CC RES 2008-007 RESOLUTION NO. 2008-07
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2007-70, THE BUDGET APPROPRIATION
FOR FY07-08, TO ADJUST THE CAPITAL IMPROVEMENT PROJECTS FUND
BUDGET
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 19, 2007, the City Council of the City of Rancho Palos Verdes
adopted Resolution 2007-70, approving a spending plan and authorizing a budget
appropriation for FY07-08: and
WHEREAS, the City Council desires to secure FY07-08 state Proposition 1B funding
and make a corresponding increase to the FY07-08 arterial overlay appropriation;
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
The following adjustments are made to the FY07-08 budget:
Increase the Capital Improvement Projects fund budget as follows:
Street 330-3031-334-10 State Funding Grant $693,105.48
Improvements
Street 330-3031-461-73 Arterial Overlay $693,105.48
Improvements
PASSED, APPROVED, AND ADOPTED the 29th day of Janu: M ,008.
016
Mayor
ATTEST:
k sJ`
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. 2008-07 was duly and regularly passed and adopted by the said
City Council at regular meeting thereof held on January 29, 20 8.
City Clerk