CC RES 2026-052 RESOLUTION NO. 2026-52
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
2026-2027.
WHEREAS, on June 16, 2026, the City Council opened a duly published Public
Hearing to receive public input regarding the budget for Fiscal Year (FY) 2026-27.
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$58,188,786 for all City funds (net of City Council Policy Reserves) as of June 30, 2027,
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 2026-27 Revenue Budget is hereby adopted, establishing the
following Governmental and Internal Service Fund contribution levels:
101- GENERAL FUND $ 42,502,450
330- CI P 1,704,591
202- GAS TAX 1,280,988
203- 1972 ACT LANDSCAPE/LIGHT 414,460
204- GAS TAX-SB1 1,276,301
209- EL PRADO LIGHTING DISTRICT 5,462
211- 1911 ACT STREET LIGHTING 1,009,883
213-WASTE REDUCTION 220,990
214-AIR QUALITY MANAGEMENT 44,841
215- PROPOSITION C 903,166
216- PROPOSITION A 1,166,195
217- PUBLIC SA F ET Y GRANTS 242,987
220- MEASURE R 783,774
221- MEASURE M 4,061,802
222- HABITAT RESTORATION 2,060
223- SUBREGION ONE MAINTENANCE 26,710
224- MEASURE A MAINTENANCE 580,515
225-ABALONE COVE SEWER DISTRICT 65,534
228- DONOR RESTRICTED CONTRIBUTION 57,775
310- CD B G 230,000
331- FEDERAL GRANTS 3,934,715
332- STATE GRANTS 1,795,378
334- QUIMBY PARK DEVELOPMENT 2,163 111
336- LOW-MODERATE INCOME HOUSING 54,631
337-AFFORDABLE HOUSING PROJECTS 32,136
338- ENVI RON MENTAL EXCISE TAX 7,940
340- BICYCLE/PEDESTRIAN ACCESS 174,248
343- MEASURE W 1,459,122
681- EQUIPMENT REPLACEMENT 197,700
682- EMPLOYEE PENSION PLAN 40,891
TOTAL GOVERNMENTAL FUND REVENUES $ 64,279,408
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Resolution No. 2026-52
Page 2 of 6
Section 3: The FY 2026-27 Budget is hereby adopted, establishing the following
111 transfers into the following funds:
101- GENERAL FUND $ 320,000
330- CIP 9,200 000
222- HABITAT RESTORATION 215,000
223- SUBREGION ONE MAINTENANCE 55,000
225- ABALONE COVE SEWER DISTRICT 50,000
682- EMPLOYEE PENSION PLAN 400,000
*TOTAL OPERATING TRANSFERS IN $ 10,240,000
*(1) Excludes $15.000 transfers-in from the General Fund to the
Improvement Authority — Portuguese Bend; (2) CIP transfers-in
includes$889,500 for Ladera Linda payment, $3,425,800 to CIP Fund,
and$4,884.700 as an additional transfer to CIP Fund from unallocated
General Fund balance per City Council Reserve Policy, and; (3)
Includes$400,000 to Employee Pension per Pension Guidelines from
the unallocated General Fund balance.
Section 4: The FY 2026-27 Budget is hereby adopted, establishing the following
transfers from the following funds:
101- GENERAL FUND $ 9,935,000
217- PUBLIC SAFETY GRANTS 240,000
224- MEASURE A MAINTENANCE 80,000
*TOTAL OPERATING TRANSFERS OUT $ 10,255,000
*(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. $335,000 to
various funds, $3,425,800 to CIP Fund, and $4,884,700 as an
additional transfer to CIP Fund from unallocated General Fund balance
per City Council Reserve Policy, and; (3) Includes $400,000 to
Employee Pension per Pension Guidelines from the unallocated
General Fund balance.
Section 5: The FY 2026-27 Operating and Capital Improvement Budget Programs
are hereby adopted, establishing the following allocations.
