CC SR 20171219 4 - History and Finances ACLADRANCHO PALOS VERDES CITY COUNCIL MEETING DATE: 12/19/2017
AGENDA REPORT AGENDA HEADING: Regular Business
AGENDA DESCRIPTION:
Consideration and possible action to receive and file report on the history and finances
of the Abalone Cove Landslide Abatement District (ACLAD) and the fiscal support the
City provides to the District.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file report on the history and finances of ACLAD and the fiscal
support the City provides to the District.
FISCAL IMPACT: There is no fiscal impact that is not included in the FY17-18
adopted budget.
Amount Budgeted: $74,600
Additional Appropriation: N/A
Account Number(s): Various
ORIGINATED BY: Allan Kaufman, Senior Administrative Analyst
REVIEWED BY: Deborah Cullen, Director of Finance
APPROVED BY: Doug Willmore, City Manager.){'., ---
ATTACHED SUPPORTING DOCUMENTS:
A. ACLAD's 10 -year Financial History (page A-1)
B. City's 10 -year Fiscal Support to ACLAD (page B-1)
C. Agreement between the Rancho Palos Verdes Redevelopment Agency
and ACLAD (page C-1)
D. Agreement between the Rancho Palos Verdes Improvement Authority and
ACLAD (page D-1)
BACKGROUND AND DISCUSSION:
In September 1978, the Rancho Palos Verdes City Council was presented with
information regarding movement along Palos Verdes Drive South and Narcissa Drive
that indicated a reactivation of an old landslide (i.e., the Abalone Cove landslide). The
City Council immediately established a building moratorium in the area and authorized a
series of geological investigations to ascertain the problem and identify potential
solutions.
In March 1979, proposed legislation designed to permit the creation of a Geological
Hazard Abatement District (CHAD) was presented to Senator Robert Beverly and
1
Assemblywoman Marilyn Ryan for introduction as an emergency measure. At the same
time, the City Council hired Robert Stone and Associates to perform a comprehensive
hydrogeologic investigation to determine the feasibility of dewatering the landslide.
Based on the investigation's findings, seven (7) dewatering wells were installed to
remove water and lower the groundwater level.
The Abalone Cove Landslide Abatement District (ACLAD) was created by the City and
property owners in the Abalone Cove community for the purposes of mitigation and
abatement of the Abalone Cove landslide. It was the first GHAD created in the state.
The District is governed by five (5) elected Directors, who serve 4 -year terms and are
elected from among the property owners in the District. The Board is assisted by a
Secretary and Manager of Well Operations, and meets the second Wednesday of each
month at 7:30 PM in the Community Room of the Rancho Palos Verdes City Hall.
On January 1, 1980, Senate Bill No. 1195 authorized the formation of a GHAD into law.
After the passage of the SB 1195, the City Council adopted Resolution 80-3, which
created ACLAD. Prior to the forming ACLAD, property owners within the Abalone Cove
area agreed to finance the drilling of six (6) dewatering wells. The wells came into
operation in mid-April 1980. Following the formation of ACLAD, the property owners
transferred the wells to the District in 1981.
ACLAD's Landslide Abatement Strategy
Abatement efforts that ACLAD operates and maintains to prevent movement of the
Abalone Cove landslide include, but are not limited to:
• Dewatering wells and associated discharge lines.
• Easements to assure access to the dewatering facilities.
• Monitoring groundwater elevations throughout the District.
• Reviewing measurements of the Global Positioning System (GPS) for evidence
of slide movement.
• Coordinating with the City to maintain certain storm culverts and other
improvements related to landslide abatement.
ACLAD believes the most effective abatement strategy is its dewatering wells.
Currently, the District operates and maintains 13 producing dewatering wells. These
include wells drilled during the formation of ACLAD by the interim homeowners
association, wells drilled under the authority of ACLAD, and wells drilled by the
City/Redevelopment Agency (RDA), funded by the Horan lawsuit settlement funds and
subsequently transferred to ACLAD under an agreement between the City and the
District.
ACLAD also monitors the GPS stations annually and takes measurements for evidence
of possible slide movement, as well as working with the City to maintain the storm drain
culvert extending beneath Palos Verdes Drive South at Altamira Canyon. The District
2
conducts or contracts investigations related to the geology, rainwater discharge and
groundwater flow in the area to aid in evaluating and developing abatement efforts.
An agreement (Attachment C) was executed on April 4, 1994, between the former
Rancho Palos Verdes RDA and the Joint Powers Improvement Authority -Abalone Cove
(JPIA-Abalone Cove). JPIA was formed in September 1990 to install, construct, and
maintain public capital improvements necessary to abate geologic hazards in the City of
Rancho Palos Verdes and to accept financial assistance from other public agencies to
provide for the implementation of the 1987 Reimbursement and Settlement Agreement.
Per this agreement, the RDA agreed to install five (5) additional dewatering wells based
on the recommendation of then -City Geologist Dr. Perry Ehlig. The financial obligations
to the RDA were outlined in the following sections in the agreement:
RDA may connect its five new dewatering wells to the existing ACLAD
drainage network. All costs associated with the installation of the five new
dewatering wells and connection to the existing drainage network including,
without limitation, drilling; installation of new drain pipes; acquisition of
easements from affected property owners; repairs or remediation of any
problems caused by the installation of the new wells, pipes and connections;
and any clean-up after the work is completed, shall be borne by RDA.
2. RDA also shall be financially responsible for the operation, repair,
maintenance, and monitoring of its existing dewatering wells, the five new
dewatering wells and the facilities connecting the RDA wells to the existing
drainage network.
6. RDA shall bear the cost of maintenance and repair of any drainage facilities
which serve only dewatering wells owned by RDA.
Another agreement (Attachment D) was reached on May 2, 2000, between the JPIA-
Abalone Cove and ACLAD. This agreement gave the Authority sole discretion to
reimburse ACLAD for certain expenditures directly related to the maintenance of
ACLAD's dewatering wells and discharge lines that were not included within the scope
of the April 4, 1994, agreement with the RDA.
ACLAD Financin
In addition to being a GHAD, ACLAD is also an assessment district. Using a formula
based on the size of a lot and its improvements, each property owner in the District is
assessed annually to pay for the cost of the various abatement facilities and ACLAD
administrative costs as allowed under the California Improvement Act of 1911. Each
property owner receives an annual bill, which can be paid directly to ACLAD or be paid
as part of the property owner's property tax bill.
In FY17-18, the District is expected to collect $115,300 in total assessments. Together
with income from assessments, cash reserves and the City's financial support, the
9
District appropriated a FY17-18 Budget of $109,600. The City is the largest property
owner within the District, and provides the largest annual assessment. The City is
expected to contribute $62,600 or 54% to ACLAD's total assessments in FY17-18.
ACLAD has provided Staff with its 10 -year financial history (Attachment A). Based on
this information, the ACLAD is reporting their FY16-17 ending fund balance/cash
reserve to be approximately $308,000. At the present time, Staff has requested
additional documentation to resolve outstanding questions pertaining to the District's
financial reporting.
City Financial Support of ACLAD
City -funded maintenance within the Abalone Cove landslide area is funded in
accordance with the 1987 Landslide Settlement Agreement between the City, the
former RDA and Los Angeles County, in connection to the Horan lawsuit. The
agreement required that $1 million of the original $10 million bond proceeds from the
County be set aside as a non -spendable deposit in a maintenance fund from which
investment earnings are to be used.
As a result, the City created the Joint Powers Improvement Authority — Abalone Cove
(JPIA-Abalone Cove) to hold the non -spendable deposit of $1 million. The interest
earned on the $1 million endowment is used to reimburse ACLAD for the maintenance
of wells that were funded by the former RDA and transferred to the City after dissolution
of the RDA in 2012. This reimbursement arrangement fulfills the requirement outlined in
the aforementioned April 4, 1994, agreement. There are currently 13 dewatering wells
in operation within the District, four of which are City -owned wells that are maintained by
ACLAD.
Aside from investment earnings, which have been used to financially support the JPIA-
Abalone Cove since its inception 30 years ago, the primary subsidy has come from the
City's General Fund. Through the annual budget process the General Fund subsidy is
determined by the estimated maintenance needs identified by ACLAD (operation cost)
and the shortfall after estimating the projected interest earnings (revenue generated).
The General Fund operating transfer to the JPIA-Abalone Cove in the FY17-18 Adopted
Budget is $38,000.
In accordance with Landslide Mitigation Measures adopted by the City Council in
December 2012 and in addition to the subsidy stated above, the City Council made a
financial commitment to fund the installation of new wells and the re -drilling of existing
wells on a reimbursement basis within the District from FY13-14 through FY15-16.
During this three-year period, the City allocated a total of $470,000. Of this amount,
only $121,500 has been spent thus far, mostly due to ACLAD facing difficulty securing
the necessary easements for the wells. The funds that were set aside by City Council
direction are still identified for this purpose.
CONCLUSION
El
In conclusion, ACLAD receives financial support from the City. ACLAD is currently
funded by annual assessments upon property owners in the District. The City is the
largest property owner in the District and is expected to contribute $62,600 in direct
assessment payments in FY17-18. Under the terms of the Horan settlement, the City
continues to subsidize the maintenance of dewatering wells in the District, four of which
are owned by the City. In FY17-18, the General Fund transfer to the Abalone Cove
Fund for this purpose will be $38,000. In addition, the City Council has authorized the
expenditure of $470,000 for new dewatering wells and re -drilling of existing wells, of
which $348,500 remains unexpended at this time.
��
(Final} As of June 30, 2008
A-1
Monthly Statement of Financial Activity, 2007-2008 Fiscal Year
Abalone Cove Landslide Abatement District
Acmnallo. Descripfion
AdopredBudgel
Ez endimresb Month
2007
1
1 1
2008
Annual
Current Available
Administration
2007-2008
July
August
Sept
Oct
Nov
Dec
Jan
Feb
Mar
April
May
June
Totals
Budget Balance
010 Support sta
16,800.00
14.00.00
1,400.00
1,400.00
1,400.00
1400.00
1,400.00
1,400.00
1,400.00
1,400.130
1,400.00
1,400.00
1,400.00
16,800.00
011 Legalexpetaes
2,000.00
204,00
204.00
1 796.00
013 Board mlored expenses
300.00
-
300.00
014 Election related expenses
500.00
96.30
77.04
173.34
326.66
203 t7ce expenses
1,000.00
276.0(1
144.00
137.47
146.15
703.62
296.38
_-
Total Adminlsiradon
20,600.00
1,400.00
1,400.00
1,676,00
1,640.30
1,818.51
1,400.00
1,400.00
1,400.00
1,400.00
I,546.15
1,400.00
1,400.00
17,880.96
2,719.04
Operations
012 Fieldstaff
7 800.00
650.00
650.00
650.00
650.00
650.00
650.00
650.00
650.00
650.00
650.00
650.00
650.00
7,800.00
0.00
015 Purchosedcansulringserv_ic_es
201`7 Uliliries
202 Inwronce
500.00
15,000.00
12,00000
1,2.4.3.30
1,142.46
- __
1,148.42
1,213.57
1,116_.24
1,12285
1,227.33
1,356.02
2,580.00
_
1,414.73
1,581.52
1,269.97_
1,262.59
1,274.25
_158152
14,791.73
2,580.00
-1,081.52
20827
9420.00
210 Easement renis
213 Purchased maintenance service/ its
2,100.00
5,000.00
1,714.64
6,825.00
1,800.00
2,100.00
325.00
2,100.00
10,664.64
0.00
__15_664 64
TotalOperalronr
42,400.00
1,893.30
1,792.46
3,513.06
1,863.57
1,766.24
1,77.2.85
8,702.33
6,386.02
2,064.73
5,926.49
1,9t2.59
11924,25
39,517.89
2,882.11
Total Warrants
63,000.00
3,293.30
3,192.46
5,189.06
3,503.87 1
3,584.75
3,172.85
10,102.33
7,786.02
3,464.73
7,472.64
3,312.59
3,324.25
57,398.85
5,601.15
Income
07/08 Assessment_
07108 Direct Payments Tolal rec. 06107
-- - 07108 Tax Collector Pa ents-r uesled
(563,000.00)
$36,686.98
(526,313.02)
�.
