CC RES 2008-114 RESOLUTION NO. 2008-114
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2008-47, THE BUDGET APPROPRIATION
FOR FY08-09, 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 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 FY08-09: and
WHEREAS, the City Council desires to secure FY08-09 state Proposition 1B funding
and make a corresponding increase to the FY08-09 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 FY08-09 budget:
Increase the Capital Improvement Projects fund budget as follows:
Street 330-3031-334-10 State Funding Grant $640,620.41
Improvements
Street 330-3031-461-73 Arterial Overlay $640,620.41
Improvements
PASSED, APPROVED, AND ADOPTED this 2nd day of D- ember 2008.
eeill47
Mayor
ATTEST:
(741, 29/Mt -C.
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. 2008-114 was duly and regularly passed and adopted by the said
City Council at regular meeting thereof held on December 2, 2008.
727'4JAL-
Lel
City Clerk