CC RES 2007-054 RESOLUTION NO. 2007-54
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES,
AMENDING RESOLUTION 2006-41, THE BUDGET APPROPRIATION FOR FY06-07, FOR
BUDGET ADJUSTMENTS TO THE GENERAL FUND AND THE WATER QUALITY FLOOD
PROTECTION 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 FY06-07: and
WHEREAS, the City Council has approved an agreement with the seller that will enable
the City to complete the purchase of real property on Tarragon that abuts Palos Verdes Drive
South, which will provide the area that is required to access and construct one of the key
components of the McCarrell Canyon drainage system; and
WHEREAS, the City Council desires that the FY06-07 budget be adjusted.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
That the following adjustments shall be made to the FY06-07 budget:
General Fund:
Transfers Out #101-6000-491-91-00 To WQFP $500,000
Water Quality and Flood Protection Fund:
Transfers In #501-3052-391-10-00 From General Fund $500,000
Land Purchase #501-3052-431-71-00 Tarragon Property $500,000
PASSED, APPROVED, AND ADOPTED TH 1 fAY OF MA jig.
e - W
Mayor
Attest:
(&L"'A- // , ie
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. 2007-54 was duly and regularly passed and adopted by the said City Council at
regular meeting thereof held on May 15, 2007.
CI/2/i ' ', '
City Clerk