CC RES 2007-061 RESOLUTION NO. 2007-61
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 STREET
MAINTENANCE FUND-PAVEMENT MANAGEMENT PROGRAM.
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, it is necessary for the City to allocate additional funds to reconstruct
a portion of Palos Verdes Drive South within the Portuguese Bend Landslide;
and
WHEREAS, a budget increase in the Street Maintenance Fund- Pavement
Management Program is necessary to authorize the expenditure of additional
funds for a roadway reconstruction project;
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
The following adjustments be made to the General Fund and Street Maintenance
Fund:
Street Maintenance Fund- 202-3005-431-43-00 Maintenance Services
$153,170
(Pavement Management)
Street Maintenance 202-3005-391-10-00 Transfer In $50,000
General Fund 101-6000-491-91-00 Transfer Out $50,000
PASSED, APPROVED, and ADOPTED this 5th day of June, 2007.
I
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. 2007-61 was duly and regularly passed and
adopted by the said City Council at a regular meeting thereof held on June 5,
2007.
City Clerk
Resolution No. 2007-61
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