T
$187.67
$38.64
52,631.29
$952.9858,94222_
S12,587.49
524,648.45
Balance Owed
(526.313.02)
(926.313 02)1
(S26,125.35)1
$26,125.35
(SMJ25.35)1
(526.086.71)
_510460.77
S15.625.94)
512.994.65}
S12.041.67) _
Sl2,04L67
(53,099.45)1
59488.04
I 534,136.49
_
Bank Activi
Transfers from savings io checking
_ CD account Downed Savin s
$446.17
55,000.00
5407.88
515,000.00
$396.35
Sot 1.25
$399.63
$392.58
$15,000.00
$390.69
510,000.00
$366,885393.68
$5,000.00
5382.45
$5,000.00
5396.73
$263.13
$55,000.00
interest Savings
Interest LAIF
57.88
$458.27
$5.21
$4.07
$461.85
$10.20
50.32
S442.71
_ S3.59
$2.01
$0.04
$373.65
S1.59
$13.59
$48.50
$1,736.48 LAIF Int
Bank ChargeVChecking
-
$0.00
-
RPV Well Maintenance to Ms. Clarke
Ms. Clarke RPV maintenance payFncnl
RPV Maintenance Funds/Savings
(S600,00)
5600.00
(5600.00)
$60000
_
_
(5600.00)
$600.00 _
--
(S600-00)
5600.00
($600,00)
5600.00
567,500.00
(S3,000-00)
$3,000 00
ShathPum Paid from RPV Funds
Reserves
BofAChecking
S14.31
$1,821.85
511,632.79
88,12892
_
$4,544.17
$1,371.32
56,268.99
f S8,482.97
$5,018.24
$2,545.60
$4,233.01
S908.93
50.00
_
BofASavin s
LAIF
_ CD account Downey Savings
Total Reserves - 2007/2008
$38,372.99
835,136.66
$97,215.28
$170,739.24
_ 533,56587
535,136.66
597,623.16 _
$168,147,54
$18,569,94
$35,136.66
S98,019.51
$163,358.90
$18,569.94
$35,598,51
898,430.76
S 160,728.13 S
518,608.58_
$35,598.51
598,830.39
157 581.65
529079.55
$35,598.51
599,222.97
S 165,272.35 $
$16,711.16
536,041.22
$99,613.66
158,635.03
87,667.73_
536,041.22
$99,980.54
$ 152 172.46 S
$7,669.74
536,041.22
5100,374.22
149,103.42
$11,612.00
$36414.87
$100,756.67
S 151,329.14
_ S19,201.08
S36,414.87
5101 153.40
S 161,002.36
$111,363.12
$36,414.87
$101,416.53
S_250,103.45
_
Total Reserves - 2006/2007
$235,371-26
$231,542.50
$225,071.56
$220,320,30
$170,804.20
$222,029.13
S22 k, 117.92
$155,646.96
$147,520.68
$147,261.12
5158,332.94
5173,962.48
Total Reserves - 2005/2006
Total Reserves - 2004/2005
5209,042.49
$194,730.83
5202,549.42
$192,421.80
$252,434.88
5185,867.66
$249,088.08
$182,592.92
$245,796.54
$179,592.97
$254,986.91
5188,215.26
$255,460.83
5188,332.60
S251,675.42 7$246,221.10
$180,02152
5176,180.50
5250,834.35
S180,561.66
$279,433.53
5212,460.90
_ $236,829.96
$211,804.08
_
-- * Esumaled -
�- --
--
-
A-1
Final As of June 30, 2009
OVA
Monthly Statement of Financial Activity, 2008-2009 Fiscal Year
Abalone Cove
Landslide
Abatement District
Account No.
Description
AdoptedBudgel
Er endifures b Month
2008
1 2009
Annual
Current Available
Administration
2008-2009
July
August
ill 1 Re -drill
Sept
Oct
NOV
Dec
Jan
Feb
Mar
April
May
June
Totals
Budge[ Balance
010 Supporrstafj
16,80000
1,400,00
1,400,00
1,400.00
1,400.00
1,400.00
1,400.00
1,400.00
- -
1,400.00
1,400.00
1,400.00
1,40000
1,400.00
16,800.00
Oil le alexeenres _
2,00000
_
_
2,000.00
013 Board related erpe g
300.00
195.00
200.00
395.00
95.00
014 Election related ex euse_s
500.00
_
- _ _
_ 500.00
203 Office expenses
1,000.00
276.00
506.53l
T
914.28
244.67
1,941.48
941.48
Tolalddminisrradon
20,600.00
1,400.00
1,400.00
1,676,00
1,906.53
1,400.00
1,400.00
2,314.28
1,400.00
1,400.00
1,400.00
1,839.67
1,600.00
19,136.48
1,463,52
O eralioos
_ _
_
_
012 Fieldislaff
7,800.00
650.00
650.0.0
650.00
650.00
650.00
650.00
650.00
650.00
650.00
650.00
650.00
650.00
7,800.00
0.00
015 Purchased consulting services
500.00
-
500.00
201 Utilities
15,000.00
1,_4_6_0_._1.2
1,392.67
1,646.75
1,652.48
1,538.07
1,786.23
1,423.69
1,539.28
._1,423.42
1,288.83
1,352.68
_ 1,266.80
17,771.02
2,771.02
202 lnrurance
12,000.00
2,605.00
2,605.00
9,395.00
210 basepiewpaymenis
2,100.00
_
2,100.00
2,100.40
0.00
_ _
213 Purchased maintenance servicelparfs
5,000.00
2,470.00
1,037.50
2,445.00
1,905.00
2400.00
3,146.00
_
3,045.00
655.00
17,103.50
12,103.50
114 Well Rehab - 911 _ _
56,200.50
Total O eralloiu
42,400.00
2,110.12
4,512.67
3,334.25
4,747.48
4,093.07
4,836.23
5,219.69
7,839.28
2,728.42
4,038.83
2,002.68
1,916.90
47,379.52
(4,979.52)
Total Warrants
63,000.00
3,510.12
61,075.67
5,010.25
6,654.01
5 ,493.07
6,236.23
7,533,97
4,239.2E
4,128.42
5,438.83
3,842 .35
3,516.80
66,516.00
(3,516.00)
Income
-
08/09 Assessment
- (563,000.00)
- -
"-
08109 Direr[ Pa encs Total rec. 06/09
$36,614.65
0$109 Tax Coklector Payments-requcsled
526,385.35
_
$2,557.76
5132.24
$251.30
S111.07
$10,382.88
52,613.35
S676.67
58,903.67
543,175.85
11,006.16
$69,810.95
Balance Owed
526,385.3+5)(S23,827-59
523695-35)
_
$23,695.35
(523,444.05
JS23,444.05
523,332.98)
5[2.950.10
SID,336.75
59.660.08}
59.660.08)
5756.41)
$42,419941
$43425.60
Bank Activi
Transfers from savings to checking
$5,000.00
560,000.00
510,000.00
$5,000.00
$5,000.00
55,000.00
510,000.00
S5,00D.00
55,000.00
$5,000.00
$10,000.00
_
CD account Downey Savings
_
$250.16
5250.78
_
525140
5252.02
$252.64
5216.99
$211.79
5212.22
$219.74
$213.11
$213,65
SW.13
f merest Savin s
$22.36
_5.14.16
S1.31
$5.53
59.27
$3.37
53.67
5524
S0.10
$456
56.43
Interest LAIF_
$280.68
$256.12
$235.98
174.78
$947.56 LAIF lnt
_ _ _
Bank Charges/Checking
RPV Well Maintenance to Ms. Clarke
_
$60000
$600.00
S600.00
Ms. Clarke RPV maintenance payment
(5600.00)
($60000)
(5600.00)
RPV Maintenance Funds/Savings
$67,500 received in 2008
Strath Pump/ Paid from RPV Funds
Reserves
13ofA6ecking
$2,398,81
S1,323.14
56,312.89
$4,658.88
$4,165.81
52,929.58
$5,395.61
51,156,33
S2,02T91
$1,58908
$7,746.73
$4,229.93
BofASarings
$108,920.88
S49,075.48
539,340.94
534,342.25
$29,458.85
$34,851.00
$27,467.72
$23,148,06
"S18,153.30
522,057.07
555,237.48
556,250.07
_ LAIF
_
$36,695.55
536,695.55
S36,695.55
S36,951.67
S36,95L67
536,951.67
$37,187.65_
$37,187.65
$37,362.43
537,362.43
S37,362.43
538,309.99
CD account Downey Savings
$101,666.69
5101,917.47
$102,168.87
$102,420.89
5102,673.53
$102,890.52
5103,102.30
S103,314.52
_$103,534.26
$103,747.37
$103,961.0_2
5104,021.15
Total Reserves - 2008/2009
$249,681.93
5189,011.64
5184,518.25
$178,373,69
5173,249.86
S177,622.77
$173,153.28
$164,806.56
5161,077.90
$164,755.95
$204,307.66
5202,811.14
Total Reserves - 2007/2008
_
$170,73924
5168,147.54
5163,358.90
S 160,728.13
S 157,581.65
S 165,272.35
$158,635.03_
_ 5152,172.46
S149,103.42
$151,329.10
5161,002.36
5249,878.63
TolalReserves -2006/2007
5235,37126
$231,542.50
5225,071.56
$220,320.30
S00,804.20
5222,029.13
5221,117.92
5155,646.96
5147,520.68
$147,261.12
$158,332.94
__$173,962.4$
Total Reserves - 2005/2006
$209,042.49
$202,549.42
$252,434:88
5249,088.08
$245,796.54
S254,986.91
$255,460.83
5251,675.42
5246,221.10
S250,834.35
$279,433 53
$236,829.96
Total Reserves - 2004/2005
$194,730.83
$192,421.80
$185,867.66
S182,59292
$179,592.97
5188,215.26
SI88,332.60
S180,021.52
5176,180.50
$180,561.66
$212,460.90
$211,804.08
' Estimated __ -
--- - ---
-
OVA
Final As of June 30, 2010
A-3
Monthly Statement of Financial Activity, 2009-2010 Fiscal Year
Abalone Cove Landslide
Abatement District
Aoeourrr No. Descriplton
Adopted Budgel
Es rrdltaresh Month
1009
2010
Annual
Current Available
Adminlstrallon
2009.2010
July
Augusl
Sept
Oct
Nay
Dec
Jan
Feb
6far
April
May
June
Tnlals
Budget Valance
010 Suppartsiaff _
16,80D.D0
11400.00
1,400.00
1,400.0
_ 1,400.00
1,400.00
1,400.00 _
_ t,400.00
1,400.00
1 4(i_0.00
1,400.00
1,400.00
1.4000D_
16,800.00
0.00
oil Legal sffases
2,000.00
_
-
_-_
_
-.
-
_
2 OW'00
013 Band relafed espenses
300.00
_
19_5.00
195.00
105.00
014_ Election related _e_xp_ ernes
500.00
_
_ -_ _
87.74
_ _ _
_
87.74
412.26
_
ice nses
1,000.00
_
291.00
144.00
54.53
266.20
755.73
244.27
ToralAdminisrration
20,600.00
1,400,00
1,400.00
1,691.00
1,631.74
1,454.53
1,595.00
1,400.00
1,400.00
1,400,00
1,410.00
1,666.20
1,400.00
[7838.47
2,761.53
O eralions
_
012
Fieldsra
7,800.00
_
650.00
65D.00
650.00
650.00
650.00
65.0.00
650.00
- 650.00
650.00
650.00
650-00
650.00
7,800.00
_
0.00
015
Purchawdconsulting services
500.00
465.00
_
_
_
465.00
35.00
101
fll7ifies
15,000.00
1,347.49
1,398.97
1,322.13
1,104.09
1,18526
1,218.66
11319.51
1,046.78 _ _
1,060.83
1,12851
1,023.09
1,163.36
14318.68
_ 681.32
_
202
_
Insurance
12000.00
2,605.00
500.00
3,105.00
_ 8,895,00
210
Easementpaymentr
Purchasednroinlenancesenicel its
IWIIRh,h -
2�I00.00
5000.00
8,134.00
_---�
_ _
1
465.00
_
DO 00
5,235.00
_ _ _
_
_
2,100.00
6,850.00
. _
5,220,00
2,100.00
22570.00
0.04
(17,570-000
5,038.24
213
214
Total Operado a
_ _ 50,534.00
1,997,49
_
2,513.97
2,437.13
],754.09
_3,095.76
9,731.02
7,103.66
1,969.51
4,301.78
2,210.83
1,778.51
10,623.9
7,033.36
_ 50,358.68
(7,958-68)
Total Warrants
71,134.00
3,397.49
3,913.97
4,128.13
3,385.83
11,185.55
8,698.66
3,369.51
5,701.78
3,610.83
3,178.51
12,289,29
8,433.36
68,197.15
(5,197.15)
Income
09/10 Assessment
(571,134.00)
09110 Direct Pa)menls(Total rec. 06109)
S41051.06
09/I0 Tax Collector Paymenis-requested
S118.55
$86.515330-65
511,424.05
_ 516,466.23
11.712,23
$8,344.19
_ $60,127.96
$2,152__81
5100,76324
Balance Owed
($30.082 94)j
529,964.39)
529,877.82
(57,9,877.82)
57.9877-82
121,547-17
S18,123.12)
51656.89)
S55.34
$55.34
$8399.57
551,728.43)
553,881.23
Bank Activit
W
TransfersGomsavings10checking
$5,000.00
55,000.00
_
$5,000.00
S15,000.00
_ $5,000.00
S5,W0.00
55,000.00
55,000.00
$15,000-00
$3,348.79
55,000.00
CD account Downey Savings
S22-39
522.40
S2i 68
$22.41
$21.69
$11.57_
$8.97
58.10
- $897
_ S8.68
_ b8.97
$8.68
_
_ _
IntefeslS"ings
32-19
54.13
$6,33
$0,77
54.04
S3.81
-_ S1.21
$3.30
$534
$2.97
S2.94
$7.97
._
_
Interest LAIF
_
f- - '
$140.43
_ _
$84.81
_
S572_8
-
_ $51.72
5334.24 LAIF Int. _
_ BS nk ChargesJCheckin
--
- ---
- ---
-
- -- -
-. - -
-
-
RPV Well AfaintenanoetoM_s. Clarke
(5600-00)
(SS0000
_
(51,200.0)
Ms. Clarke APV maintenance a enl
$600.00
_
$800.00
$1,200.00
RPVMaintenance Funds/Savings-
_.
