CC RES 2002-014 RESOLUTION NO. 2002-14
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 IMPROVEMENT 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
2001-2002 fiscal year; and
WHEREAS, it is necessary for the City to allocate additional funds to construct the City's Arterial
Rehabilitation Program; and
WHEREAS, a budget increase in the Capitol 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 increase be made to the fiscal year 2001-2002 Capital Improvement Projects
Fund:
CIP #330-930-35 Professional Services $ 25,000
CIP #330-930-82 Capital Outlay $232,000
CIP #330-391-10 Transfer In $257,000
Prop C #115-391-20 Transfer Out $257,000
PASSED, APPROVED, AND ADOPTED THE 19TH DAY OF FEBRUARY 2002.
w AYOR
ATTEST:
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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. 2002-14 was duly and regularly passed and adopted by the said City Council at
a regular meeting thereof held on February 19, 2002.
CITY CLERK
CITY •F RANCHO PALOS VERDES
W:\City Council Resols\resos received electronically\2002\2002-14.doc