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CC RES 2011-054 RESOLUTION NO. 2011-54 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, AMENDING RESOLUTION 2011-44, THE BUDGET APPROPRIATION FOR FISCAL YEAR 2011-12, FOR A BUDGET ADJUSTMENT TO THE CITY'S COMMUNITY DEVELOPMENT BLOCK GRANT FUND PROGRAM. WHEREAS, Section 3.32 of the Rancho Palos Verdes Municipal Code provides that all expenditures in excess of budgeted allocations must be made by supplemental appropriation of the City Council; and WHEREAS, on June 21, 2011, the City Council of the City of Rancho Palos Verdes adopted Resolution 2011-44, approving a spending plan and authorizing a budget appropriation for the 2011-12 fiscal year; and WHEREAS, the City of Rancho Palos Verdes desires that the budget appropriation for the FY 2011-12 Community Development Block Grant (CDBG) program be increased; and WHEREAS, a budget increase in the Community Development Block Grant Program is necessary to authorize the expenditure of additional funds for grants/loans through the Home Improvement Program; BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: • The following adjustments shall be made to the following CDBG funds: Home Improvement Program-Grant Income 310-3092-331-10-00 $25,732 Home Improvement Program-Prof/Technical 310-3092-461-32-00 $25,732 PASSED, APPROVED, AND ADOPTED THIS 19th DAY OF July, 0 1. tif 1...alli _ __,- - Mayor ATT ST: (',,e14 &— 1 , / City Clerk State of California ) County of Los Angeles )ss City of Rancho Palos Verdes ) I, Carla Morreale, City Clerk of The City of Rancho Palos Verdes, hereby certify that the above Resolution No. 2011-53 was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on July 19, 2011. (7, I i ' y City Clerk