RDA RES 2008-010 RESOLUTION NO. RDA 2008-10
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, AMENDING RESOLUTION 2008-05, THE BUDGET APPROPRIATION FOR
FY08-09, TO INCREASE THE BUDGET FOR CERTAIN CONTINUING APPROPRIATIONS
FROM FY07-08.
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 July 1, 2008, the Board of the Rancho Palos Verdes Redevelopment Agency
adopted Resolution 2008-05, approving a spending plan and authorizing a budget
appropriation for FY08-09: and
WHEREAS, certain project expenditures included in the FY07-08 budget were not completed
by fiscal year end; and
WHEREAS, the Agency Board has determined that the specific project expenditures should
be completed in FY08-09; and
WHEREAS, the carryover of these items will not change the estimated (budgeted) ending
fund balance at June 30, 2009;
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustments are made to the FY08-09 budget:
Increase the Housing Set-Aside fund budget as follows:
RDA Hsg Set-Aside #218-4018-441-32-00 Professional -chn. al $ 124,670
RDA Hsg Set-Aside #218-4018-441-73-00 Improveme is ';1,212,637
PASSED, APPROVED, AND ADOPTED THE 16th day of Septe
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Chair
ATTEST:
Secretary
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, Carla Morreale, Agency Secretary of the Rancho Palos Verdes Redevelopment Agency,
hereby certify that the above Resolution No. RDA 2008-10 was duly and regularly passed and
adopted by the said Board at regular meeting thereof held on September 16, 2008.
/
Secretary