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CC RES 2008-014 RESOLUTION NO. 2008-14 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES,AMENDING RESOLUTION 2007-70, THE BUDGET APPROPRIATION FOR FISCAL YEAR 2007-08, FOR A BUDGET ADJUSTMENT TO THE CITY'S WATER QUALITY AND FLOOD PROTECTION PROGRAM. 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 the 2007-08 fiscal year; and WHEREAS, it is necessary for the City to allocate funds for the rehabilitation of the Mossbank storm drain system; and WHEREAS, a budget increase in the Water Quality and Flood Protection Program is necessary to authorize the expenditure of funds for the needed construction; BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: The following adjustments be made to the following funds: WQFP 501-3052-431-73-00 Improvements $38,000 PASSED, APPROVED, and ADOPTED this 4th day of March, 2008. III 1 ii*k May,,r ATTEST: geldgt-- ' /7 4 City Clerk State of California ) County of Los Angeles )ss City of Rancho Palos Verdes ) I, Carla Morreale, the City Clerk of the City of Rancho Palos Verdes, hereby certify that the above Resolution No. 2008-14 was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on March 4, 2008. _1(/Cig--- /7' 4 City Clerk •