CC RES 2014-020 RESOLUTION NO. 2014-20
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2013-43, THE BUDGET APPROPRIATION
FOR FY13-14, TO ADJUST THE BUDGET IN THE GENERAL FUND AND CAPITAL
IMPROVEMENT PROJECTS FUND.
WHEREAS, on June 18, 2013, the City Council of the City of Rancho Palos Verdes adopted
Resolution 2013-43, approving a spending plan and authorizing a budget appropriation for
FY13-14: and
WHEREAS, actual FY12-13 General Fund expenditures were less than budgeted;
WHEREAS, City Council Policy No. 41 titled Reserve Policies calls for transfer of prior year
favorable General Fund expenditure variances to the Capital Improvement Projects (CIP)
Reserve; and
WHEREAS, the City Council desires that the FY13-14 budget be adjusted to provide for a
transfer of the FY12-13 General Fund expenditure variance.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following adjustments are made to the FY13-14 budget:
General Fund Transfers Out 101-6000-491-91-00 $1,709,057
CIP Fund Transfers In 330-3030-391-10-00 $1,709,057
General Liability Insurance Rebate:
General Fund Transfers Out 101-6000-491-91-00 $ 563,554
CIP Fund Transfers In 330-3030-391-10-00 $ 563,554
PASSED, APPROVED, AND ADOPTED THE 1st DAY OF APR 2014.
!Alb.
11. Mayor
ATTEST:
LeZ4.4.52- /Pzxze-le
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. 2014-20 was duly and regularly passed and adopted by the said City Council at
regular meeting thereof held on April 1, 2014.
C
(1/ (9
ag-u ed.1(
City Clerk