CC RES 2003-031RESOLUTION NO. 2003 -31
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
IMPROVEMENT PROGRAM 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 storm drain repair
construction services; and
WHEREAS, a budget increase in the CAPITAL IMPROVEMENT PROGRAM Fund is
necessary to authorize the expenditure of additional funds for construction -services.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following adjustment be made to the Capital Improvement Program Fund
CIP Fund 330 - 930 -82 Improvements $30,000
PASSED, APPROVED, AND ADOPTED THE 6th DAY OF M 2003.
Mayor
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 -31 was duly and regularly passed and adopted by the
said City Council at a regular meeting thereof held on May 6, 2003.
City Clerk