RDA RES 2004-007 RESOLUTION NO. RDA 2004-07
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, AMENDING RESOLUTION 2004-05, THE BUDGET APPROPRIATION FOR
FY04-05, TO INCREASE THE BUDGET FOR CERTAIN CONTINUING APPROPRIATIONS
FROM FY03-04.
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 1, 2004, the Board of the Rancho Palos Verdes Redevelopment Agency
adopted Resolution 2004-05, approving a spending plan and authorizing a budget
appropriation for FY04-05; and
WHEREAS, certain project expenditures included in the FY03-04 budget were not completed
by fiscal year end; and
WHEREAS, the Agency Board has determined that the specific project expenditures should be
completed in FY04-05; and
WHEREAS, the carryover of these items will not change the estimated (budgeted) ending fund
balance at June 30, 2005;
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustments be made to the FY04-05 budget:
Increase the Abalone Cove fund budget as follows:
Captial Projects #380-3065-461-73-00 lmpr. Other Than Bldgs. $53,145
PASSED, APPROVED, AND ADOPTED THE 7th DAY OF SEPT E- 200' .
t./10/ Ilirw 9 Att st: Agency Chair
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Agency Secretary
St to of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, JO PURCELL, Agency Secretary of the Rancho Palos Verdes Redevelopment Agency,
hereby certify that the above Resolution No. RDA 2004-07 was duly and re•ularly passed and
adopted by the said Agency Board at regular meeting thereof held on Se t mber 7, 2004.
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Agency Secretary