CC RES 2012-085RESOLUTION NO. 2012 -85
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2012 -43, THE BUDGET APPROPRIATION
FOR FISCAL YEAR 2012 -13, FOR A BUDGET ADJUSTMENT TO THE CITY'SSTREET
IMPROVEMENTS PROGRAM WITHIN THE 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 19, 2012, the City Council of the City of Rancho Palos Verdes
adopted Resolution 2012 -43, approving a spending plan and authorizing a budget appropriation
for the 2012 -13 fiscal year; and
WHEREAS, the City of Rancho Palos Verdes desires that the budget appropriation for
the FY 2012 -13 Street improvements program be increased; and
WHEREAS, a budget increase in the Street improvements program is necessary to
authorize the expenditure of additional funds forthe Residential Roadway Rehabilitation
Program (Areas 3 & 5);
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following adjustment be made to the following fund(s):
Transfer Out From General Fund 101- 6000 - 491.91 -00 $771697
Transfer In From General Fund 330 - 3031 - 391.10 -00 $771697
Street Improvement Fund 330- 3031 - 461 -73 -00 $777697
PASSED, APPROVED, AND ADOPTED THIS 20th day of November, 2012.
Mayor
ATTEST:
City Clerk
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, Carla Morreale, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above
Resolution No. 2012 -85 was duly and regularly passed and adopted by the said City Council at a
regular meeting thereof held on November 20, 2012.
City Clerk