IA RES 2005-010 RESOLUTION NO. IA 2005-10
A RESOLUTION OF THE COMMISSION OF THE RANCHO PALOS VERDES JOINT
POWERS IMPROVEMENT AUTHORITY, AMENDING RESOLUTION 2005-07, THE
BUDGET APPROPRIATION FOR FY05-06, TO INCREASE THE BUDGET FOR CERTAIN
CONTINUING APPROPRIATIONS FROM FY04-05.
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 Authority Commission: and
WHEREAS, on June 7, 2004, the Commission of the Rancho Palos Verdes Joint Powers
Improvement Authority adopted Resolution 2005-07, approving a spending plan and
authorizing a budget appropriation for FY05-06: and
WHEREAS, certain project expenditures included in the FY04-05 budget were not
completed by fiscal year end; and
WHEREAS, the Authority Commission has determined that the specific project expenditures
should be completed in FYO5-06; and
WHEREAS, the carryover of these items will not change the estimated (budgeted) ending
fund balance at June 30, 2006;
BE IT, THEREFORE, RESOLVED BY THE COMMISSION OF THE RANCHO PALOS
VERDES JOINT POWERS IMPROVEMENT AUTHORITY:
The following adjustments be made to the FY05-06 budget:
Increase the Abalone Cove fund budget as follows:
ACLAD Funding #795-3089-431-43-00 Maintenance $54,000
PASSED, APPROVED, AND ADOPTED THE 6th DAY OF, 'TEMB - ,•5.
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Authori y Chairperson
Chair p
Attest:
AuthoNty Secretary
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, Carolynn Petru, Authority Secretary of the Rancho Palos Verdes Joint Powers
Improvement Authority, hereby certify that the above Resolution No. IA 2005-10 was duly
and regularly passed and adopted by the said Authority Commission at regular meeting
thereof held on September 6, 2005.
Authorit `ecretary