CC RES 2014-023 RESOLUTION NO. 2014-23
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 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 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 Abalone Cove Shoreline Park Restroom and Parking Lot
Improvements 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 Abalone Cove Shoreline Park Restroom and
Parking Lot Improvements project, including construction and engineering is
$529,490; and
WHEREAS, the city has appropriated a budget of$440,000 in the FY 13-14 CIP
budget for the Abalone Cove Shoreline Park Restrooms and Parking Lot
Improvements project; and,
WHEREAS, a budget increase of$89,490 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 $6,750,904; 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 $89,490
Resolution No. 2014-23
Page 1 of 2
PASSED, APPROVED, AND ADOPTED THIS 15th DAY OF APRIL 2014.
46,
Mayor
ATTEST:
/1110�� -
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. 2014-23 was duly and regularly passed and
adopted by the said City Council at a regular meeting thereof held on April 15,
2014.
A 4/ / "
(z-&&_
City Clerk
Resolution No. 2014-23
Page 2 of 2