CC RES 2006-062RESOLUTION NO. 2006-62
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2006 -41, THE BUDGET APPROPRIATION FOR
FISCAL YEAR 2006 -07, FOR A BUDGET ADJUSTMENT TO THE CITY'S GENERAL
FUND AND CIP 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 June 6, 2006, the City Council of the City of Rancho Palos Verdes adopted
Resolution 2006 -41, approving a spending plan and authorizing a budget appropriation for the
2006 -07 fiscal year; and
WHEREAS, it is necessary for the City to allocate additional funds to construct a trail between
Conestoga Drive and the hairpin bend on Palos Verdes Drive East 900 feet from the City's
northern city boundary; and
WHEREAS, a budget increase in the Street Improvement Program is necessary to authorize the
expenditure of additional funds for the construction of a trail within the Palos Verdes Drive East
street right -of -way;
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following adjustments be made to the following funds:
General Fund
Transfer Out to CIP Fund 101- 6000 - 491 -91 -00 $8,500
Capital Improvement Projects Fund — Street Improvements
Transfer In from General Fund 330 - 3031 - 391 -10 -00 $8,500
Professional Technical Services 330 - 3031 - 461 -32 -00 $2,500
Improvements 330 - 3031 - 461 -73 -00 $6,000
PASSED, APPROVED, AND ADOPTED THIS 15th DAY OF August 2006.
Attest: Wayor
State of Cal� ornia
i )
County of Lbs Angeles )ss
City of Rancho Palos Verdes )
I, Carolynn Petru, City Clerk of yhe City of Rancho Palos Verdes, hereby certify that the above
Resolution No. 2006 -62 was duly and regularly passed and adopted by the said City Council at
a regular meeting thereof held on August 15, 2006.
N 1 10 ,1& A& 1, lk,&- �C-
-M �k- 0 !al
Clerk-