CC RES 2013-016RESOLUTION NO. 2013 -16
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'S
PARKS, TRAILS AND OPEN SPACE IMPROVEMENTS PROGRAM IN THE
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 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's segment of the California Coastal Trail project is considered a
high priority project for the public's benefit as reflected in the Council- adopted Capital
Improvement Program (CIP); and
WHEREAS, the total cost of the City's segment of the California Coastal Trail project
including construction and engineering is 629,040.85; and
WHEREAS, the City has acquired a California Coastal Conservancy grant in the
amount of 500,000 and allocated the matching fund of $60,000 for a total approved
budget of $560,000; and,
WHEREAS, a budget increase of $69,041 in the Parks, Trails & Open Space
Improvements. fund is therefore necessary to authorize the expenditure for this work;
and
WHEREAS, the revised estimate of Capital Improvement Fund balance at June 30,
will be $6,822,270; and
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
The following adjustment(s) be made to the following fund(s):
Parks, Trails & Open Space Improvements Program in the Capital Improvement
Projects Fund:
Parks, Trails & Open Space Improvements 330 - 3033 - 461 -73 -00 $69,041
PASSED, APPROVED, AND ADOPTED THIS 16" DAY OF APRIL 2013.
May r
ATTEST:
U
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. 2013 -16 was duly and regularly passed and adopted by the said
City Council at a regular meeting thereof held on April 16, 2013.
City Clerk
Resolution No. 2013 -16
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