CC RES 2012-016 RESOLUTION NO. 2012-16
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES, AMENDING RESOLUTION 2011-
44, THE BUDGET APPROPRIATION FOR FY11-12, TO FUND
THE ABALONE COVE SHORELINE PARK IMPROVEMENT
PROJECT IN THE CAPITAL IMPROVEMENT PROJECTS FUND
AND TO PROVIDE A FUNDING TRANSFER FROM THE
GENERAL FUND FOR THE REQUIRED 50% MATCH.
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;
WHEREAS, on June 21, 2011, the City Council of the City of Rancho Palos Verdes adopted
Resolution 2011-44, approving a spending plan and authorizing a budget appropriation for
FY11-12;
WHEREAS, a budget increase in the General Fund is necessary to fund the City's 50% match
required by the Land and Water Conservation Fund grant awarded to the City for the Abalone
Cove Shoreline Park Improvement Project.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
Section One. The following adjustments will be made to the General Fund FY11-12
expenditure budget:
General Fund Transfer Out 101-6000-491-91-00 $312,588
Park Improvements Transfer In 330-3033-391-10-00 $312,588
Park Improvements Federal Grant Revenue 330-3033-331-10-00 $252,588
Park Improvements 330-3033-461-73-00 $565,176
PASSED, APPROVED, AND ADOPTED THE 21st DAY OF FEBRUARY 2012.
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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. 2012-16 was duly and regularly passed and adopted by the said City Council at
a regular meeting thereof held on February 21, 2012.
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6&GL
City Clerk