CC RES 2015-105 RESOLUTION NO. 2015-105
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2015-47, THE BUDGET APPROPRIATION
FOR FY 15-16, TO ADUST THE BUDGET IN THE CAPITAL IMPROVEMENTS
PROJECT 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 16, 2015, the City Council of the City of Rancho Palos Verdes
adopted Resolution 2015-47; approving a spending plan and appropriating a budget for FY 15-
16: and
WHEREAS, on October 20, 2015 the City Council approved improvements for Lower
Hesse Park: and
WHEREAS, if approved by the City Council on December 1, 2015, staff intends to
submit a grant to the Los Angeles County Board of Supervisors for Proposition A grant funding
in the amount of$300,000 to fund a portion of the improvements at Lower Hesse Park: and
WHEREAS, the Proposition A grant is a reimbursable grant which requires that the project be
fully funded, which requires an increase of $300,000 in the Capital Improvements Project Fund:
and
WHEREAS, if the grant funds are received, then there will be no net impact to the Capital
Improvements Project Fund: and
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following adjustments are made to the FY 15-16 budget:
CIP
Parks, Trails & Open Space Improvements 330-3033-461-73-00 $300,000
Grant Revenues 330-3033-337-10-00 $300,000
PASSED, APPROVED, AND ADOPTED THIS 1st DAY OF DECEMBER 2015.
Mayor
ATTEST:
4y.
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. 2015-105 was duly and regularly passed and adopted by the said City Council at
a regular meeting thereof held on December 1, 2015.
&VC-127
L ‘14A/11-C__
City Clerk
Resolution No. 2015-105
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