_
_
_
Strath Pum Paid from RPV Funds
Reserves
BOfAChecking
55,832.44
56,918.47
52,790.34
$4,40451
$8,218.96
S4,520.30
S6,15079
$5,449.01
$6,838,18
S18,659.67
S6,370.38
$2,937,02
B of A Savings
_
$51370.81
546,46151
546,467.84
S41 468.61
$26,803.30
$33,231.16
S44,698.60
541,414.13
$36,419.47
$29,166.453
S96,548.74
583,70 43
LAIF
_
$37,502.86
$17,502-86
S37,502.86
537,587.67
$37,587.67
$37,587.67
S37,644.95
_ S37,644.93
$37,644.95
537,696.67
S37,696.67
S31,06-67
CDaccountDown Savin s__
S104043-54
$104,065.94
5104,087.62_
5104,110.03
$104,131.72
5104143.29
5104,152.26
$104,160-36
$104,169.33
$104,178.01
5104,18698
$104,195.66
.
Total Reserves - 200912010
S198,749-65 _
8194,948.78
$190,848,66
$187,570.82
5176,741.65
5179,48242
$192,646.60
SMA845
$18507193
5190,300-98
_ $234,802.77
5228,538.83
Total Reserves - 2008/2009
$249,681.93
$189,011.64 S _
184,51825 S
178,373.69 5
173,249.86_ _ S
177,622-77 S
173,153.28 $
164,806,56 S
161,077.90 S
164,755.95
$204,31)7.66
$201,863.58
-
Total Reserves - 2007/21)08
5170,739.24
$168,147.54
$163,358.90 $
160,728.13 S
157,581.65 S
165,272.35
5158,635.03
$152,17246
$149,103.42
$151,329.10
$161,002,36
$249,878.63
Total Reserves - 200612007
S235,37126
_3231,542.50
$225,071.56
$220,320-30
S170,804.20
5222,029.13
3221,117.92
5155,646.96
$147_52068
$147,261.12
S1158,332.94
$17396248_
_
Total Reserves - 2005/2006
_
S209,042.49
S202,549A2
3252,434.88
S249,088.08
$245,796.54
$254,986.91
S255,46D.83
5251,675.42
$246,221.10 _
_ $250,874.35
5279,433.53
$236,829.96
_
*Estimated
A-3
Final As of June 30, 2011
M
Monthly Statement of Financial Activity, 2010-2011 Fiscal Year
Abalone Cove Landslide Abatement District
Account Na.
Description
Adopted Budge!
F.x endilares by Month
2010
2011
Annual
Current Available
Administration
2010.2011
July
August
Sept
Oct
Nov
Dec
Jan
Feb
Mar
April
May
June
Totals
Budget Balance
010 SITparlsta _ _
16,800.00
1,400.00
1,400.40
1,400.00
v
1,40000
1,400,00
1,400.00
1,400.00
1,400.00
1,400.00
_ 1,400.00
1,400.00
1,400.00
16,800.00
0.00
011 to al ex eases
2,000.00_
_
2,000.00
013 Board related expenses
300.00
195.00
15332
348.32
_a832
_ 014 F.lectfonrelated experses
500.00
_
500.00
203 Office exenses
1,000.00
388.04
372.91
154.70
_
91561
84.39
TotalAdmhristration
_
20,600.00
1,400.00
1,400.00
1,788.00
1 1,772.91
1 1,400.00
1,400.00
-
1,595.00
1,400.00 1
1,400.00
1,554.70
1 1,553.32
1,400.00
18,063.93
2,536.07
operations
012 Field stiff
---
9,800.00
816.66
816.66
816.66
8_16.66_
_8.16.6b
816.66
816.66
816.66
816.66
816.66
816,66
816.66
9,799.92
0.08
015 Purchased consulfbig semces
500.00
_
_
500.00
201 Utllides
16,000.00
1,699.15
1,668.43
1,514.07
1,618.68
1,13894
1,286.97
1,289.78
1,240,84
1,035.92
1,078.57
1,135.66
1,113.30
15,82031
179.69
202 Insurance
10,000.00
_ W
2,875.09
_
62012
3,495.21
6,504.79
210 Fasenrerd a menu
2,10000
__
2,100.00
_- 50.00
2,150.00
-50.00
213 Purchased marurenanceservicel arts
10,000.00
2,820.00
3,225.00
2,620.00
3,040.00
_ _ -
1,894.00
3,040.00
_
16,639.00
6,639.00
214 lWellRehab
13,420.00_
_
--
13,420.00
215 Educational malerials - _
2,000.00
1,790.00
_
_
1,750.00
250.00
Tota10 eratlans
63,820.00
5,335.81
7,460.09
4,950.73
2,435.34
4,995,60
2,103.63
2,106.44
6,826.59
4,892.58
3,995.23
2,622.44
1,929.96
49,654.44
14,165,56
Total Warrants
84,420.00
6,735.81
8,860.09
6,738.73
4,208.25
6,395.60
3,503.63
3,701.44
8,226.59
6,292.58
5,549.93
4,175.76
3,329.96
67,718.37
16,701.63
Income
10111 Assessment
(579,420.00)
10/11 Ditecl Payments otalrec. 06110
_S_6_2,280.77
10/11TaKCO11eC1efPa eras -r uested
_(S17,139.23
Payment bLA County Tax Collector
$325.82
52,752.89
5179.28_
525_3.01
$7,028.18
$1,773.92
50.00
$0.00
S8,258.11
$62,553.62
55,569.63
_ $88,694.46
Balance Owed
S 17.139 73
S16,813,41
(S 1,060.52
(513,881.24
513,881.24
513,628.23
S6,G00.05
54,826.13
54 826.13
54,826.li
53,431.98
565 985.60
571 555.23
_
Bank Activity
Transfers from sat s to checkin
S10,000.00
510,000.00
S10,000.00
S5,00000
55,000,00
$10,000.00
_5.12,0_49.38
510,000.00
CD account DqVT-ey Savings
$8.97_
W98
$8.68
S8.98
$8,68
S5 50
54.49
54.06_
S4.48
54.35
54.49
$4-34
Interest Savin s51.40
-
_ _
$6.78
$694
$2,69
54.24
$3.95
----_---_
_
52.05
$2.68
$5.71
-
InterestLAIF
-_
552.26
S48.75
S4_3_.4_1
547.34
Bank ChargeslChel-king
RPV Well Maintenance to Ms. Clarke
_
S40000
S400,00
S800.00
$600.00
Ms. Clarke RPV maintenancepayment_ _
_
(S40000)
(5400.00)
(5800.00)
(5600,00)
RPV Maintenance Funds/Savings
-
Strath Pump/ Paid from RPV Funds
Reserves
B ofA Checking F
S6,201.21
57,341.12
510 602.39
S6,394.14
54,998.54
56,494.91
$2,843.47
S2,567.50 _
_ S8,324.30
$2,77437
$8,598.61
-_ $5,268.65
B ofA Savings
$74,036.70_
S66,796,37
$56,982,59
$56,982,59
$52,238.29
$54,270.71
556,044.63
$46_048.58-
$34,001.25
S42,259.36
S94,815.66
_ $100,391.00
LAiF
$37,748,93
$37,748,93 1
$37,748,93
$37,797,68
537,797.68
$37,797.68
$37,841.09
537,841.09
537,841.09
537,888.43
S37,888.43
$37,888.43
CjjacwLwnt Downey Savings
_
_5_104,204.63
$104,213.61
$104,222.29
S104,231.27
$104,239.95
S104,245.45
5104,249.94
_S104,254.00
S104,258A8
$104,262.83
S104,267.32
$104,271,66
_
Reslrided reserves
_ _ _
$5,000.00
$5,000.00
55,000.00
S5,000,00
$5,000.00
$5,000.00
$5,000.0_0
$5,000.00
$5,000.00
S5,000.00 _
_ 55,000.00
$5,000.00
Total Reserves -201012011
$217,19147
$216,100.03
$209,556.20
$205,405.68
S199,274.46
S202,_H&75
$200,979.13
8190,711.17
5184,425.12
5187,184.99
S245,570,02
$247,819.74
Total Reserves -2009.2010
5198,749.65
8194,948.78
S190,848.66
$187,510.82
5176,741.65
$179,482.42
SI92,646.60
S188,668.45
$185,071,93
$190,300.98
$234,802.77
$228,538.83
_
Total Reserves - 2008/2009
$249,681.93
5189,01164
$184,518.25
5178,373.69
5173,249.86
S177,62297
$173,15328 3 164,806 56
$161,077.90
$ 164,755.95
$204,307.66
5201,863.58
Total Reserves - 2007/2008
5170,739.24
5168,147.54
$163,358.90
$160,728.13
S157,581.65
5165,272.35
5158,635.03
S152,17246
$149,103.42
$151,329.10
5161,002.36
S249,878.63 _
Total Reserves - 2006/2007
5235,371.26
$231,542.50
5225,071.56
$220,320.30
S170,804.20
$222,029.13
$221,117.92
$155,646.96
$147,520.68
S147,261.12
5158,332.94
S173,962.48_
Total Reserves - 2005/2006
5209,042.49
5202,549.42
5252,434.86
5249,088.08
S245,796.54
S254,986.91
S255,460.83
$251,675.42
$246,221.10
5250,834.35
5279,433.53
$236,829.96
M
Final As of June 30, 2012
A-5
Monthly Statement of Financial Activity, 2011-2012 Fiscal Year
Abalone Cove Landslide
Abatement District
Account NO.
Description
Rdopsed Bridger
Fr nditures by Month
2011
L
2012
Annual
Current Available
Administration
2011.2012
July
August
Sept
Oct
Nov
Dec
Jan
Feb
Mar
April
May
lune
Tolals
Budget Balance
010 Su risfaff
16,800.00
1,400.00
1,400.00
1,400.00
1,400.00
1,4 WOO
1,400.00
1,40000
1,400,00
1,400.00
1,400.00
1,400.OD
1,400.00
16800.Q0
S -
011 Le al ex eases
2,000.00
_
_-
_ _
S 2,040.00
013 Board related ex eases
300,00
195.00
195.00
$ 105.00
014 Fleciton related expenses
500.00
_
100.58
86.67
187.25
S 312.75
203 Office expenses
1,000.00
613.26
144.00
28.53
280.03
1,065.82
S _ 65.62
Total Administration
20,600.00
1,400.04
1 2,013.26 L
1,400.00
1 1,644.58
1,681.67
1,400,00
1,428.53
1 1,400.00 1
1,400.00
1,400.00
1,400.00
1 1,680.03
18,24807
IS 2,351.93
Operations
012 Field staff
- 9,800.00
816.66
816.66
816.66
$16.66
816.66_
816_.66
816.66
816.66
816.66
816.66_
816.66
816.74
9,800.00
S _
015 Purchased consulting services
500.00_
_
_
-
S 500.00
201 Utilities
16,000.00
1,153.41
1,309.90
1,200.82
1,515.17
1,244.86
1,105.01___
1044.49
1,006.13
1,066.51
1,533.89
1,334.85
1,289.42
14,804.46
S 1,195.54
202 Insurance
10,000.00
1,402.42
2,875.09
_
4,277.51
$ 5,722.49
210 Easenten! a anents
2,100.00
2,100.00
2,100.00
S
_
213 Purchasedmainlenameservice/ its
15,000.00
9,240.33
790.00
6,665.00
2,757.58
5,428.67
5,039.00
1,984.76
10,184.35
2,610.00
44,699.69
S 29,69969
214 Well Rehab #19 _
13,420.00
55,803.00
_
55,803.00
S (42,383.00)
215 F_ducwL,,nal materials
__
2,000.00
200000
- _ W
_
S 2,000.00
TotalOperotlons
68,820.00
11,210.40
2,916.56
2,017.48
10,399.25
4,819.10
7,350.34
1,861.15
9,736.88
3,867.93
2,350.55
12,335.86
6,816.16
131,484.66
S (62,664.66)
Total Warrants
89,420.00
12,610.40
1 4,929.82 1
3,417.48
12,043.83
t 62,303.77
8,750,34
3,289.68
11,136.88
5,267.93
3,750.55
13,735.86
78,496.191
149,732.73 1
5 (60,312.73)
Income
11/12 Assessment
-
(586,000.00)
11112 Direct Pa encs (Totalreo. 06111
568,060.51
11/12 Tax Collector Pa encs- uesled
(517.939.49)
jayrnent by LA Counly Tax Collector
S1,152.28
55_0_76.48
$25.17
57,048.95
$1,779.23
$1,892.02
$4,33533
$16,963.67
S57r241.54
595,514.67
Balance Owed
S17.939.19
(516,787.21
511,710.73
511.710.73)
511,710.73
(Sl 1,685.56)
54,636.61
52.857,78
52,857.38
5965.36)
$3,36997
520333.64
$77,575.18
$173089.85
Bank Activity
Transfers Prom saiings to checking
$15,000.00
$35,000.00
510,000.00
_
510,000.00
510,000.00
S10,000.00
510,000,00
CD account Downey Savings
$4.49
$4.49
S4 35
54.49
$4.34
54.49
_ S4.49
54.20
54.50
$4.34
54.49
$4.35
- Interest Savings -
$069
$10,75
$4.97
54.11
- --- -
52.61
S2.91
$2.87
52.35
$2.86
$5.11
-
Interest LAN
S44 97536.37
- -----
�.
