RDA RES 2003-010 RESOLUTION NO. RDA 2003-10
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY, AMENDING RESOLUTION 2003-06, THE BUDGET
APPROPRIATION FOR FISCAL YEAR 2003-2004, TO INCREASE THE BUDGET
FOR CERTAIN CONTINUING APPROPRIATIONS FROM FISCAL YEAR 2002-2003.
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 3, 2003, the Board of the Rancho Palos Verdes Redevelopment
Agency adopted Resolution 2003-06, approving a spending plan and authorizing a
budget appropriation for FY03-04: and
WHEREAS, certain project expenditures included in the FY02-03 budget were not
completed by fiscal year end; and
WHEREAS, the Agency Board has determined that each of these specific project
expenditures should be completed in FY03-04; and
WHEREAS, the carryover of these items will not change the estimated (budgeted)
ending fund balance at June 30, 2004;
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS
VERDES REDEVELOPMENT AGENCY:
The following adjustments be made to the FY03-04 budget:
Increase the Portuguese Bend fund budget as follows:,
Captial Projects #375-725-35 Professional Services $ 7,500
Captial Projects #375-725-82 Impr. Other Than Bldgs. $ 20,000
Increase the Abalone Cove fund budget as follows:,
Captial Projects #380-735-82 Impr. Other Than Bldgs. $53,145
PASSED, APPROVED, AND ADOPTED THE 7th DAY F OCTOBE' '003.
Of, i ab
Agency Chair
Attest:
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Agency Secretary
State 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 2003-10 was duly and
regularly passed and adopted by the said Agency Board at regular meeting thereof held
on October 7, 2003.
9 0 11...tik,-6_,6. I
9Agency Secretary
Resolution No. RDA 2003-10
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