IA RES 2008-006 RESOLUTION NO. IA 2008-06
A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS
IMPROVEMENT AUTHORITY ADOPTING THE OPERATING BUDGET
FOR FISCAL YEAR 2008-2009.
WHEREAS, the Commission of the Rancho Palos Verdes Joint Powers
Improvement Authority desires to adopt the following resolution adopting the operating
budget for FY07-08.
NOW, THEREFORE, BE IT RESOLVED, THAT THE COMMISSION OF THE
RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY DOES
HEREBY ADOPT THE FOLLOWING FY08-09 OPERATING AND CAPITAL BUDGET.
Section 1: The FY08-09 Revenue Budget (inclusive of transfers from the City's
General Fund) is hereby adopted, establishing the following revenue levels:
Maintenance - Portuguese Bend $ 3,880
Transfer In — Portuguese Bend 91,500
Maintenance - Abalone Cove 32,900
TOTAL REVENUES $ 128,280
Section 2: An operating budget for FY08-09 is hereby adopted as contained in the
Annual Budget of the Rancho Palos Verdes Joint Powers Improvement Authority attached
hereto and incorporated and referenced as part of this resolution. The following
expenditure levels are hereby established:
Maintenance - Portuguese Bend $ 135,100
Maintenance - Abalone Cove 117,776
TOTAL OPERATING EXPENDITURES $ 252,876
Section 3: Upon adoption of said Budget, the Authority may revise and/or update
said Budget in part or in its entirety, depending on the Authority's fiscal resources,
circumstances, and needs.
Section 4: The Chief Administrative Officer of the Rancho Palos Verdes Joint
Powers Improvement Authority shall be responsible for administration and execution of
said Budget.
PASSED, APPROVED, and ADOPTED the 1st day July of Jul 20Q8.
/S) IIP4b
Authority Ch.it
ATTEST:
, ;
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 2008-06 was duly
and regularly passed and adopted by the said Joint Powers Improvement Authority at
regular meeting thereof held on July 1, 2008.
Authority Secretary
Resolution No. IA 2008-06
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