CC RES 2006-037RESOLUTION NO. 2006-37
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES,
AMENDING RESOLUTION 2005 -53, THE BUDGET APPROPRIATION FOR FISCAL YEAR
2005 -06, FOR A BUDGET ADJUSTMENT TO THE CITY'S STREET MAINTENANCE AND 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 May 31, 2005, the City Council of the City of Rancho Palos Verdes adopted
Resolution 2005 -53 approving a spending plan and authorizing a budget appropriation for the
2005 -06 fiscal year; and
WHEREAS, the City has received $140,000 from the state for Prop 42 Traffic Congestion relief,
and desires to use these monies to partially fund the 04 -05 Residential overlay and slurry seal
project; and
WHEREAS, a budget increase in the Street Maintenance Fund is necessary to transfer the Prop
42 monies to the CIP fund 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 adjustments be made to the following fund budgets:
Increase in the Capital Improvement Fund
Improvements Other Than Buildings 330 - 930 -82 $140,000
Transfer In from Street Maintenance Fund 330 - 391 -10 $140,000
Increase in Street Maintenance Fund
Transfer Out to CIP fund 202- 3003- 491 -91 -00 $ 140,000
PASSED, APPROVED, AND ADOPTED THE 6th DAY OF June 2006.
r
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 -37 was duly and regularly passed and adopted by the said City Council at
regular meeting thereof held on June 6, 2006.
rKlew-1k: W1
���Haxg-