CC RES 2004-052RESOLUTION NO. 2004-52
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 CDBG FUND AND
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, it is necessary for the City to allocate additional funds for construction of the
City Hall elevator; and
WHEREAS, a budget increase in the CDBG Fund is necessary to authorize the expenditure
of additional funds for construction costs.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following adjustment be made to the following funds:
CDBG 110- 910 -82 Improvements $77,222
CDBG 110 - 391.10 Transfer In $77,222
General Fund 001 - 391.20 Transfer Out $77,222
PASSED, APPROVED, AND ADOPTED THE 15thJDAY- QF�IUI`Ji 2004.
A LL - -L_
State of California
County of Los Angeles
City of Rancho Palos Verdes
)ss
Mayor
I, JO PURCELL, City Clerk of The City of Rancho Palos Verdes, hereby certify that the
above Resolution No. 2004 -52 was duly and regularly passed and adopted by the said City
Council at regular meeting thereof held on June '15,/2Q04 Z**')