CC RES 2008-010 RESOLUTION NO. 2008-10
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2007-70, THE BUDGET APPROPRIATION
FOR FY07-08, TO AMEND THE GENERAL FUND REVENUE BUDGET
WHEREAS, on June 19, 2007, the City Council of the City of Rancho Palos Verdes adopted Resolution 2007-
70, approving the City's budget for FY07-08: and
WHEREAS, the City is expected to receive additional property tax revenue, franchise tax revenue, permit
revenue and interest earnings based on actual FY06-07 results and current information;
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES:
The following adjustments are made to FY07-08 budgeted revenue:
Increase the General fund revenue budget as follows:,
Property Tax #101-6000-311-10-00 $137,000
Property Tax in Lieu of VLF #101-6000-311-10-00 $102,000
Property Tax in Lieu of Sales Tax #101-6000-311-10-00 $ 12,800
Franchise Tax #101-6000-317-XX-00 ', : .00
Building Permits #101-4002-323-20-00 '.300,061
Interest Earnings #101-6000-361-10-00 ',180,001'
PASSED, APPROVED, AND ADOPTED THE 29th day of January 2008.
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Mayor
ATTEST:
L1t'
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.
2008-10 was duly and regularly passed and adopted by the said City Council at regular eeting thereof held on
January 29, 2008.
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City Clerk