CC RES 2024-038 RESOLUTION NO. 2024-38
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
2024-2025.
WHEREAS, on June 18, 2024, the City Council opened a duly published Public
Hearing to receive public input regarding the budget for FY 2024-25.
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$66,473,980 for all City funds (net of City Council Policy Reserves) as of June 30, 2025,
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 2024-25 Revenue Budget is hereby adopted, establishing the
following Governmental and Internal Service Fund contribution levels:
GENERAL $ 39,454,300
CI P 600,000
GAS TAX 1,184,600
GAS TAX S B-1 1,123,800
1972 ACT 800
EL PRADO LIGHTING 4,800
1911 ACT 967,600
WASTE REDUCTION 211,000
Al R QUALITY MANAGEMENT 41,600
PROPOSITION C 969,200
PROPOSITION A 1,219,000
PUBLIC SAFETY GRANTS 192,300
MEASURE R 782,000
MEASURE M 831,000
HABITAT RESTORATION 4,000
SUBREGION 1 MAINTENANCE 15,000
MEASURE A 27,500
ABALONE COVE SEWER DISTRICT 61,800
DONOR RESTRI CTED CONTRI BUTI ONS 50,500
CDBG 150,000
FEDERAL GRANTS 5,714,900
STATE GRANTS 25,000
ARPA 85,000
QU I M BY 6,600
LOW-MODERATE INCOME HOUSING 48,600
AFFORDABLE HOUSING I N LIEU 25,500
ENVIRONMENTAL EXCISE TAX 12,500
BICYCLE & PEDESTRIAN ACCESS 42,000
MEASURE W 712,600
TOTAL GOVERNMENTAL FUND REVENUES $ 54,563,500
Section 3: The FY 2024-25 Budget is hereby adopted, establishing the following
transfers into the following funds:
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Resolution No. 2024-38
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GENERAL $ 250,000
CIP 5,920,650
HABITAT RESTORATION 150,000
SUBREGION 1 MAINTENANCE 60,000
ABALONE COVE SEWER MAI NTENANCE 70,000
EMPLOYEE PENSION FUND 400,000
*TOTAL OPERATING TRANSFERS IN $ 6,850,650
*(1) Excludes $15,000 transfers-in from the General Fund to the Improvement Authority-
Portuguese Bend and(2) $221,350 in prior year unallocated fund balance to fund the
remaining portion of the increase to property tax assessments for ACLAD & KCLAD; (3)
General Fund transfers-out include $889,500 for Ladera Linda payment and$1,178,650 as
an additional transfer to CIP Fund from prior year unallocated fund balance per City Council
Reserve Policy;And(4) $400,000 to Employee Pension per Pension Guidelines.
Section 4: The FY 2024-25 Budget is hereby adopted, establishing the following
transfers from the following funds:
GENERAL $ 6,615,650
PUBLIC SAFETY GRANTS 170,000
MEASURE A 80,000
TOTAL OPERATING TRANSFERS OUT $ 6,865,650
*(1) Includes $15,000 transfers-out from the General Fund to the Improvement Authority-
Portuguese Bend;(2) General Fund transfers-out include $889,500 for Ladera Linda payment
and$1,178,650 as an additional transfer to CIP Fund from prior year unallocated fund
balance per City Council Reserve Policy;And(3)$400,000 to Employee Pension per Pension
Guidelines.
Section 5: The FY 2024-25 Operating and Capital Improvement Budget Programs
are hereby adopted, establishing the following allocations.
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Resolution No. 2024-38
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City Council $ 120,100
Legal Services 975,000
Public Safety-Sheriff Services 8,171,600
Public Safety-Special Programs 462,000
Public Safety Division 380,200
City Manager 1,092,800
City Clerk 838,250
Community Outreach 86,700
Emergency Preparedness 290,300
Human Resources 538,900
Information Technology-Data 1,096,300
Information Technology-Voice 151,000
RPV TV 225,900
Finance 1,574,500
Non-departmental 2,141,000
Community Development Administration 837,600
Planning 1,390,900
Building&Safety Services 1,126,400
Code Enforcement 256,900
View Restoration/Preservation 401,200
Geology 170,000
Animal Control 220,000
Public Works Administration 3,611,700
Traffic Management 269,500
Storm Water Quality 376,500
Public Building Maintenance 581,500
Parks Maintenance 1,162,000
Street Landscape Maintenance 551,500
Trails&Open Space Maintenance 1,116,000
Fuel Modification 700,000
Vehicle Maintenance 107,500
Sewer Maintenance 59,000
Recreation Administration 1,593,400
Other Recreation Facilities 6,000
Fred Hesse Jr. Park 244,800
Robert E. Ryan Park 111,400
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Ladera Linda Community Center 238,000
Abalone Cove Shoreline Park 222,100
Special Events 517,400
Point Vicente Interpretive Center 547,700
REACH 237,900
City Run Sports&Activities 5,500
Contract Classes 153,900
Volunteer Program 5,000
Park Rangers 319,600
Eastview Park 48,500
Open Space Management 443,200
SUBTOTAL GENERAL FUND EXPENDITURES $ 35,777,150
*(1)Total includes$488,000 for increases in property tax assessments from the Klondike
Canyon Landslide Abatement District(KCLAD)and Abalone Cove Landslide Abatement District
(ACLAD)
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CI P $ 11,692,500
GAS TAX 1,819 300
GAS TAX SB-1 633,000
EL PRADO LIGHTING -
1911 ACT 1,3 71,100
WASTE REDUCTION 319,200
AIR QUALITY MANAGEMENT -
PROPOSITION C 1,085,000
PROPOSITION A 905,400
MEASURE R 3,230,000
MEASURE M 1,523,400
FEDERAL GRANTS 5,714,900
ARPA 660,050
STATE GRANTS 217,000
HABITAT RESTORATION 182,000
SUBREGION 1 MAINTENANCE 49,400
ABALONE COVE SEWER MAINTENANCE 157,500
DONOR RESTRICTED CONTRIBUTIONS 17,000
COMMUNITY DEVELOPMENT BLOCK GRANT 150,000
ENVIRONMENTAL EXCISE TAX -
BI CYCLE & PEDESTRIAN ACCESS 150,000
MEASURE W 898,600
SUBTOTAL OTHER FUNDS EXPENDITURES $ 30,775,350
EQUIPMENT REPLACEMENT $ 678,489
EMPLOYEE PENSION SERVICE FUND $ 395,000
SUBTOTAL INTERNAL SERVICE FUNDS EXPENDITURES $ 1,073,489
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PASSED, APPROVED and ADOPTED the 18th day of June 2024.
ATTEST: MAYOR
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. 2024-38 was duly and regularly passed and adopted by the
said City Council at regular meeting thereof held on June 18, 2024.
111
CI Y CLERK
Resolution No. 2024-38
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