CC RES 2008-098 RESOLUTION NO. 2008-98
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2008-47, THE BUDGET APPROPRIATION
FOR FISCAL YEAR 2008-09, FOR A BUDGET ADJUSTMENT TO THE CITY'S CAPITAL
IMPROVEMENT PROJECTS AND PROP C FUNDS.
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 17, 2008, the City Council of the City of Rancho Palos Verdes adopted
Resolution 2008-47, approving a spending plan and authorizing a budget appropriation for
the 2008-09 fiscal year; and
WHEREAS, it is necessary for the City to allocate additional funds to [increase the scope of
work for the design and construction of the arterial road rehabilitation project; and
WHEREAS, a budget increase in the Street Improvements Program is necessary to
authorize the expenditure of additional funds for arterial road rehabilitation project.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following adjustments be made to the following funds:
Prop C 215-3015-491-91-00 Transfer Out $1,200,000
Prop C 330-3031-391-10-00 Transfer In $1,200,000
Street Improvements 330-3031-461-73-00 Improvements $1, 11 000
PASSED, APPROVED, AND ADOPTED this 21 st day of October, ■08.
Mayor
ATTEST:
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. 2008-98 was duly and regularly passed and adopted by the said City
Council at a regular meeting thereof held on October 21, 2008.
i /f
City Clerk
Resolution No. 2008-98
Page 1 of 1