Resolution No. 2026-52
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1110-CITY COUNCIL $ 97,100
1210- LEGAL SERVICES- CITY A D M I N 1,248,800
1310- CITY CLERK A D M I N ISTRATION RAT I O N 657,800
1311- GTYCLERK ELECTION 174,500
1410-CITY MANAGER 1,309,000
1420-COMMUNITY OUTREACH 115,700
1430- EMERGENCY PREPAREDNESS 274,600
1440- RPV TV 271,600
1450- HUMAN RESOURCES 559,400
1470- INFORMATION TECHNOLOGY- DATA 1,169,600
1480- INFORMATION TECHNOLOGY-VOICE 115,000
2110- FINANCE ADMINISTRATION 1,715,600
2999- NON-DEPARTMENTAL 2,448,200
3110- PUBLICWORKSADMINISTRATION 3,713,300
3120-TRAFFIC MANAGEMENT 267,000
3130- STORM WATER QUALITY 121,500
3140- BUILDING MAINTENANCE 611,800
3150-TRAILS&OPEN SPACE MAINT 1,158,100
3151- PARKS MAINTENANCE 932,500
3160-SEWER MAINTENANCE 100,000
3180-STREET LANDSCAPE MAINTENANCE 573,400
3230- FUEL MODIFICATION 320,000
3240-VEHICLES MAINTENANCE 125,000
4110-COMMUNITY DEVELOPMENT ADMIN 924,900
4120- PLANNING 1,360,800
4130- BUILDING&SAFETY 1,363,000
4140-CODE ENFORCEMENT 179,600
4150-VIEW R EST O RAT I O N 230,900
4170-GEOLOGY 170,000
4180-ANIMAL CONTROL 190,000
4190-CASP 9,000
5110- RECREATION ADMINISTRATION 1,865,400
5121- EASTVIEW PARK 124,950
5122-OPEN SPACE MANAGEMENT 610,450
5123- PRESERVE PARK RANGERS 441,000
5130- FRED HESSE JR. PARK 294,200
5131- CONTRACT CLASSES 145,800
5140- ROBERT E. RYAN PARK 130,200
5150- LADERA LINDA COMMUNITY CENTER 389,500
5160-ABALONE COVE SHORELINE PARK 3,000
5170-SPECIAL EVENTS&PROGRAMS 312,000
5171-CITY RUN SPORTS&ACTIVITIES 4,000
5172-VOLUNTEER PROGRAM 5,000
5180- POINT VICENTE INTER. CENTER 587,200
5190- REACH 162,800
6110-SHERIFF CONTRACT 8,896,500
6111- PUBLIC SAFETY DIVISION 982,660
SUBTOTAL GENERAL FUND EXPENDITURES $ 37,462,360
Resolution No. 2026-52
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330- OP $ 12,164,620
202- GAS TAX 2,543,570
203- 1972 ACT LANDSCAPE/LIGHT 413,430
204- GAS TAX-SB1 4,172,105
211- 1911 ACT STREET LIGHTING 581,100
213-WASTE REDUCTION 347,400
215- PROPOSITION C 965,000
216- PROPOSITION A 995,180
220- MEASURE R 3,595,000
221- MEASURE M 4,638,500
222- HABITAT RESTORATION 210,000
223- SUBREGION ONE MAINTENANCE 141,400
224- MEASURE A MAINTENANCE 500,000
225-ABALONE COVE SEWER DISTRICT 135,300
228- DONOR RESTRICTED CONTRIBUTION 21,000
310- CDBG 230,000
331- FEDERAL GRANTS 3,934,715
332-STATE GRANTS 396,500
340 BICYCLE/PEDESTRIAN ACCESS 140,000
343 MEASURE W 2,221,100
ISUBTO! OT HER FUNDS EXPENDITURES $ 38,345,920
681- EQUPMET REPLACEMENT $ 401,922
682- EMPLOYEE PENSION PLAN 881,000
SUBTOTAL INTERNAL SERVICE FUNDS EXPENDITURES $ 1,282,922
Resolution No. 2026-52
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PASSED, APPROVED and ADOPTED the 16th day of June 2026.
c . I
ATTEST: Paul S
eresa aoka, City Clerk
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, TERESA TAKAOKA, City Clerk of The City of Rancho Palos Verdes, hereby certify that
the above Resolution No. 2026-52 was duly and regularly passed and adopted by the
said City Council at regular meeting thereof held on June 16, 2026.
