CC RES 2005-008RESOLUTION NO. 2005-08
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES,
AMENDING RESOLUTION 2004 -45, THE BUDGET APPROPRIATION FOR FY04 -05, TO
AMEND THE GENERAL FUND REVENUE BUDGET.
WHEREAS, on June 1, 2004, the City Council of the City of Rancho Palos Verdes adopted
Resolution 2004 -45, approving the City's budget for FY04 -05: and
WHEREAS, City revenues are affected by the State budget signed by the Governor on July
311 2004, and Property Tax allocated from the State is expected to be greater than the
amount included within the City's budget; and
WHEREAS, on August 19, 2004, Trump National temporarily closed until golf course
improvements are completed; and
WHEREAS, on October 28, 2004, the City sold property known as the Tyler house; and
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following adjustment be made to FY04 -05 budgeted revenue:
Increase the General fund revenue budget as follows:
Property Tax In -Lieu of VLF #101- 6000 - 312 -30 -00 $1,539,157
Miscellaneous Revenue #101- 6000 - 369 -10 -00 $ 8401520
Decrease the General fund revenue budget as follows:
Golf Tax #101- 6000 - 318 -20 -00 $ 1651000
PASSED, APPROVED, AND ADOPTED THE 24th DAY OF JANUARY 2005.
Attest: Mayor
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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. 2005 -08 was duly and regularly passed and adopted by the said City
Council at regular meeting thereof held on January 24, 2005
C4 Clerk