$36.44
$35.73
-
Bank CharS&Checkin
_-
$3.00
---3.00
RPV Well Maintenance re: Ms Clarke
$400.00
s l ,000.00
$1,000.00
Ms. Clarke RPV mainlenancepayment
(5400.00)
(S1.000,00)
(S 1,000.00)
w
RPV Maintenance Funds
854,000.00
- - Strath Pump/ Paid from RPV Funds
-
Reserves
B ofA Checking
$4,242.62
$53,312.80
549,895.32
537,851.49
510,547.72
510,797.38
57,507.70
$6,370.82
$11,102 89
$17,352.34
54,613.48
$6,114.29
B of A Savings _-
S86,543.97
$91,631.20
$91,631.2Q
__$91,631.20__
_ S56,661.34
_ $53,714.40
555,496.24
545,49915
$37,394.04
$31,731.72
548,698.25
$95,944.90
LAM
537,933.40
537,933.40 ___-S.37,933.40
S37,969.77
537,969.77
537,969.77
538,006.21
$38,006.21
$38,006.21_
$38,041.94
$38,041.94
$38,041.94 _
CT) aowunlDowney Savings
$104,276.15
$104,280.64
5104,284.99
$104,289.48
5104,293.82
$104,298.31
5104,302.80
5104,307.00
S104,311.50
5104,315.84
S104,320.33
$1044324.68
Restrictedreumes
$5,000.00
S5,0_00.00
$5,000.00
55,000.00
55,000.00
55,000.00
$5,000.00
S5,000.00 _
_ S5,000.00
$5,000,00
$5,000.00
55,000.00
Total Reserves - 2011/2012
5227,996.14
5282,158.04
$278,744.91
S266,741.94
$204,472.65
5201,779.86
$200,312.95
S189,183.18
S185,814.64
$186,441.84
S190,674.00
5239,425.81
Total Reserves - 2009-2010
$198,749.65
S 194,948.78 S
190,848.66
S 187,570,82
S 176,741.65
$ 179,482,42
S 192,646.60_
S 188,668.45 $
185,071.93
S 190,300.98
S 234,802.77
S 228,538.83
Total Reserves - 2008/2009
$249,68[.93
S [89,011.64 S
184,518,25
S 178 373.69
$ 173,249 86
S 177,622,77
S 173,153.28_
S 164,806.56 S
161,077.90
S 164,755.95
S 204,307.66
S 201,863 58
_
Total Reserves - 2007/2008
5170,739.24
S 168,147.54 S
163,358.90
$ 160,728.13
S 157,581.65
5 165,272.35
S_158,635.03
S 152,172.46 S
149,103.42
5 151,329.10
S 161,002.36
S 249,878 63
Total Reserves - 200612007
5235,371 26
S 231,542.50 S
225,071.56
S 220,32030
5 170,804.20
S 222,029.13
S 221,117.92
S 155,646.96 S
147,520.68
S 147,261.12
S 158,332.94
S 173,962.48
Estimated -----
--
-
-
--
A-5
Final (As of June 30, 2013)
W •
Monthly Statement of Financial Activity, 2012-2013 Fiscal Year
Abalone Cove Landslide Abatement District
/(CCOalrl No. Description
Adopted Budget Expendriu,
es by Month
2011
2013
Annual
Current Available
Administration
2012-2013
July
August
Sept
Qct
Nov
Dec
Jan
Feb
Mar
April
May
June
Totals
Ilud et Balance
010 Supportsta
16,800.00
1,400.00
1,400.00
1,400.00
1,400.00
1,404.00
1,400.04
- 1,400,00
1,400.00
1,400.00
1,400.00 -
1,400.00
1,400.00
16,800,00
$ -
01l Le ales uses
2,000.00
___-
S 2,000.00
013 Board relalerlex expenses
300.40
195.00
1_95.00
$ 105.00_
014 Electron related expenses
500 00
S _ 500.00
203 Offlcenses_._-„_ .__.- ___
1,000.40
388.00
144.00
66.05
LL
1,096.77
1,694.82
S (694.82)
TatalAdminWratlon
20,600.00
1,400.00
1,400.00
1,788.00
1,544.00
1,661.05
1,400.00
1,400.00
1,400.00
1,400.00
1,400,00
1,400.00
2,496.77
18689.82
S 1,910.18
Operations
_ _
_
_-
_
01.2 Reldslaff
9,800.00
816,67
816,67
816,67
816.67
816.67
816.67
8_16_;67_
816.67
816.67
816.67
_816,67
816.63
9,800.00
S -
015 Purchased consulfing services
50000
S 500.00
16,000.00
1,483.9_6
1,541.34
1,167.89
1,866.87
1,644.81
1,532.93
1,527.21
1.722.28
1,82698
1,888.97
3,08_0.70
1,710.70
24,994.64
S (4,994.64)
202 Insurance
14,000.00
1,451.91 1
- -
3,033,49 1
4,485.40
$ 5,514.60
2I0 EasementpaymenU
2,100.00
2,100.00
2,100.00
5
_ _
213 Purchasedmawlenanceservicel ares
15,000.00
2,610.00
2,556.00
4,141.00
3,190.00
650.00
2,405.00
15,552.00
S (552,00
214 Re -drill Well 92
16,103,00
_
_
60,681.00
60,681.00
_S 44,578.00
215 8ducanonal rnarerials
2,000.00
_ -
S 2,400.00
Total Operations
71,503.00
2,300,63
4,968,01
3,436.47
2,683.54
2,461.48
2,349.60
2,343.88
8,128.44
6,784.65
7,995.64
4,547,37
4,932.33
113,613.04
5 (42,110.04)
TotalWarrmlft
92,103.00
3,700,63
6,368.01
5,224.47
4,227.54
64,803.531
3,749.60
3,743.88
9,528.44
8,184.65
9,395.64
5,947.37
7,429.10
132,302.86
s (40,199.86)
Income
12113 Assessment_
(592,103.00)
_
___...
12113 Direct P _en!s olal rcc_ 06112
573,389.18
12113 Tax ColleelorPayments-r uested
518,713.82)
Payment _byLACow Tax Collector
S893.17
Sl?15.fi8
5111.87
56,380.35
S1,611.02
S1,838.72
$3,799.88
$14,74913
361,737.24
S9_2,327.06
Balance Owed
S18,713.82
517,830.65
516,614.97
516,614.97
S16 614.97
(516.503.10)
($10,122.75
S8,511.73
(56,673.01)
($6,673.01
52,873.13
511,876.00
$73,613.24
Bank Aefivi
Transfers from savings to checking
_
510,000.00
S10,000.00
$65,000.00
_ _
_
S10,000.130
$10,000.00
510,000.00
510,000.00
55,000.00
_
CA account US Bank
S449
S4.49
$4.15
$4.49_
54.35
S4.49
$4.50
$4.05
54.50
54.35
S4.49
54.35
interest Savings
-_
S6,53
$5.94
$5.25
53.91_
50.43
$0.64
$3,65
S132
$3.25_
52.95
S2.58
S6.69
$22.44
Interest LAIF
533.79
S3199
$30.92
$26.56
BankChargeslChec"_ _
S19.00
--$19.00
_S3.00
3.00
$3.00
$3,00
53.00
J$19M.
S19.00
$19.00
578.54
3.00
RPV Well Maintenance to: Ms. Clarke
5600.00_
$600.00
$800.40
$600,00
_
Ms. Clarke RPV maintenance payment
(S600.00)
(5600,00)
(5800.00)
(5600,00)
` -
RPV Maintenance Funds
_
_ _ _
$6.0,6_81.00
_
Stralh PumW Paid From RPV Funds
-
Reserves
B of A Checking
_
$2,394.66
S6,00765
$10,78018
$71,549.64
$6,743.1_1_
52,990.51
$9,243.63
59,696.19
$1,492.54
$2,077.90
S6,051,99
$3,619.89
BofASavings
_ _
S96,834.60
S88,056.22
S78,061.47
$13,465.38
S13,177,68
$80,239,67
$71,854.34
$63,696.38
$63,699.63
S57,502.46
$62,254.17
5118,998.10
LAIF
538,075.73S38,075.73
538,475.73
$38,109,72
$38,109,72
$38,140.64
$38,140.64
$38,140.64_ _
538,167.20
539,167.20
S38,16720
CD account US Bank
5104,329.17
5104,33166
S104,338.01 _
_S38,109.72
S_144,34250
$104,346,85
S104,351.34
5104,355.84
$104,359.99
5104;364.39
S104,368.74
5104,373.23 _
S[04,377.58
Restricted reserves
S5,000.00
55,000.00
_ $5,004-00
$5,000.00
$5,000.00
$5,000.00
$5,000.00
S5,000.00
55,000.00
$5,000.00
S5,000.00
_ $5,000,00
Total Reserves - 2012/2013
$236,634.16
$231,473.26
S226,255.39
$222,067,24
$157,377.36
$220,691.24
$218,594.45
5210,893.10
5202,697.20
5197,116.30
5205,846,59
$260,162,77
Total Reserves - 2011-2012
$227,996.14 _
$282,158.04
S278,740.56
S266,733.10
$204,459.47
$201,762.19
5200,290.79
_S189,156.82 _
5185,783.78
$186,406,64
$190,634.31
S239,381.77
_
_
Tolal Reserves - 2009-2010 _
$198,749.65
S_194,948.78
S190,848.66
5187,570.82
$176,741.65
$179,482.42
5192,646.60
5188,668.45
5185,071.93
$190,300.98
$234,802.77
S228,539 83
Tolat Reserves - 2008/2009
5249,681.93 __
$189,011.64
5184,518.25
5178,373.69
S173,249.86
5177,622.77
$173,153.28
S164,806.56
S161,07790
5164,755.95
$204,307.66
5201,863.58
Total Reserves -200712008
S170,739.24
S168,147.54
5163,358.90
$160,728.13
S157,581.65
5165,272.35
S158,635.03
$152,172.46
5149,103.42
$151,32910
$161,002.36
S249,878.63
_
Total Reserves - 2006/2007
$235,371.26
8231,542.50
5225,071.56
5220,320.30
S170,804.24
5222,029.13
$221,117.92
S155,646.96
5147,520,69
$147,261.12
5158,332.94
S173,962.48
_
-�- Eslimatcd
W •
Final As of June 30, 2014
A-7
Monthly Statement of Financial Activity, 2013-2014 Fiscal Year
Abalone Cove Landslide Abatement
District
Account No. Description
AdopledBadget
Expenditures bMonth
2013
1
1
2014
-
Annual
Current Available
Admfnfslration
2013-2014
July
Aug-,
Sept
Oct
Nov
Dec
Jan
Feb
Mar
April
May
June
Totals
Budget Balance
010 Suppartstaff-__-_-__-_
16,800.00
1,400.00
1,400.00
1,40000
1400.00
1,400.00
1,400.00
1,400. DO
1,400.00
1,400.00
1400.00
1400.00
1,400.00
16,800.00
S -
011 Ix al expenses
2,000.00
__
-
S 2,000-00
013 Board related ei enses
-------
300.00
_--�.-- 195.00 --
_
__
195.00
$ 10500
014 Election relatedex enses
500.00
-
.._
77.04-
_
77.04
$ 422-96
203 Office es ares
—000.00
92.00
388.00
180,46
_ _
384.04
96.00
1,14050
$ (140.50)
TotalAdminislrarion
20,600,00
1,492.00
1,788.00 1
1,400.00
1,580.46
1,672,04
1,400.00
1,400,00
1,400.00
1,400.00
1,400.00
1,784.04
1,496.00
18,212.54
S 2,387.46
Operations
012 Fieldstaff
9,800.00
816.67
816,67
816.67
816 67
816.67
816.67
816.67
816.67
816.67
816.67
816.67
---
816,63
9,80O.00
S
015 Parchasedconsaltin services ---
500.00
_
--T 560.00
8,90000
--.
