CC RES 2003-002RESOLUTION NO. 2003-02
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES, AMENDING RESOLUTION 2002 -45, THE BUDGET
APPROPRIATION FOR FISCAL YEAR 2002 -03, FOR A BUDGET ADJUSTMENT TO THE
CITY'S GENERAL FUND AND GAS TAX 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 12, 2002, the City Council of the City of Rancho Palos Verdes
adopted Resolution 2002 -45, approving a spending plan and authorizing a budget appropriation
for the 2002 -03 fiscal year; and
WHEREAS, it is necessary for the City to allocate additional funds to implement a traffic
calming pilot program along Via Rivera,
WHEREAS, a budget increase in the Gas Tax 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 Gas Tax fund budget:
Gas Tax Fund:
102 - 302 -35
Street Maintenance
$17,530
Gas Tax Fund:
102 - 391.10
Transfer in from General Fund
$6,780
General Fund:
001 - 391.20
Transfer out to Gax Tax Fund
$6,780
PASSED, APPROVED, AND ADOPTED THE 7T" D)
Attest:
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. 2003 -02 was duly and regularly passed and adopted y the said City Council at
a regular meeting thereof held on January 7, 2003. „ /')
ity Clerk