IA RES 2007-012 RESOLUTION NO. IA 2007-12
A RESOLUTION OF THE COMMISSION OF THE RANCHO PALOS VERDES JOINT
POWERS IMPROVEMENT AUTHORITY, AMENDING RESOLUTION 2007-06, THE
BUDGET APPROPRIATION FOR FY07-08, TO INCREASE THE BUDGET FOR
CERTAIN CONTINUING APPROPRIATIONS FROM FY06-07.
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 July 3, 2007, the Commission of the Rancho Palos Verdes Joint Powers
Improvement Authority adopted Resolution 2007-06, approving a spending plan and
authorizing a budget appropriation for FY07-08: and
WHEREAS, certain project expenditures included in the FY06-07 budget were not
completed by fiscal year end and the Authority Commission has determined that the
expenditures should be completed in FY07-08; and
WHEREAS, the carryover of these items will not change the estimated (budgeted)
ending fund balance at June 30, 2008;
BE IT, THEREFORE, RESOLVED BY THE COMMISSION OF THE RANCHO PALOS
VERDES JOINT POWERS IMPROVEMENT AUTHORITY:
The following adjustments be made to the FY07-08 budget:
Increase the Portuguese Bend fund budget as follows:
GPS Monitoring #285-3088-431-43-00 Maintenance $ 5,000
Increase the Abalone Cove fund budget as follows:
GPS Monitoring #795-3089-431-43-00 Maintenance $ 5,000
ACLAD Funding #795-3089-431-43-00 Maintenance $60,000
PASSED, APPROVED, AND ADOPTED THE 2nd DAY OF OCT ER 2007.
Authority Chai •erson
AT,T EST; Cy.
Authority Secretary
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, Carla Morreale, Authority Secretary of the Rancho Palos Verdes Joint Powers
Improvement Authority, hereby certify that the above Resolution No. IA 2007-12 was
duly and regularly passed and adopted by the said Commission at regular meeting
thereof held on October 2, 2007.
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Authority Secretary