1,130.00
10,59000
$ 10,090.00
201 Urilwes
16 000.00
1,897.64
1,735.02
1,523.10
1,895.54
1,67795
_ )1519.24
1,426,58
1,654.71
1,453.83
1,31217
_ _ 998.22
1,721.11
18,815.11
S (2,815A
202 Insnronce
8,00000
._1,645.56
2,786.24
638,75
-- _
5,070.55
S - 2,929.45
210 Easemem men
2,100-00
__
_
2,300.00
2,300.00
S (200.00}
213 Purchased maintenance service/ arts
15,000.00
5,067-50
875-00
350.00
3,300.00
36,845.00
1,01574
4 210.00
5,649.50
4,800-00
62,072.74
S 47 072.74)
214 Re -drill Well
21,366,00
_
-
$ 21,366 00
215 Educational materials
S
216 Monitoring E i ment-level loggers
1,500.00 1
_
___1,015.74
1,015.74
S 484.26
Total Operations
- _74,266.00
7,781.81
2,551.69
4,860.33
3,062.21
6,354.62
_ -_2x35.91
2,243.25
51,002.62
3,924.99
8,638.84
m 8,554.39
7,337.74
109,664.14
S (35,398.14)
Total Warrants
94,866.00
9,273.81
4,339.69
6,260.33
4,642,67
8,026.66
3,735x1 1
3,643.25 1
52,402.62
5,324.99
10,038.84
10,338.43
8,833.74
127,876.68
S (33,010,68)
Income I
13114 Assessment
(S94,866.00)
13/14 Direct Payments(Total rec. 06113
$73,389.18
13114 Tax CoUcc(orPB enls-r uested
(821,476-82)
Payment by LA County Tax_ Collector
5674.36
540631
$38.55
_
56,87$.46
51,735.74
S2, 112,13
_ S3962.97
S3I,020.12
$56,783.14
_ $103,611.78
Balance Owed
S21,47682)
520,802.461
($20.396.15)
(520,357.60)
520,357-60)
jS20,357-60)
(SI3 47414
S11,743.40)
$9631.27
(59,631.27)
((S5,668.30)
S25,351.82
$82,134.96
S185.74634
BankAclivity
Transfers from savings to checking
510,00000
8.10,_0.00-00
S10,000.00
510,000.00
510,000.00
540,000.00
_ _510,000.00
510,000.00
$10,000.00
SI.0,600-00
5130,000.00
_
CD account US Bank
54.49
S4.50
$4.35
$4.49
$4.35
$4,50
$4.49
S4.D6
$450
$435
$4.49
$436
$52.93
TnterestSavings - -
$7.58
$7.21
$6.58
$566_
-
$3_66 _-
$2.BI
$288
$1.35
S0.88
S0.57
$0.72
SI.16
S41.06
Interes(LAIF
VIM
$24.70
_
$24.62
$21.74
S94.24
Bank Charges/Checking
$300 _
$3,00
S3-00
3.00
$3.00
$3.00
$3,00
$3,00
$3.00
S3.D0
5300
_ $3.00
S36.00
RPVWeIIMainlerrancere:Ms.Clarke
S600.00
5600.00
$1,200.00-
_ Ms. Clarke RPV maintenance a enl
(5600.00)
_
5600.001
_
($1,200.00)
Strath Pump/Paid from ACLADFunds
5060-00
$2,64060
$1,03000
_ ____
Strath Pum - reimbursement from RPV
_
$4,000.00
--
—
$1,050.00
Reserves
�^ _ _ BafACheckin
S4,343.08
$8,640.39
$2,377.06 _
_ r $5,091,39
S7,06L73
$7,322.82
S13,67657
5220.95
54,89296_ _
S4,851.12
$5,559.69
56,722.95_ _
BofASavin _.-
$109,680.04
$100,093,97
$100,139.10
$90,144.76
S80148.42_
,_$87029.69
S78,768.31
$40,881.79
330,882.67
$2484621
$45,867.05
$92,65135
LATF
_ $38,190.38
S38,190,38
$38,190.38
$38,215.08
$38,215.08
S38,215.08
538239.70__538,239-70
538,239.70
$38,261.44
S38,26L4_4_
538,261.44
CD account US Bank
$104,382.07
5104,386.57
-- S104,390.92
S104,395.41
$104,399-76
$104404.26
$104,408.75
$104,412.81
_$104,417,31
$104,421.66
5104,426.15
$104,430.51
-
___ Restricted reserves
$5000,00
$5,000-00
S5,000.00
$5000.00
551000.00
S5,000.00
55,000.00
55,000.00
55,000.0055000.00
�S167jg0.43
55,000.00
55,000.00
Total Reserves -2013/2014
_ _ _ _
5251,595.57
$246x1131
$240,097.46
5232,846.6-1
5224,824.99 _
5231,9 71.85
$'530,093.33
$178,755,25
$173,432,64
S189,11433
5237,066.25
Total Reserves - 2012/2013
$23_6,634,16_
$231,47326
$226,25539
5222,067.24
$157,377.36
5220,691.24
5218,594.45 _
_ $213,242.34
$202,697.20
5197,116.30
$205,842.10 _
S261,215.80
Total Reserves -2011-2012
$227,996.14
$282,158.04
5278,740.56
$266,733.10
$204,459-47
5201,762.19
$200,290.79
$189,156.82
$18578378
5186,406.64
5190,634.31
$239,38177
Total Reserves - 2009-2010
$198,749.65
$194,948.78
$19QW66
$187,570,82
$176,74 1.65
S179,48142
$192,646.60
5188,668.45
5185,071.93
5190,300.9S
$234,802.77
$228,538.83
Total Reserves - 2008/2009
$249,681.93
S189,01L64
$184,518.25
S178,37169
SI 73,249.86
$177,622.77
$173,153.28
5164,806.56
5161,077.90
5164,755.95
$204,307.66
$201,863.58
Total Reserves - 2007/2008
5170,739_24
_ _$_168,147-54
$163,358-90
5160,728.13
$157,581.65
5165,272.35
$158,635.03
$152,17_246
$149,103.42
5151,329.10
5161,002.36
$249,878.63
_
Total Reserve s - 2006/2007
$235,371.26
5231,54250
$225,07156
$220,32030
$170,60420
S222,029.131
$221,117.92
S155,646.96
$147,520-68
$147,261.12
$158,332.94
$173,96248
'Estimated
--
A-7
(Final As of June 10, 2015)
W
Monthly Statement of Financial Activity, 2014-2015 Fiscal Year
Abalone Cove Landslide Abatement District
Account No. Descri lion
Adopted Budget ExpendiluresbyMonth
1
2014 1
1
1
2015
Annual
Current
Available
Administration
2014.2015
July
August
Sept
Oct
Nov
Dec
.fen
Feb
Mar
April
May
June
Totals
Budget Balance
010 Support slafi'
16,800.00
1,400.00
1,400.00
1,400.00
1,400.00_
_ 1`40.00
1,400.00
1,400,00
1,400.00
1,400.00
1,40_0.0_0
1,400.00
1,400.00
_ 16,800,00
S
Ol l Le al ex nses
2,000.00
$
2,00000
012 Board related ex nses
300.00
_
195.00
50.00
245.00
$
55.00
013 Election related e.x.penses
500.00
S
500.00
014_ Office expenses
950.00
_
388.00
83.64
48_6,83
958.47
$
_ 8.47
015 113ank Charges - checking
50.00
I
I
I
$
50.00
_
Total Administration
20,600.00
1,400.00
_
51,788.00
1400.00
1400.00
1483.64
1595.00
1,400.00
1,400.00
1400.00
1400.00
1,450.00
1886.83
18,003.47
S
2596.53
Operation
-
_ _
_
_
_
200 Field staff
9,800.00
816.67
816.67
816.67
816.67
816.67
816.67
816.67
816.67
816.67
816.67
816.67
816.63
9,800.00
$
201 Purchased consullin services
10,000.00
580.00
_
580.00
S
9,420.00
202 Utilities _
22000.00
1,683.89
f,728.41
2,214.33
1,884.97
1,542.35
1,440.87
1,715.14
1,273.04
1,259.04
1,357,01
I,270.69
1,346,02
18,715.76
S
3,284.24
203 Insurance
OD
1,641.74
638.75
3,042.18
5,322.67
S
677.33
204 Easement payments
_§_000 __
2,500.00
2,300.00
2,300.00
$
200.00
205 Purchased maintenance service/parts
24,300.00
2,930.00
4,610.00
2,905.00
625.00
3,470.00
3,410.00
7,540.00
2,445.00
_
27,935.00
$
3,635.00
206 Monitoring E i mens -level loggers
1,000.00
1,992.05
1,992.05
$
(992.05
207 Educalional materials
100.00
$
100.00
208 New Well Funding/RPV Re -drill
160,000.00
59,575.00
_ _ _
_
$
100,425.00
209 Contingency Funds
3,309.00
_
_
S
1,309.00
_210 Ms. Clarke/Paid from ACLAD Funds
2,000.00
_
X1,200.00
$
800.00
211 Strath Pum Paid from ACLAD Funds
5,000.00
_
--
$
5 000.00
-_ ...
Total O erations
246 009.00
---
64 647.61
...-i..
5,475.08
---
9 282.74 1
5,606.64 1
2,984,02 1
5,727,54
5,941.81
2,728.46
12 657.89
8,118.68
2,087.36
$
120 751.17
Total Warrants
266,609.00
66,047.61
7,263.08
10,682.74
7,006.64
4,467.66
7,322.54
7,341.81
4,128.46
14,057.89
9,518.68
3,537,36
$
123,347.70
Income
14/t5Assessment
99609.00
14/lSDirect Payments (Total rec. 06112)
79,810,31
14115TaxCollector Payments -requested _
t9,798.69
l
_
Pa eats from LA Coun Tax Collector
290.13
$7,851.09
$2,37371
$4,554.20
$31 230.66
$52,493.58
Interest -CDaccount
50.00
$4.49 S
4.50
$4.50
$4.35
$4.50
_ _$1,979.39
$4.49
$4.07
$4.49
54.36
$4.49
$4.36
_
_USBank
Interest- Savings
40,00
0,98
_
0,36
__$_4.35
$0.22
_
$0.13
$1.01
$1.48
SIAO
_ $1.22
$1.09
$0.63
$0.89
$1.62
-
Interest - LAW
95.00
521.10
524.54
_ $2458
Ms. Clarke -reimbursement From RPV
2_000. 00 -
_
_S23.33
_
-
$1,200.00
_
_
Strath Pum -reimbursement from RPV
5,000.00
_ RPV Funds
_ 160 OO_0.00 _
__ _ , _ _
$59,575.00
100,425.00
Total Income
259 794.00
Bank Activity
Transfers from savings to checking65,000.00
10,000.00
10,000.00
5,000.00
$10,000.00
f $10,000.00
$10,000.00
$10,000.00
$9 000.00_139.000_00
_.
BankCltar e -/Checking
lReserves;
36.00
3.00
3.00
$3.0_0
3.00
$3.00
$3.OD
$3.00
$3.00
$19.00
$3.00
$3.00
$3.00
52.00
_
BankCharges/Savin s
$15.00
$15.00
$15.00
_
45.00
_
_
BofACheckin l -
$5,672.34
$8,406.26
$7,720.52
$710.88
_
$1,240.22
$3,914.68
$6,569.87
$2,438.41
($1638.48)
$39.84
$5,499.48
_ $1,447.00
-_
B of Savings
- - - --
-- 27,942.46
$17,942.82
$7,928.04
$7,913.17
$62,474.18
$60,326.75_
. $52,307,54
$54,68247
$44,683.56
$39,238.39
-$61 469.94
$113,965.14
LAW
$38,282.54
$3_8,282.54
338 28_2.54
$38,305.87
$38,305,87
$38,305 87
$38,330.41
$38,330.41
536,330.41
$38,354.99
$38,354.99
$38,354.99
T
CD account US Dank
$104,43500
$104,43950
$104,443.85
$104,448.35
$104,452.70
$104,457.20
$104,461.69
$104,455.76
$104,470.25
$104,474.61
$104,479.10
$104,483.46
_
Restricted reserves
_2014&15
$5,000.00
$5,000.00
$5,000.00
$5,000.00
$000.00 -
$5,01)0.00
$5,000.00
$5,000.00
$5,000.00
$5 000.00
$5,000.00
$5,000.00
Total Reserves -
$
$163,374.95
S156,378.27
S211,472.97
S212,04.50
S206,669.51
S204,917.05
S187,107.83
S214,903.51
S263,250.59
_
Total Reserves - 2013/2014
_ _ _
__$181,332.34
$251,595.57
_174,071.12
$246,311.31
$240,097.46
$232,846.64
$224,824.99
$231,971.85
_ $230,09333
___S190.845.74
$178,755,25
$173,432.64
5167,380.43
187,413.27
$-$205,842.
