CC RES 2003-040RESOLUTION NO. 2003 -40
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 03, 2003, 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 the City's Arterial
Rehabilitation Program design services; and
WHEREAS, a budget increase in the CAPITAL IMPROVEMENT PROGRAM Fund is
necessary to authorize the expenditure of additional funds for design 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
CI P Fund 330 - 930 -35 Improvements $14,900
PASSED, APPROVED, and ADOPTED THE 3rd dap of J%ie 2003.
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Attest: Ma or
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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 -40 was duly and regularly passed and adopted by
the said City Council at a regular meeting thereof he-Ld on Ju I 3, 2003.
A�L
City Clerk