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CC RESOLUTION 3418RESOLUTION NO. 3418 A RESOLUTION OF THE CITY COUNCIL OF THE It CITY OF EL SEGUNDO, CALIFORNIA, GIVING THE DIRECTOR OF FINANCE LIMITED AND TEMPORARY AUTHORITY TO EXPEND FUNDS OF THE CITY PENDING APPROVAL OF THE 1986 -87 CITY BUDGET. WHEREAS, the City Council on July 1, 1986, adopted Reso- lution No. 3400, granting interim expenditure authority until such time as a budget is adopted, but no later than August 31, 1986; and WHEREAS, the 1986 -87 budget will not be adopted before August 31, 1986 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, 48 CALIFORNIA, DOES RESOLVE AS FOLLOWS: SECTION 1. The Director of Finance is hereby authorized to expend general purpose funds of the City for the purpose of paying ongoing expenses of the City until such time as a budget is adopted by the City Council, but no later than October 31, 1986. 0 SECTION 2. The level of such expenditures and authorization is limited to the 1985 -86 level of appropriations previously approved by the City Council, SECTION 3. The City Clerk shall certify to the passage and adoption of this resolution; shall enter the same in the book of original resolutions of said city; and shall make a minute of the passage and adoption thereof in the records of the proceedings of the City Council of said city, in the minutes of the meeting at which the same is passed and adopted. PASSED, APPROVED and ADOPTED this 19th day of August r 1986. (SEAL) e airy or ti �egunao, California. as E 0 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF EL SEGUNDO ) I, Ronald L. Hart, City Clerk of the City of E1 Segundo, California, DO HEREBY CERTIFY that the whole number of members of the City Council of the said City is five; that the foregoing resolution, being Resolution No. 3418 was duly passed and adopted by the said City Council, approved and signed by the Mayor of said City, and attested by the City Clerk of said City, all at a regular meeting of the said Council held on the 19th day of August, 1986, and that the same was so passed and adopted by the following vote: AYES: Councilmembers Anderson, Jacobson, Schuldt, West, and Mayor Siadek NOES: None ABSENT: None WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID CITY this 22nd day of August, 1986. RONALD L. HART, City Clerk of the City of E1 Segundo, California (SEAL)