CC RES 2023-034 RESOLUTION NO. 2023-34
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES
APPROVING A BUDGET APPROPRIATION AND
ADOPTING THE OPERATING AND CAPITAL
IMPROVEMENT BUDGET FOR FISCAL YEAR
2023-2024.
WHEREAS, on June 20, 2023, the City Council opened a duly published Public
Hearing to receive public input regarding the budget for FY 2023-24.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
Section 1: That a revenue and expenditure/expense budget is hereby adopted.
The adopted budget, by fund, is per Exhibit A with a total Estimated Ending Fund Balance
of$51 ,793,189 for all City funds (net of City Council Policy Reserves) as of June 30, 2024,
exclusive of the City's Improvement Authorities.
A. The City Manager is authorized to transfer certain Budget Appropriation
Balances within functions and/or programs when deemed necessary to do so in
accordance with Chapter 3.32 of the Rancho Palos Verdes Municipal Code.
B. City Council approval will be required for any significant changes involving
increased or decreased service levels.
C. The Director of Finance shall be responsible for constant monitoring of the
budget and shall establish and implement appropriate control mechanisms necessary for
said purpose, after approval by the City Manager.
Section 2: The FY 2023-24 Revenue Budget is hereby adopted, establishing the
following Governmental and Internal Service Fund contribution levels:
GENERAL $ 38,524,800
CI P 502,000
GAS TAX 2,263,700
1972 ACT 300
EL PRADO LIGHTING 3,880
1911 ACT 776,200
WASTE REDUCTION 197,400
AIR QUALITY MANAGEMENT 55,600
PROPOSITION C 1,003,900
PROPOSITION A 1,223,000
PUBLIC SAFETY GRANTS 170,100
MEASURE R 772,300
MEASURE M 852,800
HABITAT RESTORATION 3,800
SUBREGION 1 MAINTENANCE 9,400
MEASURE A 101,900
ABALONE COVE SEWER DISTRICT 61,100
DONOR RESTRICTED CONTRIBUTIONS 46,900
CDBG 150,000
FEDERAL GRANTS -
STATE GRANTS 690
ARPA 83,000
QU I M BY 7,600
LOW-MODERATE INCOME HOUSING 39,000
AFFORDABLE HOUSING IN LIEU 11,000
ENVIRONMENTAL EXCISE TAX 24,800
BICYCLE & PEDESTRIAN ACCESS 48,500
MEASURE W 690,300
TOTAL GOVERNMENTAL FUND REVENUES $ 47,623,970
Section 3: The FY 2023-24 Budget is hereby adopted, establishing the following
transfers into the following funds:
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Resolution No. 2023-34
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GENERAL 270,000
CIP 5,310,500
SUBREGION 1 MAINTENANCE 60,000
ABALONE COVE SEWER MAINTENANCE 70,000
EMPLOYEE PENSION FUND 301,000
*TOTAL OPERATING TRANSFERS IN $ 6,011,500
*(1) Excludes$15,000 transfers-in from the General Fund to the Improvement Authority-
Portuguese Bend. (2) CIP transfers-in includes surplus transfers per City Council Reserve
Policy of$889,500. (3) Employee Pension transfers-in includes transfers per Employee
Pension Guidelines of$291,300.
Section 4: The FY 2023-24 Budget is hereby adopted, establishing the following
transfers from the following funds:
GENERAL $ 5,746,800
PUBLIC SAFETY GRANTS 170,000
MEASURE A 100,000
TOTAL OPERATING TRANSFERS OUT $ 6,016,800
*(1) Includes $15,000 transfers-out from the General Fund to the Improvement Authority -
Portuguese Bend. (2) General Fund transfers-out include $889,500 prior year surplus to CIP
per City Council Reserve Policy and$291,300 to Employee Pension per Employee Pension
Section 5: The FY 2023-24 Operating and Capital Improvement Budget Programs
are hereby adopted, establishing the following allocations.
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City Council $ 118,900
Legal Services 950,000
Public Safety-Sheriff Services 7,872,000
Public Safety-Special Programs 377,000
City Manager 1,203,500
City Clerk 601,900
Community Outreach 89,300
Emergency Preparedness 219,900
Human Resources 446,000
Information Technology-Data 1,089,600
Information Technology-Voice 151,000
RPV TV 230,100
Finance 1,564,400
Non-departmental 2,327,800
Community Development Administration 760,900
Planning 1,407,900
Building&Safety Services 1,074,200
Code Enforcement 293,300
View Restoration/Preservation 401,300
Geology 160,000
Animal Control 230,000
Public Works Administration 3,309,800
Traffic Management 261,400
Storm Water Quality 312,400
Public Building Maintenance 717,700
Parks Maintenance 1,065,000
Street Landscape Maintenance 782,000
Trails&Open Space Maintenance 481,000
Fuel Modification 795,000
Vehicle Maintenance 72,500
Sewer Maintenance 75,000
Recreation Administration 1,264,400
Other Recreation Facilities 115,100
Fred Hesse Jr. Park 217,200
Robert E. Ryan Park 78,100
Ladera Linda Community Center 233,900
Abalone Cove Shoreline Park 148,700
Special Events 286,000
Point Vicente Interpretive Center 433,700
REACH 82,600
Recreation Support Services -
City Run Sports&Activities 3,000
Contract Classes 148,900
Volunteer Program 5,000
Park Rangers 513,600
Parking Enforcement 25,000
Eastview Park 39,200
Open Space Management 478,300
SUBTOTAL GENERAL FUND EXPENDITURES $33,513,500
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Street Maintenance - Pavement Management $ 980,900
Street Maintenance- Landscape Maintenance 605,000
Roadway Asset Management Program (CIP) 1,000,000
SUBTOTAL GAS TAX FUND EXPENDITURES $ 2,585,900
CIP $ 7,672,900
EL PRADO LIGHTING 500
1911 ACT 155,000
WASTE REDUCTION 298,000
AIR QUALITY MANAGEMENT -
PROPOSITION C 1,050,000
PROPOSITION A 854,227
MEASURER 685,000
MEASURE M 1,356,400
FEDERAL GRANTS 2,479,500
ARPA 3,212,600
STATE GRANTS 355,000
HABITAT RESTORATION 179,000
SUBREGION 1 MAINTENANCE 30,000
ABALONE COVE SEWER MAINTENANCE 173,500
DONOR RESTRICTED CONTRIBUTIONS 18,000
COMMUNITY DEVELOPMENT BLOCK GRANT 150,000
ENVIRONMENTAL EXCISE TAX -
BICYCLE & PEDESTRIAN ACCESS -
MEASURE W 608,300
SUBTOTAL OTHER FUNDS EXPENDITURES $ 19,277,927
EQUIPMENT REPLACEMENT $ 621,000
EMPLOYEE PENSION SERVICE FUND $ 135,700
SUBTOTAL INTERNAL SERVICE FUNDS EXPENDITURES $ 756,700
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PASSED, APPROVED and ADOPTED the 20th day of June 2023.
�� �• , lo Z--e A A A
Barbara Fe aro, Mayor
ATTEST:
"Jere a Takaoka, City Clerk
State of California )
County of Los Angeles )
City of Rancho Palos Verdes )
I, TERESA TAKAOKA, City Clerk of The City of Rancho Palos Verdes, hereby certify that
the above Resolution No. 2023-34 was duly and regularly passed and adopted by the
said City Council at regular meeting thereof held on June 20, 2023.
tires: -akaoka, City Clerk
Resolution No. 2023-34
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