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CC RES 2011-032A RESOLUTION NO. 2011-32A A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, AMENDING RESOLUTION NO. 2010-55, THE BUDGET APPROPRIATION FOR FISCAL YEAR 2010-2011, FOR A BUDGET ADJUSTMENT TO THE CITY'S CAPITAL IMPROVEMENTS PROJECTS 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 June 15, 2010, the City Council of the City of Rancho Palos Verdes adopted Resolution 2010-55, approving a spending plan and authorizing a budget appropriation for the 2010-11 fiscal year; and WHEREAS, the City experienced strong storms in 2004-2005, resulting in needed repairs in a number of locations including Hesse Park, Abalone Cove Shoreline Park Parking Lot, and the Old Burma Road; and WHEREAS, the City received $173,619 in small project disaster related funding from the Federal Emergency Management Agency (FEMA) and the California Emergency Management Agency (Cal EMA); and WHEREAS, upon completion of a review of the federal and state applications, accounting and related records, it has been determined that City has to repay a total of$59,221 to FEMA and Cal EMA; and WHEREAS, the City has established a Capital Improvement Projects Fund Reserve in the event repayments are required for funds received for FY 04-05 winter storm damage. NOW BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: The following adjustment to appropriations is made, as follows: CAPTIAL IMPROVEMENT PROJECTS FUND: Administration 330-3030-461-69-00 Miscellaneous Expenditures $59,221 PASSED, APPROVED, AND ADOPTED THIS 17th DAY OF MA , Mayor ATTEST: ' 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. 2011-32A was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on May 17, 2011. City Clerk