CC RES 2008-020 RESOLUTION NO. 2008-20
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 APPROPRIATIONS IN THE GENERAL FUND, THE
CAPITAL IMPROVEMENT PROJECTS FUND, THE BIKEWAYS FUND, THE
DEVELOPMENT IMPACT MITIGATION (ENVIRONMENTAL EXCISE TAX) FUND,
THE WATER QUALITY FLOOD PROTECTION FUND, THE STREET MAINTENANCE
FUND, THE PROPOSITION C FUND, THE DR. ALLEN AND CHARLOTTE
GINSBERG CULTURAL ARTS BUILDING FUND, AND THE EMPLOYEE BENEFITS
FUND OF THE CITY.
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, certain FY07-08 revenues, expenditures and operating transfers, as
described below, are expected to deviate from the amount budgeted; and
WHEREAS, the City Council desires that the FY07-08 budget be adjusted.
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:
General Fund Revenue Adjustments:
Taxes #101-6000-318-10-00 Property Transfer Tax $ 30,000
Taxes #101-6000-313-10-00 Sales Tax $ (65,000)
Taxes #101-6000-317-50-00 Cable Franchise Tax $ 21,000
Taxes #101-6000-317-40-10 Refuse Franchise Tax $ 26,000
Taxes #101-6000-317-20-00 Electricity Franchise Tax $ 30,000
Taxes #101-6000-315-20-10 Electricity Utility Users' Tax$ 80,000
Permits #101-4001-322-10-00 Planning Permits $ (75,000)
Fines & Forfeitures #101-1021-351-10-00 Miscellaneous Court Fines$ 70,000
Use of Property #101-5060-364-10-30 PVIC Rental Income $ 55,000
State Grants #101-3006-334-10-00 Office of Traffic Safety $ (57,700)
Intergovernmental #101-6000-335-10-00 Vehicle License Fees $ (74,000)
General Fund Expenditure Adjustments:
Information Technology #101-2030-411-43-00 Maintenance $ (38,600)
Information Technology #101-2035-411-43-00 Phone Service $ (18,000)
City Clerk #101-1004-411-32-00 Pro/Tech Services $ 12,000
Personnel #101-1011-411-32-00 Pro/Tech Services $ 25,000
Public Works #101-3001-431-11-00 Full-time Salary $ (59,070)
Public Works #101-3001-431-29-00 Employee Benefits $ (22,365)
Planning #101-4001-441-11-00 Full-time Salary $ (59,070)
Planning #101-4001-441-29-00 Employee Benefits $ (22,365)
Code Enforcement #101-4003-441-11-00 Full-time Salary $ (23,000)
View Restoration #101-4004-441-11-00 Full-time Salary $ (32,000)
Parks & Trail Maintenance #101-3009-431-43-00 Weed Abatement $ (25,000)
Point Vicente Interpretive #101-5060-451-12-00 Part-time gages $ 18,000
Public Works #101-3001-431-13-00 Overtime wages $ 23,000
Traffic Management #101-3006-431-73-00 Equipment $ k57,700)
General Fund Transfer. Adjustments:
Transfers Out #101-6000-491-91-00 to CIP fund $ (18,000)
Transfers Out #101-6000-491-91-00 to Building Replace $ (53,275)
Capital Improvement Projects (CIP) Fund Adjustments:
State Grants #330-3031-334-10-00 Proposition 1B $693,105
Transfers In #330-3031-391-10-00 From General fund $ (18,000)
Transfers In #330-3031-391-10-00 From Proposition C fund $972,743
Transfers In #330-3031-391-10-00 From Bikeways fund $ 56,104
Bikeways Fund Adjustments:
Local Grants #340-3040-337-10-00 TDA Article 3 from RH $ 10,501
Transfers Out #340-3040-491-91-00 to CIP fund $ 56,104
Development Impact Mitigation (Environmental Excise Tax) Fund Adjustments:
Developer Fees #338-3038-366-10-00 from Terranea $ 575,366
Developer Fees #338-3038-366-10-00 from Crestridge $(120,000)
Water Quality Flood Protection Fund Adjustment:
Use of Money #501-3052-361-10-00 Interest Earnings $300,000
Street Maintenance Fund Adjustment:
Portuguese Bend #202-3005-431-43-00 Road Maintenance $ 40,000
Proposition C Fund Adjustments:
Use of Money #215-3015-361-10-00 Interest Earnings $ 45,000
Transfers Out #215-3015-491-91-00 to CIP fund $972,743
Dr. Allen and Charlotte Ginsberg Cultural Arts Building Fund Adjustments:
Donations #227-3027-365-90-00 Restricted $500,000
Use of Money #227-3027-361-10-00 Interest Earnings $ 12,000
Expenditures #227-3027-431-73-00 Improvements $ 25,000
Community Development Block Grant (CDBG) Fund Adjustment:
Grant Revenue #310-3093-331-10-00 ADA Compliance $ 63,793
Building Replacement Fund Adjustment:
Transfers In #685-1015-361-10-00 from General fund $ (53,275)
Employee Benefits Fund Adjustment:
Use of Money #685-1015-361-10-00 Interest Earnings $ 11,500
Resolution No. 2008-20
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PASSED, APPROVED, AND ADOPTED THE 4th DAY OF MAOO:
4119 Itb
May.
ATTEST:
2/zalt— // 1
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. 2008-20 was duly and regularly passed and adopted by the said
City Council at regular meeting thereof held on March 4, 2008.
1
i
/r,
City Clerk
Resolution No. 2008-20
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