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CC RES 2005-024RESOLUTION NO. 2005-24 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, AMENDING RESOLUTION 2004 -45, THE BUDGET APPROPRIATION FOR FISCAL YEAR 2004 -05, FOR A BUDGET ADJUSTMENT TO THE CITY'S WATER QUALITY AND FLOOD PROTECTION ENTERPRISE 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 1, 2004, the City Council of the City of Rancho Palos Verdes adopted Resolution 2004 -45, approving a spending plan and authorizing a budget appropriation for the 2004 -05 fiscal year; and WHEREAS, it is necessary for the City to allocate additional funds to perform maintenance activities related to cleanup from the storms of December 2004, January 2005 and February 2005; BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: 101 - 6000 - 491 -91 -00 General Fund Transfers Out $2,0009000 501 - 3052 - 391 -10 -00 Water Quality and Flood Protection Fund $2,000,000 PASSED, APPROVED, AND ADOPTED THE 15TH DA's OF MARCH 2005. r Mayor Attest:- 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 -24 was duly and regularly passed and adopted by the said City Council at regular meeting thereof held on March 15, 2005. r r 2ft- h. 1 Clerk