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CC RES 2004-061RESOLUTION NO. 2004-61 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, AMENDING RESOLUTION 2004 -45, THE BUDGET APPROPRIATION FOR FISCAL YEAR 2004 -2005, FOR BUDGET ADJUSTMENTS TO THE CITY'S CAPITAL IMPROVEMENT PROJECTS FUND, MEASURE A -CAPITAL FUND, QUIMBY FUND, ENVIRONMENTAL EXCISE TAX (EET) FUND, ROADWAY BEAUTIFICATION FUND, GENERAL FUND, PROPOSITION C FUND, AND WASTE REDUCTION 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 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 FY04 -05: and WHEREAS, the City Council desires to construct the Point Vicente Interpretive Center expansion with various funding sources; and WHEREAS, the City Council desires to re- budget the FY03 -04 appropriation to FY04 -05 and increase the FY04 -05 budget appropriation 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 FY04 -05 budget: Increase the Capital Improvement Projects fund budget as follows: CIP Park Improvements CIP Park Improvements #330 - 3033 - 461 -73 -00 #330 - 3033 - 461 -32 -00 Construction $4,601,046 Inspect & Engineer 474,969 $5,076,015 CIP Park Improvements #330 - 3033 - 391 -10 -00 Transfers In $4,693,736 CIP Park Improvements #330 - 3033 - 334 -10 -00 Prop 40 Grant $ 27,291 Increase the Measure A Capital fund budget as follows: To Park Improvements #339 - 3039 - 491 -91 -00 Transfers Out $2,874,785 Measure A Capital #339 - 3039 - 337 -10 -00 Measure A Grant $2,874,785 Increase the Quimby fund budget as follows: To Park Improvements #334- 3034 - 491 -91 -00 Transfers Out $ 492,511 Increase the Environmental Excise Tax (EET) fund budget as follows: To Park Improvements #338 - 3038 - 491 -91 -00 Transfers Out Increase the Roadway Beautification fund budget as follows: To Park Improvements #342 - 3042 - 491 -91 -00 Increase the General fund budget as follows: To Park Improvements #101- 6000 - 491 -91 -00 To Street Maintenance #101- 6000 - 491 -91 -00 Increase the Proposition C fund budget as follows: To Street Maintenance #215- 3015- 491 -91 -00 Increase the Waste Reduction fund budget as follows: To Park Improvements #213- 3013- 491 -91 -00 PASSED, APPROVED, AND ADOPTED,-7- E 6TH Attest: City Clerk State of California ) County of Los Angeles )ss City of Rancho Palos Verdes ) Transfers Out Transfers Out Transfers Out Transfers Out Transfers Out OFMULY 2004. Mayor $ 579,212 $ 347,228 $ 350,000 $(2007000) $ 200,000 $ 50,000 I, JO PURCELL, City Clerk of The City of Rancho Palos Verdes, hereby certify that the above Resolution No. 2004 -61 was duly and regularly passed and adopted by the said City Council at regular meeting thereof held on July 6, 2004. City Clerk Resolution No. 2004 -61 Page 2of2