$178,800.64
Total Reserves - 201212013 _
$236,634.16
S273.26
3I 4
$226 255.39
S222 067 24
$157 377,36
S220,4
691,2
$218,594.45
$213,242.34
$202,697.20
$197,116.30
$205,842.10
$261,215.80
Total Reserves -2011-2012
$227,995,14
$282,158,04
$278,740,56
$266,733.10
$204,459,47
$201,762.19
$200,290.79
$189156.82 _
S185,783.78
$186,406.64
$190W4.31
5239,381,77
_
Total Reserves - 2009-20 10
$198,749.65
$194,948.78
$190,848.66
$187,570.82
$176,741.65
$179482.42
$192,646.60
$188,668.45
$185,071.93
$190300.98
$234,80277
$228,538.a3
Total Reserves -2008!2009
$249,681,93
$189,011.64
$184,518.25
$178,373.69
___
$173,249.86
5177,622.77
$173,153.26
$164,806.56
5161077.90
$164,755,95
$204,307.66
$201863.58
t Estimated
W
Final (As of June 30, 2016)
1 •
Monthly Statement of Financial Activity, 2015-2016 Fiscal Year
Abalone Cove
Landslide Abatement District
Account No. Descriplion
Adopted Budget Expenditures
by Month
2015 1
1
1
1
2016
Annual
Current Available
Administration
2015-2016
July
August
Sept
Oct
Nov
Dec
Jan
Feb
Mar
April
May
June
Totals
Budget Balance
010 Support slab.
16'800.00
1,400.00
1,40000
1,400,00
1,400.00
1,400.00
1,400.00
1,400.00
1,400.00
1,400.00
1 4_00.00
1,400.00
1,400.00
$
011 be al expenses
2,000.00
_
$ 2,000.00
_ _
012 Board related expenses
_
300.00
1,045.08
195.00
_
$ (940.08
013 Election related expenses
500.00
96.30
96.30
$ 500.00
_
014 Office expenses _ TT
95000
388.00
147.25
$ 414.75
015 Bank Charges - checking
50.00$
50.00
Total Administration
20 600.00
1,400.00
1,788.00
2,445.08
1,400.00
1,643.55
1,303.70
1,595.00
1,400.00
1,400.00
1,400.00
1,400.00
1,400.00
18 575.33
$ 2,024.67
Operations
_
_
200 Field staff
10,300.00
858.37
858.37
858.37
858.37
858.37
858.37
858.37
858.37
858.37
858.37
858.37
857.93
10,300.00
$
201 Purchased consul ling services
10,000.00
$ 10,000.00
202 Utilities
22,000.00
1,522.63
910.50
1,647.98
1,907.19
1,827.43
1,322.53
1813.14
1359.09
_
1320-22
1,318.76
1,310.96
1,26.2_.2.8
17,522.71
S 4,477.29
203 Insurance
6,000.00
1,583.21
_ _
638_.7.5_
3,190.78
2,810.00
8,222.74
$ (2,222.74)
204 Easement payments
2,500.00
_
2,300.00
2,300.00
5 200.00
205 Purchased maintenance service/ its
24,300.00
2,750.00
4,665.00
4,335.00
5,275.00_
1,532.00
3,090.00
1,795.00
23,442.00
$ 858.00
206 Monitoring E i mens -level loggers
1,000.00
-
S 1,000.00
Educational materials
100.00
_
S 100.00
208 _ New Well Fundin V Re -drill
240,000.00
_
60,51 1.00
_
$ 179,489.00
_
209 _ Contingency Funds
_ 5,229.00 _
$ 5,229.00
210 Ms. Clarke/Paid from ACLAD Funds
_ 2000.00
600.00
800.00
$ 600.00
211 Strath PumpV Paidfrom AC_ LA_D_Fun_ds
5,000.00
4,770.00
S 230.00
Total Operations
328,429.00
5,131.00
7,033,87
63,017.35
7,100.56
9,544,01
4,512.90
5,761.51
2,856.21
_
3,973.i9
7,667.91 1
4,979.33
S 206 850.76
Total Warrants
349,029.00
6,531.00
8,821.87
65,462.43
8,500.56
11,187.56
5,816.60
7,356.51
4,256.2I
5,373.59
9,067.91
6,379.33
S 208,875.43
Income
15116 Assessment
104,588,00
15116 Direct Payments (Total rec. 06115)
81;269.95
_
_ -_
15116 Tax Collector Payments _requested
23,318.05
_
Pymts rec. later/LA County Tax Collector
3,922.70
_
_ 69.11_
___819.40
1,971.28
2,876.23
4,366.38
86,206.78
$4,817.83-
112,049.71
Interest - CDaccou_ntUSBank
50.00
$4.50 $
4.50
_
$4,35
$4.50
5435
$4.50
$4.50
$4.21
$4.50
$4.36
$4.50
54.35
_
Interest -Savings
40.00
2.68
2.60
0.75
0.28
0.2.5
0.221
0.88
1.41
$1.38
52.11_
$3-41
Interest - LAIF
95.00 _
27.11
_0.48
30.90
35.55
$44.38
Ms. Clarke - reimbursement from RPV
_
2,000.00
600.00
800.00
Strath Pump - reimbursement from RPV
5,000.00
_ _ _ _
_
RPV Funds
160,000.00
_ _ _
$61,911.00
_
98,089.00
Total Income
264 773.00
Bank Activit
Transfers from savings to checking
10,000.00
9,000.00
65,000-009000
f _,.
_ 5 000
10,000.00
10,000.00
10,000.00
10,000.00
148,000.00
_
Bank Charges/Checking
3.6_00_
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
3.00
33.00
Bank Charges/Savings
15.00
15.00----15.00
30.15 --
-30 15
45.00
Reserves
B of A Checking
$4,913.00
$5,688.13
$5,222.70
$6,719.14
54,528.58
$4,508.98
$7,149.47
512,890.26
$17,513,67
$8,442.76
$12,060.43
$3 770.22
BofASavings
$107,890.52
$98,893.12
$33,893.87
$23894.35
$14.963.74 _
$17,768,39
$9,724.89
$64,49800
$54,499.41
$58,867.17
$135,045.91
$139,897.30
LAW
$38,382.10
$38,382.10
$38,382,10
$38,413.00
$38,413.00
$38,413.00
$38,448.55
$38,448.55
$38,448.55
_538,492.93
$38,492.931
$38,492.93
CD account US Bank
_
$104,487.96
$104,492.46
$104496.81
$104,501.31
$104,505.66
$104510.16
$104,514.66
$104518.87
$104523.37
5104,527.73
5104,532-23
$104,53658
Restricted reserves
$5000.00
55 ,000.00
$5,000.00
$5,000.00
$5,000.00
55,000.00
55,000.00
$5,000.00 T
$5,000.00
$5,000.00
$5,000.00
55,000.00
_
TOIaFReserves-2015/2016
$260,673.58
$252,455.81
$186,995.48
$178,527.80
$167,410.98
$170,200.53
S164,837.57
$225,355.68
5219,985.00
$215,330.59
$295,131.50
$291,697.03
_
Total Reserves - 201412015
$181,319.00
$174,053.28
$163352.76
$156,35158
Il44!_21
$219,82005
$216,459,96
$217,07714
$203,061.34
S203,816.27
$270,673.44
$371,457.14
Total Reserves -2011/2014
_
$251,59557
$246,311 31
$240,097.46
_
$232,846.64
_J11
$224,824,99
$231,97t.851
$230,093.33
$178,755.25
$173,432.64 _
_ $167,380.43
$187,41327
$178,800.64
Tolal Reserves - 2012/2013
$236,634.16
$231,473.26
$226,255.39
5222,067.24
$157,377.36
$220,691.24 _
_ 5218,5_94.45 _
$213,242.341
S202,697.20
$197,116.30
$205,842.10
- $261,215.80
Total Reserves - 2011-2012
$227996.14 ___$282,158,04
$278,740.56
$266,733.10
$204,459.47
$201,762.19
$200,290.79
$189,156.82
$185,783.78
$186406.64 _$190,634.31
$239,381.77
Total Reserves - 2009-20 10
$198,749.65
$194,948.78
$190,848.66
$187,570.82
$176,741.65
$179,482.42
$192,646.60
$188,668.45
$185,071.93
$190,300.98
$234,802.77
$228,538.83
Total Reserves - 2008/2009
$249,681.93
$189,011.64
$184,518.25
$1.8,. 73.69
$173,249.85
_,5177,622.77
$173,153.28
$164,806,56
$161,077.90
$164,755.95
$20430266
$201,863.58
- 'Estimated
------
- -
--
1 •
(Final - As of June 30, 2017)
A-10
Monthly Statement of Financial Activity, 2016-2017 Fiscal Year
Abalone Cove Landslide Abatement District
Account No. Descri tion
Adopted Budget Ex endiluresb Month
2016 1
1
2017
Annual
Current Available
Administration
2016-2017
July
Au sl
Set
Oct
Nov
Dec
Jan
Feb
Mar
Aril
May
June
Totals
Budget Balance
010 Support sla IT -
16,800.00
1,400.00
1,400.00_
1400.00
1,400.00
1,400.00
1,400.00
1,400.00
1,400.00
1460.00
1,400,00
1,400.00
1,400__.00
$ -
Of l Legal expenses
2,000.00
_
--
S 2,000.00
012 Board related expenses
300.00
14750
$ 152.50
013 Election related expenses
500.00
_
$ 500.00
014 Office expenses
_ _ 950,00
407.29
388.00
104.00
$ 50,71
015 _Bank Charges -checking _ _
_ _ _
50.00
$ 50.00
Total Administration
20 600.00
1,807.29
1,400.00
1,788.00
1,400.00
1,400.00
1,547.50
1,400.00
1,400. 00
1,400.06
1,400.00
1,400.00
1,504.00
17 846.79
S 2,753.21
D emlions-
200 Field staff
10,300.00
858.37
858.37
858.37
858.37
858.37
858.37
858.37
858.37
_ 85937
858.37
858.37
__ 857.93
10,300.00
S -
201 Purchased consulting services
10 000,00$
10 000,00
202_ _ Utilities
22,000.00
1,342.14
1,328.43
_ 1,292.87
-
1,116.67
1111083
1,024.66
855,19
1,000.33
1143_.32
1,563.44
1,538.69
1,665.50
15,004.07
$ 6,995.93
_
203 Insurance
6,000.00 _ _
1,626.43
_
3,190.78
4,817.21
$ 1182.79_
204 Easement payments
2,500.00
_ __
_ 2,300,00
2,300.00
$ _. 200.00
205 Purchased maintenance service/ arts
24,300.00
4,055,00
1,315.00
3,440.00
840.00
_3_,160.00
15,135.00
11,83.2.42
4,960.00
44,737.42
S (20,437.42)
206 i meat -level loggers
1,000.00
_
_
$ _ _ 1,000.00
�MonitoringE
207 Educations! materials
100.00
_S 100.00
108 INew Well Funding/RPV Re -drill
150,000.00
_
$ 150 000,00
209 Canlingency_Funds
6,202.00-
S 6,202.00
210 Ms. Clarke/Paid from ACLAD Funds
2,000.00 _
_
1,600.00
_
_
$ 400.00_
211 Strath Pump/ Paid from ACLAD Funds
5,00000
2,795.00
2,175.00
1,050.00
670.00
42000
7,110.00
5 2,110 00
Total Operations
239 402.00
4,995.51 1
6,241.80
5,926.24
4,918.47
5,409.20
3,77.3.03 1
1,713.56
5,018.70 1
2,671.69
23 467.59 1
14 229.48
7,503.43
$ 153.533.. 0
Total Warrants
260,002.00
6,802.80
7,641.80
7,714.24
6,318.47
6,809.20
5,320.53
3,113.56
6,418.70
4,071.69
24,867.59
15,629.48
9,007.43
$ 156,286.51
Income_
-
16/17 Assessment
109 817.00
16/17 Direct Payments (Total rec. 06116)
88 241.71
16117 Tax Collector Pa enure uested
21,575.29
_ _
Plmtsrec.latedLACountyTaxColleclor
319.77
_
204.99
8,139.79
2,OSL26
$2,873.03
$4,306.38
590,455.66
$4_,8.64.01
113,214.89
Interest - CD account US Bank
50,00
$4.50 $
4.50
_
v $436
S4.50
$4.50
$4.50
54.07
$4.50
$436
$4,50
$4.36
$53.01
Interest- Savings
40.00
3.34
3.13
2.96
3.02
__$_4.36
2.72
2.892.81
2.81
2.57
$2.69
$2.20
$3.38
$4.03
S_35.74
Interest -LAIF
95.00
_ _52_._37
58,57
65.76
_
$73.98
Ms. Clarke - reimbursement from RPV
2,000.00
1,600.00
--
_
StrathPump-reimbursementfromRPV_
S trath Pump - reimbursement froni RPV
_ 5,000.00
_
7,565.00
_
1,050.00
8,615,00
RPV Funds
150 000,00
_
_-
150,000.00
Tota l Income
260 002.00
Bank Activi
Transfers from savings lochecki_-._
$10,000.00
$10,000.00
$1000.00
$10,000.00
8100110.00
$35,000,00
$10,000_.00
$95,000.00
Bank Charges/Checking
36.00
0,00
Bank Charges/Savings
$1200
12.00
_
Reserves
BofAChcckin
$6,967.42
$16,890.62
$10,77_6.38
$14,457.91
$7,64871
$2,328.18
$10,264.62
$3,845.92
$9774.23
$19,906.64
$4,277.16
55,269.73
BofASavings
_
$130,220.41
$120,428.53
$120,431.49
_
$110,434.51
$110,437.23
_ $118579.91
$110633.98
S113,509.58
$103,512.27
$72820.85
$163,267.89
$158,103.33
L"
S38545.30
$38,545.30
$38,545.30
$38,603.87
538,603.87
$38,603.87
$38,669.63
$38,669.63
$38,743.61
_$39,743.61
$38,743.61
-
CDaccountUSBank
$104541.08
5104,545_58
$104,549,94
$104,554,44
$104,558,80
S104,56330
SI04,567.80
_$38,669.63
$104,571.67
S104,576.37
$104,580.73
$104,585.23
$104,589,59
Restricted reserves
$5,000.00
$5,000.00
$5,000.00
$5,000.00
S5,000.00
$5,000.00
$5,000.00
$5,000.00
$5,000.00 _
_ _ $5,000.00
55,000.00
$5,000.00
Total Reserves -2016/2017
S285,274.21
$285,410.03
$279,303.11
$273,050.73
$266,24&.61
$269136.03
$265,597,00
$261,532.50
$241,051.63_
$315,873.89
$311,708.26
Total Reserves - 2015/2016
_
673.56_
$252,45581
5186,995,48
S178,527.80
5167,410.98
_$269,075-26 _
$170,200.53
$164,837.57
$225,355.68
$219,985.00
5215,286.21
$295,087.12
$291,649,24
Total Reserves - 20_14/2015
_-$?60
$181,319:00
S174,053.28
$163,352.76
$156,351.58
$211,441.93
S219,820.05
_
5216,459.96
$217,077.14
$203,001.34
$203,816.21
$270,673.44
S37_1457_ .14
Total Reserves - 2013/2014
5251,595.57
$246,311.31
$240,097.46
$232,846.64
$224�SZ4.99
$231,971-85
$230,093.33
$178,755.25
$173,432.64
$167,380.43
S187,413.27
$178,800.64
_
_
Total Reserves - 2012/2013
-
$236,63416
$231,473.26
$226,255.39
$222,067.24
_
$159,377.36
$220,691.24
$218,594.45
$213,242.34
S202,697.20
$197,116.30
$205,842.10
$261,215.80
_
Total Reserves -2011-2012_
$227,9_96.14
S282158.04
$276,740.56
$266,733.10
5204,459.47
5201,762.19
$200,290.79
$189156.82
$185,783,76
$186,406.64
$190,634.31
_$239,381.77
_ _
Total Reserves - 2009-2010
$198,749.65
