CC RES 2006-038RESOLUTION NO. 2006-38
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO _ PALOS VERDES,
AMENDING RESOLUTION 2005 -53, THE BUDGET APPROPRIATION FOR FY05 -06, FOR
BUDGET ADJUSTMENTS TO THE CITY'S TRANSPORTATION DEVELOPMENT ACT
(BIKEWAYS) FUND AND CAPITAL IMPROVEMENT PROJECTS FUND.
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
FY05 -06; and
WHEREAS, Transportation Development Act Article 3 monies are available for the Residential
Overlay project; and
WHEREAS, the City Council desires to use available restricted monies for the Residential
Overlay project; and
WHEREAS, the City Council desires that the FY05 -06 budget be adjusted.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following adjustments be made to the FY05 -06 budget:
Transportation Development Act Fund
Transfers Out #340 - 3040 - 491 -91 -00
Capital Improvement Projects Fund
Transfers In #330 - 3030 - 391 -10 -00
Improvements #330 - 3030 - 461 -73 -00
To C I P
$25,554
From Bikeways $25,554
Residential Overlay $25,554
PASSED, APPROVED, AND ADOPTED THE 6t' day of June 2006.
r4®rlynt
4ayor ,
Attest:
Citi'M6rk
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 -38 was duly and regularly passed and adopted by the said City Council at
regular meeting thereof held on June 6, 2006.
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