CC RES 2006-063RESOLUTION NO. 2006-63
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 connection
from the Point Vicente Lighthouse property to the eastern extreme of Ocean Front Estates; and
WHEREAS, a budget increase in the Parks, Trails and Open Space Improvement Program is
necessary to authorize the expenditure of additional funds for the construction of a trail
connecting PVIC and Ocean Front Estates;
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 $20,000
Capital Improvement Projects Fund — Parks, Trails & Open Space Improvements
Transfer In from General Fund 330 - 3033 - 391 -10 -00 $20,000
Improvements 330 - 3033 - 461 -73 -00 $20,000
PASSED, APPROVED, AND ADOPTED THIS 15th DAY OF August 2006.
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Attest:
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City tlerk
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 -63 was duly and regularly passed and adopted by the said City Council at
a regular meeting thereof held on August 15, 2006.
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