5194,948.78
$190,848.66S187.570.82
-$178
$176,741.65
$179,462,42
$192,646.60
$188,668.45
$185,071.93
$190,300.98
$234,802.77
5228538,83
TotalReserves -2008/2009
- _ _
$249,661,93
$189,011.64
$184,518.25
_
,373.69
5173,249.86
77
51,fi2277
8173153.26
$164,806.56
$161,077.90
$164,755.95
$204,307,66
$201,863.58
_
' Estimated
A-10
City's 10 -Yr. Financial Support to the ACLAD
FY2007-08 FY2008-09 FY2009-10 FY2010-11 FY2011-12 FY2012-13 FY2013-14 FY2014-15 FY2015-16 FY2016-17(est.) FY2017-18
City's Financial Support Budgeted
Beginning Fund Balance 389,807 371,281 362,231 333,223 292,777 202,814 108,543 81,548 59,506 54,933 52,967
Revenues / Subsidy
Interest Earnings on $1 million non -spendable fund balance
(1) 85,905
26,082
7,086
2,578
S
7
4
264
4,115
7,818
General Fund Subsidy (Transfer) 6,000
0
0
0
0
0
20,000
35,000
37,000
38,000
Additional Funding for Installation and Re -drilling of
Dewatering Wells (2) 0
0
0
0
0
0
0
160,000
160,000
150,000
SUBTOTAL 91,905
26,082
7,086
2,578
5
7
20,004
195,264
201,115
195,818
Reimbursement / Expenditures
Auditing Services 1,225
1,200
1,188
1,235
1,285
1,337
2,500
4,305
683
2,389
GPS Monitoring and Surveying 21,225
15,000
15,000
15,000
10,758
11,115
28,175
18,139
17,500
16,926
Maintenance of Dewatering Wells 75,056
5,176
5,347
9,977
61,444
65,971
4,987
19,442
14,545
17,990
Light and Power for Dewatering Wells 12,925
13,756
14,559
16,812
16,481
15,855
11,337
15,420
12,960
10,479
Installation / Reconstruction of Dewatering Wells 0
0
0
0
0
0
0
59,575
61,911
0
Unspent City Funds for Installation and Re -drilling of
Dewatering Wells 0
0
0
0
0
0
0
100,425
98,089
150,000
SUBTOTAL 110,431
35,132
36,094
43,024
89,968
94,278
46,999
217,306
205,688
197,784
Remaining Spendable Fund Balance (3) 371,281
362,231
333,223
292,777
54,933
52,967
202,814
108,543
81,548
59,506
(1) Non -spendable fund balance, as required by a Reimbursement and Settlement Agreement dated October 27,1987 in connection with the Horan Lawsuit.
(2) Additional funding In accordance with Landslide Mitigation Measures approved in 2012.
(3) Includes unspent portion of $470,000 the City committed to the ACLAD.
3,400
38,000
0
41,400
2,900
21,000
33,700
17,000
0
0
74,600
19,767
AGREEMENT
This Agreement is entered into this 5th day of
April , 1994, between the Rancho Palos Verdes
Redevelopment Agency (hereinafter referred to as "RDA") and the
Abalone Cove Landslide Abatement District (hereinafter referred
to as "ACLAD").
RECITALS
WHEREAS, ACLAD has installed a network of pumps and
wells to remove water from the Abalone Cove Landslide; and
WHEREAS, ACLAD also has installed and maintains a
drainage system to remove the water which is generated by its
dewatering wells; and
WHEREAS, consulting Geologist, Dr. Perry Ehlig, has -
made a recommendation to RDA to install five additional
dewatering wells to remove water from areas within the Abalone
Cove Landslide in an attempt to stop landslide "creep" caused by
the recent heavy rains; and
WHEREAS, pursuant to Dr. Ehlig's recommendation, RDA
wishes to install five additional dewatering wells, at RDA's
expense, and to use the existing ACLAD drainage system to
discharge the water which will be produced by the five new
dewatering wells;
NOW, THEREFORE, RDA AND ACLAD AGREE AS FOLLOWS:
1. RDA may connect its five new dewatering wells to
the existing ACLAD drainage network. All costs associated with
the installation of the five new dewatering wells and connection
to the existing drainage network including, without limitation,
drilling; installation of new drain pipes; acquisition of
easements from affected property owners; repairs or remediation
of any problems caused by the installation of the new wells,
pipes and connections; and any clean-up after the work is
completed, shall be borne by RDA.
2. RDA also shall be financially responsible for the
operation, repair, maintenance and monitoring of its existing
dewatering wells, the five new dewatering wells and the
facilities connecting the RDA wells to the existing drainage
network.
3. Except as provided in Section 7 of this Agreement,
none of the costs referred to in Sections 1 and 2 of this
Agreement shall be borne by ACLAD.
4. Within thirty (30) days of completion of the
installation of the new facilities referred to in Section 1 of
this Agreement, RDA shall provide to ACLAD a map which
demonstrates the location of the five new dewatering wells, the
facilities which will be installed to carry the water to the
S C-1
existing ACLAD drainage network, and the connections of the new
facilities to the existing drainage system.
5. If the output from the five new dewatering wells
causes the volume carried by all, or any portion, of ACLAD's
existing drainage system to exceed its capacity, and if RDA
chooses to continue using ACLAD's existing drainage system to
discharge the water produced by the new dewatering wells, then
RDA will bear the cost of designing and improving the existing
ACLAD drainage system so that it will have the capacity to accept
the output from the new dewatering wells in addition to the
output from the existing dewatering wells.
6. ACLAD shall bear the cost of maintenance and
repair of any drainage facilities which serve only dewatering
wells owned by ACLAD,.and RDA shall bear the cost of maintenance
and repair of any drainage facilities which serve only dewatering
wells owned by RDA.
7. ACLAD and RDA shall share the cost of maintenance
and repair of any drainage facilities which serve both ACLAD
wells and RDA wells. These costs shall be shared proportionally
and shall be based upon the annual output of the wells which are
served by the particular drainage facilities. By way of example,
a particular drainage facility discharges water produced from
five dewatering wells; three of the wells are owned by ACLAD and
two of the wells are owned by RDA. To compute each entity's
share of the annual maintenance or repair cost of the drainage
facilities which serve those five wells, a percentage will be
determined by dividing the total output of all five wells into
the output of the wells owned by the particular entity.
Annually, ACLAD and RDA shall estimate the total cost
of repairing and maintaining the drainage facilities which serve
wells owned by both entities and each entity's share of that
cost. In April, 1994, and in January of each calendar year after
1994 that this Agreement is in effect, RDA shall deposit with
ACLAD a sum of money which is equal to RDA's estimated share of
the annual maintenance and repair cost for that year.
At the conclusion of the calendar year, ACLAD and RDA
shall determine the actual cost of maintenance and repair and
each entity's share of the cost, based on the formula set forth
in this Section 7. If the estimated amount paid by RDA to ACLAD
exceeded RDA's actual share of the maintenance and repair cost,
then ACLAD shall refund the difference to RDA or apply the
difference to RDA's share of the estimated cost for the following
year. If the estimated amount paid by RDA to ACLAD is less than
RDA's actual share of the maintenance and repair cost, then RDA
shall pay the difference to ACLAD within thirty (30) days of the
date of the determination of the actual amount.
EO
C-2
8. ACLAD shall monitor and maintain all of the
dewatering wells owned by RDA which are on property within the
Abalone Cove Landslide. Annually, ACLAD and RDA shall estimate
the cost of labor for the monthly monitoring and maintenance
work. This sum is currently estimated to be $200.00 per month or
$2,400.00 per year.
In April, 1994, and in January of each calendar year
after 1994 that this Agreement is in effect, RDA shall deposit
with ACLAD a sum of money which is equal to the estimated cost of
labor for the monthly monitoring and maintenance of the
dewatering wells during that year.
At the conclusion of the calendar year, ACLAD and RDA
shall determine the actual cost of the monitoring and maintenance
work. If the estimated amount paid by RDA to ACLAD exceeded the
actual cost of the monitoring and maintenance, then ACLAD shall
refund the difference to RDA or apply the difference to RDA's
share of the estimated cost for the following year. If the
estimated amount paid by RDA to ACLAD is less than the actual
cost of monitoring and maintaining the RDA dewatering wells, then
RDA shall pay the difference to ACLAD within thirty (30) days of
the date of the determination of the actual amount.
9. If any of RDA's wells require repair, and ACLAD is
willing to make such repairs, ACLAD shall first advise RDA of the
need to make the repairs and the Estimated cost of the repairs.
If RDA authorizes ACLAD to perform the repair work, RDA shall
reimburse ACLAD for the cost of the repairs.
10. The term of this Agreement shall be from the date
first written above until terminated by one or both of the
parties pursuant to the provisions of Section 11.
11. Either ACLAD or RDA may terminate this Agreement
by providing not less than thirty (30) days notice in writing to
the other party.
12. This Agreement shall be interpreted under the laws
of the State of California.
13. This Agreement may be amended by the parties,
provided that said amendment is in writing and executed by both
parties.
14. This Agreement contains the entire agreement
between the parties hereto. No promise, representation,
warranty, or covenant not included in the agreement has been or
is relied upon by any party hereto.
C-3
r
•
•
15. Each provision of this Agreement is separate,
distinct and individually enforceable. If any section or portion
of this agreement is found to be invalid, such findings shall not
affect the validity of the remainder of the Agreement, which
shall continue in full force and effect.
16. An action arising from the terms and provisions of
this Agreement shall entitle the prevailing party to recovery of
reasonable attorneys' fees and court costs.
17. All notices pertaining to this Agreement shall be
in writing and addressed as follows:
If to RDA: Rancho Palos Verdes Redevelopment Agency
30940 Hawthorne Boulevard
Rancho Palos Verdes, California 90274-5391
Attention: Executive Director
If to ACLAD: Abalone Cove Landslide Abatement District
P.O. Box 7000-169
Rancho Palos Verdes, California 90274-5391
Attention: Executive Director
IN WITNESS WHEREOF, the parties have executed this
Agreement as of the day and year first written above.
0 Dated: April 5, 1994
ATTEST:
qPj)81 �t 0 V_V
Agency -Secretary
Dated: / Q�
ATTES
District Clerk
•
Rancho Palos Verdes Redevelopment
Agency
` Chairman -Kuykendall
Abalone Cove Landslide Abatement
District
Erm�anWhitmore
i
0
C-4
o,
AGREEMENT BETWEEN THE RANCHO PALOS VERDES
IMPROVEMENT AUTHORITY AND THE ABALONE COVE
LANDSLIDE ABATEMENT DISTRICT
This Agreement is entered into this 2nd day of
May , 2000, between the Rancho Palos Verdes
Improvement Authority (hereinafter referred to as "Authority")
and the Abalone Cove Landslide Abatement District (hereinafter
referred to as "ACLAD").
