CC RES 2009-073 RESOLUTION NO. 2009-73
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2009-40, THE BUDGET APPROPRIATION
FOR FISCAL YEAR 2009-10, FOR A BUDGET ADJUSTMENT TO THE CITY'S CAPITAL
IMPROVEMENT 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 30, 2009, the City Council of the City of Rancho Palos Verdes adopted
Resolution 2009-40, approving a spending plan and authorizing a budget appropriation for the
2009-10 fiscal year; and
WHEREAS, restricted grant funding for a purchase of open space does not pay 100% of the
funding prior to the open space purchase; and
WHEREAS, the Capital Improvement Projects (CIP) fund has a sufficient reserve balance to
contribute the retention portion of the restricted grant funding to the open space purchase escrow
account; and
WHEREAS, once the open space purchase is complete, the retention portion of the restricted
grant monies will be re-paid to the CIP fund reserve; and
WHEREAS, this project requires the use of General Fund monies the City Council desires that
the FY 09-10 budget appropriation for General Fund and CIP fund be increased, and
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES:
The following adjustment(s) be made to the following fund(s):
Measure A Grant 339-3039-337-10-00 $ 10,913
Measure A Capital Transfer Out 339-3039-491-91-00 $ 10,913
CIP Open Space Improvements-Transfer In 330-3033-391-10-00 $ 10,913
CIP Open Space Grant 330-3033-334-10-00 $220,000
CIP Misc Contributions 330-3033-369-10-00 $5,950,000
CIP Open Space Land Purchase 330-3033-461-71-00 $6,600,000
PASSED, APPROVED, AND ADOPTED THIS 15th DAY OF SE- BER 2
Mayor
ATTEST:
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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. 2009-73 was duly and regularly passed and adopted by the said City Council at a
regular meeting thereof held on September 15, 2009.
JJ4di/
City Clerk