CC RES 2006-020RESOLUTION NO. 2006-20
A RESOLUTION OF THE CITY COUNCIL OF THE CITY RANCHO PALOS VERDES
AMENDING RESOLUTION NO. 2005 -53, THE BUDGET APPROPRIATION FOR FISCAL
YEAR 2005 -2006, FOR A BUDGET ADJUSTMENT TO THE CITY'S GENERAL FUND AND
CIP FUND.
WHEREAS, Section 3.32 of the City of 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 May 31, 2005, the City of Rancho Palos Verdes adopted Resolution
2005 -53, approving a spending plan and authorizing a budget appropriation for the 2005 -2006
fiscal year; and
WHEREAS, it is necessary for the City to allocate additional funds to storm Drain
Improvements; and
WHEREAS, a budget increase in the General Fund, and CIP Fund is necessary to
authorize the expenditure of additional funds for the project.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
That the following adjustment be made to the Infrastructure Improvement Administration Fund
and General Fund:
INFRASTRUCTURE
330 - 3030 - 461 -73 -00
IMPROVEMENTS
$88,888
IMPROVEMENT
ADMINISTRATION
INFRASTRUCTURE
330 - 3030 - 461 -32 -00
PROFESSIONAL
$9,600
IMPROVEMENT
ADMINISTRATION
INFRASTRUCTURE
330 - 3030 - 391 -10 -00
TRANSFER IN
$98,480
IMPROVEMENT
ADMINISTRATION
GENERAL FUND
101- 6000 - 491 -91 -00
TRANSFER OUT
$98,480
PASSED, APPROVED, AND ADOPTED THE 4th day of April 2006.
Attest:
State of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, Carolynn Petru, City Clerk of the City of Rancho Palos Verdes, hereby certify
that the above Resolution No. 2006 -20 was duly and regularly passed and adopted by the said
City Council at a regular meeting thereof held on April 4, 2006.