RDA RES 2002-012 RESOLUTION NO. RDA 2002-12
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, AMENDING RESOLUTION 2002-08, THE BUDGET APPROPRIATION FOR FISCAL
YEAR 2002-2003, TO INCREASE THE BUDGET FOR CERTAIN CONTINUING
APPROPRIATIONS FROM FISCAL YEAR 2001-2002.
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 12, 2002, the Board of the Rancho Palos Verdes Redevelopment Agency
adopted Resolution 2002-08, approving a spending plan and authorizing a budget appropriation
for the 2002-2003 fiscal year: and
WHEREAS, certain project expenditures included in the fiscal year 2001-2002 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 fiscal year 2002-2003; and
WHEREAS, the carryover of these items will not change the estimated (budgeted) ending fund
balance at June 30, 2003;
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustments be made to the fiscal year 2002-2003 budget:
Increase the Abalone Cove Fund budget as follows:
Captial Projects #380-735-82 Impr. Other Than Bldgs. $65,578
PASSED, APPROVED, AND ADOPTED THE 3RD DAY OF SEPTEMBER 200
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Attest: Agency Chai rrifir
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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 2002-12 was duly and regularly passed and adopted
by the said Agency Board at regular meeting thereof held on September 2002.
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Agency Secretary