CC RES 2005-058RESOLUTION NO. 2005-58
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 STREET MAINTENANCE -
PAVEMENT MANAGEMENT PROGRAM.
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 for road maintenance of Palos
Verdes Drive South within the Portuguese Bend Landslide area; and
WHEREAS, a budget increase in the Street Maintenance - Pavement Management Program is
necessary to authorize the expenditure of additional funds for road maintenance;
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES:
The following adjustment be made to the FY 04 -05 budget:
Adjust the Portuguese Bend Road Maintenance Program budget as follows:
Maintenance
Transfer In
202 - 3005 - 431 -43 -00 $44,000
202 - 3005 - 391 -10 -00 $44,000
Adjust the Proposition C Fund budget as follows:
Transfer Out 215 - 3015 - 491 -91 -00 $44,000
PASSED, APPROVED, AND ADOPTED THE 7th DAY OF JUNE 2005.
Attest:
State of California )
County of dos Angeles )ss
City of Rancho Palos Verdes )
ayor
I, Carolynn Petru, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above
Resolution No. 2005 -58 was duly and regularly passed and adopted by the said City Council at
regular meeting thereof held on June 7, 2005.
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