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CC RES 2006-047RESOLUTION NO. 2006-47 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, AMENDING RESOLUTION 2005 -53, THE BUDGET APPROPRIATION FOR FY05 -06, FOR A BUDGET ADJUSTMENT TO THE CITY'S GENERAL FUND AND WATER QUALITY FLOOD PROTECTION 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, the City Council desires to make additional improvements to the Pontevedra storm drain, and 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 increases be made to the FY05 -06 budg_et: General Fund Transfer Out #101- 6000 - 491 -91 -00 $157,792 WQFP Fund Transfer In #501- 3052 - 391 -10 -00 $157,792 WQFP Improvements Expenditure #501 - 3052 - 431 -73 -00 $157,792 PASSED, APPROVED, AND ADOPTED THE 20th DAY OF JUNE 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 -47 was duly and regularly passed and adopted_ by the said City Council at regular meeting thereof held on June 20, 2006. Ci Clerk