CC RES 2003-025RESOLUTION NO. 2003 -25
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
CAPITAL PROJECTS 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 conduct additional
engineering investigations into the Tarapaca Landslide; and
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 adjustment be made to the Capital Improvement Projects Fund budget:
CI P Fund 330 - 930 -35 Professional/Technical Services $5,000
PASSED, APPROVED, AND ADOPTED THE 15th DA'
Attest:
b
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 -25 was duly and regularly passed and adopted by the said
City Council at regular meeting thereof held on April 15, 2003.
j I^
City Clerk