RECITALS
WHEREAS, ACLAD has installed a network of pumps and
dewatering wells to remove water from the Abalone Cove
Landslide; and
WHEREAS, ACLAD also has installed and maintains a
drainage system to remove the water which is generated by its
dewatering wells; and
WHEREAS, the Rancho Palos Verdes Redevelopment Agency
("Agency") also has installed a network of pumps and wells to
remove water from the Abalone Cove Landslide; and
WHEREAS, pursuant to an Agreement between ACLAD and
Agency, dated April 5, 1994, ACLAD allowed Agency to connect
some of its dewatering wells to discharge lines owned by ACLAD;
and
WHEREAS, pursuant to the April 5, 1994 Agreement,
Agency and ACLAD agreed that ACLAD would maintain certain of
Agency's dewatering wells and that Agency would reimburse ACLAD
annually for the cost of maintaining Agency's dewatering wells
and any discharge lines into which Agency's wells drain, as set
forth in said Agreement; and
WHEREAS, pursuant to the provisions of the
Reimbursement and Settlement Agreement between the County of Los
Angeles, the City of Rancho Palos Verdes and Agency, certain
monies (One million dollars) were deposited in a fund that is
administered by Authority to maintain landslide abatement
improvements; and
WHEREAS, the Rancho Palos Verdes Redevelopment Agency
has assigned to the Authority its obligations to ACLAD under the
terms of the 1994 Agreement; and
000502 cwl L:\vo11\cw1\0691413.2.D0C (2)
D-1
AGREEMENT BETWEEN THE RANCHO PALOS VERDES
IMPROVEMENT AUTHORITY AND THE ABALONE COVE
LANDSLIDE ABATEMENT DISTRICT
This Agreement is entered into this 2nd day of
May , 2000, between the Rancho Palos Verdes
Improvement Authority (hereinafter referred to as "Authority")
and the Abalone Cove Landslide Abatement District (hereinafter
referred to as "ACLAD").
RECITALS
WHEREAS, ACLAD has installed a network of pumps and
dewatering wells to remove water from the Abalone Cove
Landslide; and
WHEREAS, ACLAD also has installed and maintains a
drainage system to remove the water which is generated by its
dewatering wells; and
WHEREAS, the Rancho Palos Verdes Redevelopment Agency
("Agency") also has installed a network of pumps and wells to
remove water from the Abalone Cove Landslide; and
WHEREAS, pursuant to an Agreement between ACLAD and
Agency, dated April 5, 1994, ACLAD allowed Agency to connect
some of its dewatering wells to discharge lines owned by ACLAD;
and
WHEREAS, pursuant to the April 5, 1994 Agreement,
Agency and ACLAD agreed that ACLAD would maintain certain of
Agency's dewatering wells and that Agency would reimburse ACLAD
annually for the cost of maintaining Agency's dewatering wells
and any discharge lines into which Agency's wells drain, as set
forth in said Agreement; and
WHEREAS, pursuant to the provisions of the
Reimbursement and Settlement Agreement between the County of Los
Angeles, the City of Rancho Palos Verdes and Agency, certain
monies (One million dollars) were deposited in a fund that is
administered by Authority to maintain landslide abatement
improvements; and
WHEREAS, the Rancho Palos Verdes Redevelopment Agency
has assigned to the Authority its obligations to ACLAD under the
terms of the 1994 Agreement; and
000502 cwl L:\vo11\cw1\0691413.2.D0C (2)
D-1
WHEREAS, ACLAD has requested that Authority use some
of the interest earned on the $1 million fund to pay for the
costs incurred by ACLAD to maintain ACLAD's dewatering wells and
discharge lines so that ACLAD can use the funds that it obtains
from the annual assessments, which ACLAD imposes on owners of
property within the District, to install new dewatering wells
and other capital improvements or facilities to abate the
landslide and enhance the stability of the land within the
District; and
WHEREAS, Authority is willing, in its sole discretion,
to reimburse ACLAD for certain of ACLAD's expenditures that are
directly related to maintaining the dewatering wells and
discharge lines, which are not included within the scope of the
1994 Agreement between ACLAD and the Rancho Palos Verdes
Redevelopment Agency;
NOW, THEREFORE, AUTHORITY AND ACLAD AGREE AS FOLLOWS:
1. On or before March lst, ACLAD shall submit a written
request to Authority for payment of reimbursable expenses, as
defined in Section 4, for the upcoming fiscal year. Authority
shall determine, in'connection with the preparation of
Authority's budget, the maximum amount of money, if any, that
Authority shall pay to ACLAD during that fiscal year, to
reimburse ACLAD for the cost of maintaining, monitoring and
repairing ACLAD's dewatering wells and drainage facilities.
2. The determination of the amount, if any, to be paid to
ACLAD during a particular fiscal year shall be in the sole
discretion of Authority. Authority shall advise ACLAD in
writing of its determination, so that ACLAD can incorporate any
amount to be allocated by the Authority into ACLAD's budget for
the upcoming fiscal year.
3. Ninety percent of any sum authorized by Authority to
be paid to ACLAD shall be paid to ACLAD by August 31St of that
fiscal year. Reimbursement for any remaining expenses
authorized by this Agreement, not to exceed ten percent, shall
be paid to ACLAD within sixty days following receipt from ACLAD
of the accounting of expenditures referred to in Section 6,
below. If ACLAD does not expend the full amount of any monies
paid by Authority on authorized expenditures during a particular
fiscal year, ACLAD either shall refund any unexpended monies to
Authority within sixty days following the end of the fiscal
year, or if Authority authorizes a payment to ACLAD for a
000502 cwl L:\vo11\cw1\0691413.2.D0C (2)
- 2 -
W
successive fiscal year, the amount to be paid to ACLAD for such
successive year shall be the amount so authorized, less the
unexpended monies from any prior payment(s) from the Authority.
4. Pursuant to the provisions of Section 1, if Authority
receives and approves a request for reimbursement from ACLAD for
a particular fiscal year, which commences annually on July lst,
only certain types of ACLAD expenses shall be eligible for
reimbursement. Reimbursable expenses shall include only those
expenses that are directly related to the operation and
maintenance of ACLAD's dewatering wells and drainage facilities
and are not within the scope of the 1994 Agreement. Such
expenses shall include the cost of electric power to operate the
de -watering wells and monies paid to contractors, which are
related to the operation and maintenance of ACLAD's dewatering
wells and drainage facilities. Any expenses associated with any
major capital projects are specifically excluded from
reimbursement under this Agreement.
S. ACLAD shall keep detailed and itemized records of the
maintenance, monitoring and repair of all dewatering wells and
drainage facilities, which shall identify the particular
dewatering well or drainage facility that has been maintained,
repaired or monitored.
6. Within sixty days following the end of the fiscal
year, ACLAD shall provide Authority with an itemized accounting
of the maintenance, monitoring and repair of all dewatering
wells and drainage facilities. The itemized accounting shall
distinguish between expenses incurred in connection with the
operation and maintenance of dewatering wells and drainage
facilities owned or used by RDA and dewatering well and drainage
facilities that are owned or used by ACLAD.
With respect to expenditures relating to RDA facilities or
ACLAD facilities for which ACLAD is seeking reimbursement from
Authority, the itemized accounting also shall include copies of
the actual invoices that have been paid by ACLAD, identification
of the check number used to pay the particular invoice, and
copies of the actual checks issued by ACLAD in payment of the
expenditure. This itemized accounting shall be in a format
acceptable to Authority.
7. Authority Staff shall review the documentation of
expenditures submitted by ACLAD for purposes of determining
eligibility for reimbursement under this Agreement. With
000502 cwl L:\vo11\cw1\0691413.2.DOC (2)
- 3 -
D-3
respect to expenditures relating to ACLAD facilities, the
determination of whether an expenditure falls within the
provisions of this Agreement is in the sole and reasonable
discretion of Authority. All payments made by Authority
pursuant to the provisions of this Agreement shall be paid to
ACLAD. Authority shall not pay any ACLAD invoice to a vendor or
contractor.
8. During the term of this Agreement ACLAD shall not
reduce its annual assessments upon properties within the
District below the assessments that existed as of July 1, 1999,
without providing at least thirty days prior written notice of
the proposed reduction to the Authority.
9. ACLAD shall indemnify, defend and hold Authority, the
City of Rancho Palos Verdes, and RDA, and their respective
officers, agents and employees harmless from any and all claims,
causes of action, obligations, liabilities or financial losses
arising from damages to persons or property which are caused by
the negligence or willful misconduct of ACLAD and its agents or
employees in the performance of this Agreement.
10. Authority shall indemnify, defend and hold ACLAD and
its officers, agents and employees harmless from any and all
claims, causes of action, obligations, liabilities or financial
losses arising from damages to persons or property which are
caused by the negligence or willful misconduct of Authority and
its agents or employees in the performance of this Agreement.
11. The term of this Agreement shall be from the date
first written above until terminated by one or both of the
parties pursuant to the provisions of Section 12.
12. Either ACLAD or Authority may terminate this Agreement
by providing not less than thirty (30) days notice in writing to
the other party, pursuant to the provisions of Section 18.
13. This Agreement shall be interpreted under the laws of
the State of California.
14. This Agreement may be amended by the parties, provided
that said amendment is in writing and executed by both parties.
15. This Agreement contains the entire agreement between
the parties hereto. No promise, representation, warranty, or
000502 cwl L:\vo11\cw1\0691413.2.DOC (2)
- 4 -
D-4
g 6
respect to expenditures relating to ACLAD facilities, the
determination of whether an expenditure falls within the
provisions of this Agreement is in the sole and reasonable
discretion of Authority. All payments made by Authority
pursuant to the provisions of this Agreement shall be paid to
ACLAD. Authority shall not pay any ACLAD invoice to a vendor or
contractor.
8. During the term of this Agreement ACLAD shall not
reduce its annual assessments upon properties within the
District below the assessments that existed as of July 1, 1999,
without providing at least thirty days prior written notice of
the proposed reduction to the Authority.
9. ACLAD shall indemnify, defend and hold Authority, the
City of Rancho Palos Verdes, and RDA, and their respective
officers, agents and employees harmless from any and all claims,
causes of action, obligations, liabilities or financial losses
arising from damages to persons or property which are caused by
the negligence or willful misconduct of ACLAD and its agents or
employees in the performance of this Agreement.
10. Authority shall indemnify, defend and hold ACLAD and
its officers, agents and employees harmless from any and all
claims, causes of action, obligations, liabilities or financial
losses arising from damages to persons or property which are
caused by the negligence or willful misconduct of Authority and
its agents or employees in the performance of this Agreement.
11. The term of this Agreement shall be from the date
first written above until terminated by one or both of the
parties pursuant to the provisions of Section 12.
12. Either ACLAD or Authority may terminate this Agreement
by providing not less than thirty (30) days notice in writing to
the other party, pursuant to the provisions of Section 18.
13. This Agreement shall be interpreted under the laws of
the State of California.
14. This Agreement may be amended by the parties, provided
that said amendment is in writing and executed by both parties.
15. This Agreement contains the entire agreement between
the parties hereto. No promise, representation, warranty, or
000502 cwl L:\vo11\cw1\0691413.2.DOC (2)
- 4 -
D-4
•
fir'
�..
covenant not included in the agreement has been or is relied
upon by any party hereto.
16. Each provision of this Agreement is separate, distinct
and individually enforceable. If any section or portion of this
agreement is found to be invalid, such findings shall not affect
the validity of the remainder of the Agreement, which shall
continue in full force and effect.
17. An action arising from the terms and provisions of
this Agreement shall entitle the prevailing party to recovery of
reasonable attorneys' fees and court costs.
18. All notices pertaining to this Agreement shall be in
writing and shall be sufficient if delivered personally or sent
by United States Mail, certified or registered, postage prepaid,
to the addresses listed below:
If to Authority: Rancho Palos Verdes Improvement Authority
30940 Hawthorne Boulevard
Rancho Palos Verdes, California 90275
Attention: Executive Director
If to ACLAD: Abalone Cove Landslide Abatement District
P.O. Box 7000-169
Rancho Palos Verdes, California 90275
Attention: Executive Director
000502 cwl L:\vo11\cw1\0691413.2.D0C (2)
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D-5
b
IN WITNESS WHEREOF, the parties have executed this
Agreement as of the day and year first written above.
Dated: May 2, 2000
ATTEST:
Authority Secretary
It . - •001111
ATTEST:
District Clerk
000502 cwl L:\vo11\cw1\0691413.2.D0C (2)
Rancho Palos Verdes Improvement
Authority
B y :. e
Chairmaki Byrd
Abalone Cove Landslide Abatement
District
By:
A'J"�—
Chair
- 6 -
M