CC RES 2002-091 RESOLUTION NO. 2002-91
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 PROJECT'S 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 traffic signal improvements;
and
WHEREAS, a budget increase in the City's Traffic Signal Maintenance program, within the Gas
Tax Fund, is necessary to authorize the expenditure of additional funds for the project; and
WHEREAS, the city will receive a Southern California Edison Rebate of$29,000 for the use of light
emitting diodes (LED's) in this project.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES:
The following increase be made to the fiscal year 2002-03 City's Traffic Signal Maintenance
program budget:
Gas Tax Fund #102-304-30 Traffic Signal Maintenance $58,000
Gas Tax Fund #102-375-10 Miscellaneous Revenue $29,000
PASSED, APPROVED, AND ADOPTED THE 15th DAY OF OCTOBER 2002.
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Attest: VP
M.yor 401rif
Deputy Cir Jerk
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. 2002-91 was duly and regularly passed and adopted by the said City Council at
regular meeting thereof held on October 15, 2002.
Deputy ity Clerk