffic improvements on Crest Road near Lucania /Starline Drives; and WHEREAS, City Council proposed a transfer of funds from the Recycling Fund to the Traffic Safety Fund to fund the installation of these improvements. BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: That the following adjustment be made to the 1991 -92 City budget: (1) Increase the appropriation in the Traffic Safety Fund budget (104- 304 - 530.33) by $15,0000 (2) Authorize a transfer of $15,000 from the Recycling Fund (112- 000-391.20) to the Traffic Safety Fund (104- 000 - 391.10) to fund these expenditures. PASSED, APPROVED, AND ADOPTED THE 3 A ST: Ci Clerk State of California County of Los Angeles ) ss City of Rancho Palos Verdes ) DAY Off' /�$EPTEMBER, 1991. MAY I, JO PURCELL, City Clerk of The City of Rancho Palos Verdes, hereby certify that the above Resolution No. 91 - 58 was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on ptember 3, 1991, CITY CLERK, � CITY OF RANCHO PALOS VERDES J