FEBRUARY 1, 2005LOS ANGELES AIR FORCE BASE REGIONAL ALLIANCE FEBRUARY 1, 2005LOS ANGELES AIR FORCE BASE REGIONAL ALLIANCE

TO: HONORABLE MAYOR AND COUNCILMEMBERS

FROM: CITY MANAGER

DATE: FEBRUARY 1, 2005

SUBJECT: LOS ANGELES AIR FORCE BASE REGIONAL ALLIANCE

RECOMMENDATION

Adopt Resolution No. 2005- XX, amending Resolution 2004-45, the budget appropriation for FY 04-05, for a budget adjustment to the City’s General Fund.

BACKGROUND

Chapter 3.32 of Title 3 of the Rancho Palos Verdes Municipal Code sets forth guidelines to the City’s budget administration. Section 3.32.070 of the Code requires that all expenditures in excess of a program/function’s budgeted allocation must be approved by supplemental appropriation by the City Council.

DISCUSSION

On January 24, 2005, the City Council authorized a $5,000 contribution to support the LAAFB Regional Alliance efforts. The $5,000 LAAFB campaign contribution is an unbudgeted expense and therefore a supplemental appropriation to the FY 04-05 General Fund budget is necessary to satisfy budgetary compliance. Staff requests a budget adjustment in the amount of $5,000 from the General Fund Reserve.

FISCAL IMPACT

The requested $5,000 budget adjustment to the General Fund budget program Community Outreach—City Grants will be transferred from the General Fund Reserve. The estimated General fund Reserve prior to this fund transfer is $13,198,028 as shown in the attached Statement of Estimated General Fund Reserves.

Respectfully submitted:

Les Evans

City Manager

Attachments: Draft Resolution Amending the Budget

FY 04-05 Statement of Estimated General fund Reserves

RESOLUTION NO. 2005-xx

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES,

AMENDING RESOLUTION 2004-45, THE BUDGET APPROPRIATION FOR FISCAL YEAR 2004-2005, FOR A BUDGET ADJUSTMENT TO THE CITY’S GENERAL 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 1, 2004, the City Council of the City of Rancho Palos Verdes adopted Resolution 2004-45 approving a spending plan and authorizing a budget appropriation for the 2004-2005 fiscal year; and

WHEREAS, the City Council desires to join the Los Angeles Air Force Base Regional Alliance in protest of potential military base closure; and

WHEREAS, the City Council authorized a monetary campaign contribution in support of the Los Angeles Air Force Base Regional Alliance; and

WHEREAS, the City Council desires that the FY 03-04 General Fund budget be increased by $5,000 from the General Fund Reserve to assure budgetary compliance.

BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES:

The following adjustments be made to the FY 04-05 budget:

Increase the General Fund budget as follows:

City Administration, Community Outreach 101-1005-411.93-00 $5,000.00

PASSED, APPROVED AND ADOPTED THE 1st DAY OF FEBRUARY 2005.

_____________________________

Mayor

ATTEST:

_________________________

City Clerk

State of California )

County of Los Angeles ) ss

City of Rancho Palos Verdes )

I, CAROLYNN PETRU, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above Resolution No. 2005-XX was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on February 1, 2005.

______________________________

City Clerk