CC RES 2005-123RESOLUTION NO. 2005-123
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES,
AMENDING RESOLUTION 2005 -53, THE BUDGET APPROPRIATION FOR FISCAL YEAR
2005 -06, FOR A BUDGET ADJUSTMENT TO THE CITY'S WATER QUALITY AND FLOOD
PROTECTION FUND AND GENERAL 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 the
2005 -06 fiscal year; and
WHEREAS, it is necessary for the City to allocate additional funds for emergency repair of
storm drains; and
WHEREAS, a budget increase in the Water Quality and Flood Protection Fund is necessary to
authorize the expenditure of additional funds for construction costs.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following adjustment be made to the following funds:
WQFP 501 - 3052 - 431 -73 -00 Improvements $459,700
WQFP 501 - 3052 - 391 -10 -00 Transfer In $459,700
General Fund 101 - 6000 - 491 -91 -00 Transfer Out $459,270
PASSED, APPROVED, AND ADOPTED THE 15th
Attest:
City &ark
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
DAY OF NOVEMBER 2005.
Mayor
I, Carolynn Petru, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above
Resolution No. 2005 -123 was duly and regularly passed and adopted by the said City Council at
regular meeting thereof held on November 15, 2005