CC RES 2007-066 RESOLUTION NO. 2007-66
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 CAPITAL IMPROVEMENT PROJECT (CIP) FUNDS.
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 $75,000 funds for the FY
06-07 Residential overlay and slurry seal project
WHEREAS, a budget increase in the CIP Fund is necessary to authorize the
expenditure of additional funds for the Residential Overlay and slurry seal project
expenditures.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
The following adjustment be made to the General Fund:
Funding Sources Activity Account Number Amount
General Fund Transfer Out 101-6000-491-91-00 $75,000
CIP Transfer In 330-3030-391-10-00 $75,000
CIP Improvements 330-3030-461-73-00 $75,000
PASSED, APPROVED, AND ADOPTED the 19th day of June 2007.
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. 2007-66 was duly and regularly passed and adopted by the said
City Council at regular meeting thereof held on June 19th, 2007.
City Clerk
W:\City Council Resolutions\Resolutions by Year\2007\2007-66.doc
City Council
Resolution No. 2007-66
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