RDA RES 2006-004 RESOLUTION NO. RDA 2006-04
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, AMENDING RESOLUTION 2006-03, THE BUDGET APPROPRIATION FOR FY06-
07, TO INCREASE THE BUDGET FOR CERTAIN CONTINUING APPROPRIATIONS FROM
FY05-06.
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
Agency Board: and
WHEREAS, on June 6, 2006, the Board of the Rancho Palos Verdes Redevelopment Agency
adopted Resolution 2006-03, approving a spending plan and authorizing a budget appropriation
for FY06-07: and
WHEREAS, certain project expenditures included in the FY05-06 budget were not completed by
fiscal year end; and
WHEREAS, the Agency Board has determined that the specific project expenditures should be
completed in FY06-07; and
WHEREAS, the carryover of these items will not change the estimated (budgeted) ending fund
balance at June 30, 2007;
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustment be made to the FY06-07 budget:
Increase the Housing Set-Aside fund budget as follows:
RDA Hsg Set-Aside #218-4018-441-32-00 Professional/Technical $99,521
PASSED, APPROVED, AND ADOPTED THE 5th DAY OF SEPTEMBER 2006.
ien Chairperson
Attest:
Agzn Secretary
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, Carolynn Petru, Agency Secretary of the Rancho Palos Verdes Redevelopment Agency,
hereby certify that the above Resolution No. RDA 2006-04 was duly and regularly passed and
adopted by the said Agency Board at regular meeting thereof held on September 5, 2006.
Age y Secretary