CC RES 2004-040RESOLUTION NO. 2004 -40
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 PROP C 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, it is necessary for the City to allocate additional funds to provide funding for a
Project in the street maintenance - Pavement Management Program; and
WHEREAS, a budget increase in the Prop C Fund is necessary to authorize the expenditure of
additional funds for the project.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following adjustments be made to the following fund budgets:
Increase in the Capital Improvement Fund
Improvements Other Than Buildings
Transfer In from Prop C Fund
Increase in Proposition C Fund
Transfer Out to CIP fund
330 - 930 -82
330 - 391 -10
115- 391 -20
PASSED, APPROVED, AND ADOPTED THE 5t
Attest:
City Clerk
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
$71,550.00
$719550.00
$ 71,550.00
I, JO PURCELL, City Clerk of The City of Rancho Palos Verdes, hereby certify that the above
Resolution No. 2004 -40 was duly and regularly passed and adopted by the said City Council at
regular meeting thereof held on May 5, 2004.
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City Clerk