CC RES 2006-048RESOLUTION NO. 2006-48
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 purchase land to facilitate the McCarrell Canyon
storm drain project, 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 budget:
General Fund Transfer Out For Land Acquisition #101- 6000 - 491 -91 -00 $900,000
WQFP Fund Transfer In For Land Acquisition #501 - 3052 - 391 -10 -00 $900,000
WQFP Land Acquisition Expenditure #501 - 3052 - 431 -71 -00 $900,000
PASSED, APPROVED, AND ADOPTED THE 20th DAY OF JUNE 2006.
Attest:
_' -P
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
41
Wayor
I, Carolynn Petru, City Clerk of the City of Rancho Palos Verdes, hereby certify that the
above Resolution No. 2006 -48 was duly and regularly passed and adopted by the said
City Council at regular meeting thereof held on June 20, 2006.