I
Te a Takaoka, City Clerk
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Resolution No. 2026-52
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| Draft Budget 2026-2027 City of Rancho Palos Verdes FY 2026-27 Fund Summary 61
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City of Rancho Palos Verdes FY 2026-27 Fund Summary
Fund Balance
6/30/2026
FY2026-27 Estimated
Resources
FY2026-27 Estimated
Appropriations Fund Balance
6/30/2027FundRevenuesTransfers In Expenditures Transfers Out
General Fund Balance 36,181,365 42,502,450 320,000 37,462,360 3,760,800 35,021,655
FY 2025-26 Unallocated & Unallocated
Transfers 2,759,000 -- - 6,174,200 6,174,200
Restricted Amount (Policy Reserve) 17,000,000 -- -- 18,607,200
General Fund Unallocated Balance 16,422,365 42,502,450 320,000 37,462,360 9,935,000 10,240,255
Restricted by Council Action
CIP Fund Balance 19,489,328 1,704,591 9,200,000 12,164,620 -18,229,299
Restricted Amount (Policy Reserve) 5,000,000 -- -- 5,000,000
CIP Unallocated Balance 14,489,328 1,704,591 9,200,000 12,164,620 -13,229,299
Equipment Replacement Fund 2,911,109 197,700 -401,922 -2,706,887
Restricted Amount (Policy Reserve) 2,212,400 -- -- 2,212,400
Equip. Replacement Unallocated Balance 698,709 197,700 -401,922 -494,487
Employee Pension Plan 922,266 40,891 400,000 881,000 -482,157
Subtotal Restricted By Council Action 16,110,303 1,943,182 9,600,000 13,447,542 -14,205,943
Restricted By Law Or External Agencies
Gas Tax 1,716,001 1,280,988 -2,543,570 -453,419
1972 Act 21,585 414,460 -413,430 -22,615
Gas Tax SB-1 3,093,083 1,276,301 -4,172,105 -197,279
El Prado Lighting 61,600 5,462 - -- 67,062
1911 Act 3,011,530 1,009,883 -581,100 -3,440,313
Waste Reduction 310,139 220,990 -347,400 -183,729
Air Quality Management 184,995 44,841 - -- 229,836
Proposition C 70,360 903,166 -965,000 -8,526
Proposition A 3,049,315 1,166,195 -995,180 -3,220,330
Public Safety Grants 42,154 242,987 - - 240,000 45,141
Measure R 2,811,296 783,774 -3,595,000 -70
Measure M 1,215,152 4,061,802 -4,638,500 -638,454
Habitat Restoration 401 2,060 215,000 210,000 -7,461
Subregion 1 Maintenance 729,134 26,710 55,000 141,400 -669,444
Measure A 68,697 580,515 -500,000 80,000 69,212
Abalone Cove Sewer Maintenance 142,036 65,534 50,000 135,300 -122,270
Donor Restricted Contributions 1,039,772 57,775 -21,000 -1,076,547
CDBG 27,146 230,000 -230,000 -27,146
Federal Grants (74,063) 3,934,715 -3,934,715 -(74,063)
State Grants (156,400) 1,795,378 -396,500 -1,242,478
ARPA 407,813 -- -- 407,813
Quimby 65,953 2,163 - -- 68,116
Low-Mod Income Housing 575,518 54,631 - -- 630,149
Affordable Housing In Lieu 996,038 32,136 - -- 1,028,174
Environmental Excise Tax (EET) 118,976 7,940 - -- 126,916
Bikeways -174,248 -140,000 -34,248
Measure W 1,954,681 1,459,122 -2,221,100 -1,192,703
Subtotal Restricted By Law Or External
Agencies 21,482,912 19,833,776 320,000 26,181,300 320,000 15,135,388
Total Governmental Funds 51,201,545 64,279,408 10,240,000 77,091,202 10,255,000 58,188,786
Improvement Authorities
Improv Auth - Portuguese Bend 131,824 3,502 15,000 51,000 -99,326
Improv Auth - Abalone Cove 1,196,248 22,800 -23,000 -1,196,048
Subtotal For Improvement Authorities 1,328,072 26,302 15,000 74,000 -1,295,374
Grand Total of All Funds 52,357,062 64,305,710 10,255,000 77,165,202 10,255,000 59,484,160
Resolution 2026-52
Exhibit A
Page 1 of 1
Exhibit A