CC RES 2007-086 RESOLUTION NO. 2007- 86
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2007-70, THE BUDGET APPROPRIATION
FOR FISCAL YEAR 2007-08, FOR A BUDGET ADJUSTMENT TO THE CITY'S
CAPITAL IMPROVEMENT PROJECTS FUND (CIP).
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 19, 2007, the City Council of the City of Rancho Palos Verdes adopted
Resolution 2007-70, approving a spending plan and authorizing a budget appropriation for the
2007-08 fiscal year; and
WHEREAS, it is necessary for the City to allocate additional funds to fund two grant projects; and
WHEREAS, a budget increase in the Capital Improvement Projects Fund is necessary to
authorize the expenditure of additional funds for the Rehabilitation of the Point Vicente
neighborhood trail and the Trail improvement at the Forrestal Nature Preserve;
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES:
The following adjustment(s) be made to the following fund(s):
CIP FUND:
Grant Revenue 330-3033-337-10-00 $100,000
Transfer In (City match) 330-3033-391-10-00 $ 15,000
Improvements 330-3033-461-73-00 $115,000
GENERAL FUND:
Transfer Out(City match) 101-6000-491-91-00 $ 15,000
Verified by Finance: Kathryn Downs
PASSED, APPROVED,AND ADOPTED THIS 7th DAY OF August 0`a7
(OF
4., r ,P,
Mayor
ATTEST:
gdAiL // /
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. 2007-86 was duly and regularly passed and adopted by the said City Council at a
regular meeting thereof held on August 7, 2007.
ealc.4._ , i /
1
City Clerk