CC RES 2003-069RESOLUTION NO. 2003-69
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, AMENDING
RESOLUTION 2003 -42, THE BUDGET APPROPRIATION FOR FISCAL YEAR 2003 -04, 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 3, 2003, the City Council of the City of Rancho Palos Verdes adopted
Resolution 2003 -42, approving a spending plan and authorizing a budget appropriation for the
2003 -04 fiscal year; and
WHEREAS, the City has agreed to exchange its Community Development Block Grant (CDBG)
allocation for General Funds from the City of West Hollywood; and
WHEREAS, a budget adjustment in the Community Development Block Grant Fund is necessary to
appropriate the expenditure; and
WHEREAS, a budget adjustment in the General Fund is necessary to recognize the revenue from
the exchange of funds.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES:
The following adjustment be made to the funds:
CDBG Fund 110 - 910 -35 Professional/Technical Services ($400,000)
General Fund 001 - 375.10 Miscellaneous Revenu $230,000
PASSED, APPROVED, AND ADOPTED THE 19th DAY OF UGU 200 .0
W
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 -69 was duly and regularly passed and adopted by the said City Council at
regular meeting thereof held on August 19, 2003.
QO
City Clerk