CC RES 1988-039RESOLUTION NO. 88 -39
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF RANCHO PALOS VERDES APPROVING A BUDGET
APPROPRIATION AND ADOPTING THE CAPITAL IMPROVEMENT
PROGRAM BUDGET FOR FISCAL YEAR 1988 -89
THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES does
hereby resolve as follows:
SECTION 1: That an Appropriation - Expenditure Budgeting
System is hereby adopted. The system consists of:
A: Present Personnel Policies and Procedures, including
salary schedules and benefits, except as hereinafter changed
by resolution or ordinance of the City Council.
B: An Appropriation- Expenditure System which will show
budgetary categories by department.
C: This system will apply to Capital Improvement
Program Budget Expenditures as intended for use in Fiscal
Year 1988 -89.
D. The City Manager is authorized to transfer Capital
Improvement Program Budget Appropriation Balances between
functions and /or programs when he deems it necessary to do so
and will notify the City Council of any such transer.
E: Budget system assumes existing service levels;
Council approval will be required for any significant changes
involving increased or decreased service levels.
F: The Director of Finance shall be responsible for
constant monitoring of the budget and shall establish and
implement appropriate control mechanisms necessary for said
purpose, after approval of the City Manager.
G: A monthly report shall be prepared by each
department and /or project indicating any changes in service
levels and the progress each entity has achieved or failed to
achieve and the reasons for said status, if they have not
obtained results. Each manager shall be accountable for
achieving results of his /her organization unit based upon the
objectives set for each unit by the City Manager and City
Council and shall be evaluated as to their performance in an
annual performance appraisal conducted by the City Manager.
H. Deflator: A deflator procedure, to be administered
by the City Manager, is hereby established for reducing
appropriations in the event that projected revenues are
reduced due to a reduction in the State subventions or other
revenues that may fluctuate downward due to changes in
economic conditions. For 1988 -89 Fiscal Year, if total
revenues, as estimated by the Finance Director, are
insufficient, the amount of total Capital Improvement Program
Budget Appropriation shall be reduced, as determined by the
City Manager based on his assessment of total City needs.
The City Council will be notified of any action regarding the
Deflator.
SECTION 3: The 1988 -89 Capital Improvement Program
Budget Programs are hereby adopted, establishing the
following expenditure levels:
DEPARTMENT
Capital Improvement Program
1988 -89
ADOPTED BUDGET
$7,886,400
SECTION 3: Capital Improvement Program Budget Revenues
are hereby adopted establishing a revenue base by which City
Expenditures will be judged.
1. Utility User Tax $ 750, 003
2. FAU 782,400
3. County 60,000
4. Proposition A 134,000
5. Other Anticipated Funds 1,685,400
6. Utility User Tax Fund Balance 3,674,600
TOTAL CAPITAL IMPROVEMENT FUND REVENUES $7,086,400
PASSED, APPROVED, AND ADOPTED THE 21ST DAY OF JUNE,
1988.
J�.
TES
CITY CLERK
Utate of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, JO PURCELL, City Clerk of the City of Rancho Palos
Verdes, hereby certify that the above Resolution No. 88 -39
was duly and regularly passed and adopted by the said City
Council at a regular meeting thereof held on June 21, 1988.
CITY CLERK
City Rancho Palos Verdes
Resol. 88 -39