CC RES 2007-040 RESOLUTION NO. 2007-40
A RESOLUTION OF THE CITY COUNCIL OF THE CITY RANCHO PALOS VERDES
AMENDING RESOLUTION NO. 2006-41, THE BUDGET APPROPRIATION FOR
FISCAL YEAR 2006-2007, FOR A BUDGET ADJUSTMENT TO THE CITY'S
BUILDING REPLACEMENT FUND.
WHEREAS, Section 3.32 of the City of 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 6, 2006, the City of Rancho Palos Verdes adopted
Resolution 2006-41, approving a spending plan and authorizing a budget appropriation
for the 2006-2007 fiscal year; and
WHEREAS, it is necessary for the City to allocate additional funds to Roof
Repair/Replacement Project; and
WHEREAS, a budget increase in the Building Replacement Fund is necessary to
authorize the expenditure of additional funds for the project.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
That the following adjustment be made to the Building Replacement Fund:
Building Replacement 686-3086-461-73-00 $66,000
Fund
PASSED, APPROVED, AND ADOPTED THE 1st day • ay 2007.
Mayor
Attest: 7 -b'
_I 4O rl
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. 2007-40 was duly and regulariy passed and
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adopted by the said City Council at a regular meeting th ,reof held on May 1, 2007.
gdaliii_ )21/:
City Clerk