CC RES 2007-046 RESOLUTION NO. 2007-46
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES,AMENDING
RESOLUTION 2006-41, THE BUDGET APPROPRIATION FOR FISCAL YEAR 2006-07, FOR A
BUDGET ADJUSTMENT TO THE CITY'S GENERAL FUND AND PROPOSITION A FUND.
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 6, 2006, the City Council of the City of Rancho Palos Verdes adopted
Resolution 2006-41, approving a spending plan and authorizing a budget appropriation for the
2006-07 fiscal year; and
WHEREAS, the City has agreed to exchange Proposition A Transit Funds for General Funds with
the City of West Hollywood; and
WHEREAS, a budget adjustment in the Proposition A Transit Fund is necessary to appropriate the
expenditure; and
WHEREAS, a budget adjustment in the General Fund is necessary to recognize the revenue from
the exchange of funds.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES:
The following adjustment is made to the funds:
Proposition A Fund 216-3016-431-43 Maintenance Services $250,000
General Fund 101-6000-369-10 Miscellaneous Revenue $267,000
PASSED, APPROVED, AND ADOPTED THE 1st DA t ` 2007.
Attest: Mayor
7
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. 2007-46 was duly and regularly passed and adopted by the said City Council at
regular meeting thereof held on May 1, 2007.
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City Clerk