CC RES 2014-007 RESOLUTION NO. 2014-07
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2013-43, THE BUDGET APPROPRIATION
FOR FISCAL YEAR 2013-14, FOR A BUDGET ADJUSTMENT TO THE CITY'S
STREET IMPROVEMENTS PROGRAM WITHIN THE INFRASTRUCTURE
IMPROVEMENT 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 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 the 2013-14 fiscal year; and
WHEREAS, the City of Rancho Palos Verdes desires that the budget
appropriation for the FY 2013-14 Street Improvements Program be increased; and
WHEREAS, a budget increase in the Street Improvements Program is necessary
to authorize the expenditure of additional funds for the Palos Verdes Drive East Arterial
Resurfacing Project;
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
The following adjustments be made to the following Funds:
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Street Improvements Federal Grant Revenue 330-3031-331-10-00 (362,000)
Street Improvements Transfer In 330-3031-391-10-00 724,360
Street I m rovements 330-3031-461-73-00... .....• 962,143
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Water Quality/Flood+ Control Improvements 501-3052-431-73-00 (362,360)
Water Quality/Flood Control Transfer Out 501-3052-491-91-00......... 362.,360
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Proposition A I m rovements Transfer Out 216-3016-491-91-00 362,000
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PASSED, APPROVED, AND ADOPTED THIS 18Th DAY OF FEBRUARY, 2014.
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Mayor --�
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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. 2014-07 was duly and regularly passed and adopted by the said
City Council at a regular meeting thereof held on February 18, 114.
City Clerk
Resolution No. 2014-07
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