CC RES 2014-031 RESOLUTION NO. 2014-31
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 Ryan Park Southern Entrance Realignment and Parking
Lot Expansion 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 Ryan Park Southern Entrance Realignment and
Parking Lot Expansion project, including construction and engineering is
$799,935; and
WHEREAS, the city has appropriated a budget of$650,000 in the FY 13-14 CIP
budget for the Ryan Park Southern Entrance Realignment and Parking Lot
Expansion project; and,
WHEREAS, a budget increase of$149,935 in the Parks, Trails & Open Space
Improvements fund is therefore necessary to authorize the expenditure for this
work; and
WHEREAS, the estimated Capital Improvement Fund balance at June 30, is
$7,889,691; 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 $149,935
PASSED, APPROVED, AND ADOPTED THIS 6th DAY OF MAY 2014.
VIP
ayor
ATTEST:
///
Oity447/) ‘2(7
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. 2014-31 was duly and regularly passed and
adopted by the said City Council at a regular meeting thereof held on May 6,
2014.
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Resolution No.2014-31
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