CC RES 2005-032RESOLUTION NO. 2005-32
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, on February 1, 2005, the City Council adopted a resolution authorizing the
sale of the City's FY03 -04 Vehicle License Fee Gap Loan Receivable; and
WHEREAS, on March 17, 2005, the City received $661,868.89 from the sale of its
FY03 -04 Vehicle License Fee Gap Loan Receivable.
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:
Vehicle License Fees #101- 6000 - 361 -10 -00 $661,868.89
PASSED, APPROVED, AND ADOPTED THE 5th DAY OF APRIL 2005.
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Attest:
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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 -32 was duly and regularly passed and adopted by the said
City Council at regular meeting thereof held on April 5, 2005.
Clerk