CC RES 1990-089RESOLUTION N0, 90 -89
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF RANCHO PALOS VERDES AMENDING RESOLUTION NO,
90 -531 THE BUDGET APPROPRIATION FOR FISCAL
YEAR 1990 -91
WHEREAS, on April 17, 1990, the City Council enacted
Ordinance No. 255, which provides that all expenditures in excess
of budgeted allocations must be by supplemental appropriation of
the City Council; and
WHEREAS, on June 19, 1990, the City Council of the City
of Rancho Palos Verdes adopted Resolution 90 -53, approving a
spending plan and authorizing a budget appropriation for the
1990 -91 fiscal year; and
WHEREAS, since that time, additional expenditures have
been identified in the Capital Projects Program which are in ex-
cess of amounts identified in that spending plan.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES:
1, That the appropriation in the following
fund /program be amended as follows:
Increase appropriation in the Proposition A Fund (116-
316-25) by $2,0009 Increase will be funded from the Proposition
A Fund's unappropriated reserve,
2. The amended program /fund budgets will now show the
following as their budget appropriation for fiscal year 1990 -91:
Proposition A Fund
$819,730
3. The appropriation increase will result in the es-
timated June 30, 1991 fund balance in the Capital Projects -
Proposition A Fund to be reduced to $845,714.
ber, , 19 90.
ATTEST:
c Clerk
t
PASSED, APPROVED, AND ADOPTED THIS 20TH Day of Novem-
Ile
a or
State of California
County of Los Angeles
City of Rancho Palos Verdes
I , JO PURCELL, City
Verdes, hereby certify that
duly and regularly passed a
a regular meeting thereof h
ss
Clerk of the City of Rancho Palos
the above Resolution No. 90 -89 was
nd adopted by the said City Council at
eld on November 20, 1990,
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iY F
City Q erk
City ou Rancho Palos Verdes