CC RES 2003-014RESOLUTION NO. 2003 -14
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
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 for construction of
the San Ramon Drainage and Landslide stabilization project,
WHEREAS, a budget increase in the Capital Improvement Projects 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 Capital Improvement Projects Fund budget:
CIP #330 - 930 -35 Professional /Technical Srvcs $123,590
CIP #330- 930 -82 Improvements other than Bldgs $367,477
CIP #330 - 391.10 Transfer in from General Fund $491,067
General Fund #001 - 391.20 Transfer out to CIP Fund $491,067
PASSED, APPROVED, AND ADOPTED THE 4th DAY 9 MA CH )03.
M
Attest:
r
t
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 -14 was duly and regularly passed and adopted by the said City
Council at regular meeting thereof held on March 4, 2003.
City Clerk