CC RES 2004-008RESOLUTION NO. 2004-08
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2003 -42, THE BUDGET APPROPRIATION FOR
FISCAL YEAR 2003 -04, FOR A BUDGET ADJUSTMENT TO THE CITY'S 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 June 3, 2003, the City Council of the City of Rancho Palos Verdes adopted
Resolution 2003 -42, approving a spending plan and authorizing a budget appropriation for
the 2003 -04 fiscal year; and
WHEREAS, the City has agreed to exchange its Community Development Block Grant
(CDBG) allocation for General Funds from the City of West Hollywood; and
WHEREAS, a budget adjustment in the Community Development Block Grant Fund is
necessary to appropriate the expenditure; and
WHEREAS, a budget adjustment in the General Fund is necessary to recognize the
revenue from the exchange of funds.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following adjustment be made to the funds:
CDBG Fund 110 - 910 -35 Professional/Technical Services ($150,000)
General Fund 001 - 375.10 Miscellaneous Revenue $ 93,750
PASSED, APPROVED, AND ADOPTED THE 3rd D F U Y 2004.
Attest: Mayor
rr .
City Clerk
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, JO PURCELL, City Clerk of The City of Rancho Palos Verdes, hereby certify that the
above Resolution No. 2004 -08 was duly and regularly passed and opted by the said City
Council at regular meeting thereof held on February 3, 04.
City Clerk