CC RES 2002-012 RESOLUTION NO. 2002-12
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES, AMENDING RESOLUTION 2001-43,
THE BUDGET APPROPRIATION FOR FISCAL YEAR 2001-02, 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 5, 2001, the City Council of the City of Rancho Palos Verdes
adopted Resolution 2001-43, approving a spending plan and authorizing a budget
appropriation for the 2001-02 fiscal year: and
WHEREAS, it is necessary for the City to allocated additional funds to construct the
San Ramon Drainage and Landslide Stabilization Project; 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 adjustments be made to the Capital Improvement Projects Fund budget:
CIP #330-930-35 Transfer in from General Fund $210,000
General Fund #001-391.20 Transfer out to CIP Fund $210,000
PASSED, APPROVED, AND ADOPTED THE 19th DAY OF FEBRUARY, 2002.
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C TY 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. 2002- 12 was duly and regularly passed and adopted by the said City Council
at regular meeting thereof held on February 19, 2002.
CITY CLERK
CITY OF RANCHO PALOS VERDES