CC RES 1987-037RESOLUTION NO. 87-37
A RESOLUTION OF THE CITY OF RANCHO PALOS
VERDEG PROPOSING USE OF REMAINING FEDERAL
REVENUE SHARING FUNDS FOR FISCAL YEAR 1987-88
WHEREAS, the City of Rancho Palos Verdes desires to
adopt the following resolution adopting the operating and
capital budget for next fiscal year for Federal Revenue
Sharing funds.
'- NOW, THEREFORE, BE IT REGOLVED, THAT THE CITY COUNCIL OF
THE CITY OF RANCHO PALOS VERQE8 DOES HEREBY ADOPT THE
FOLLOWING 1987-88 FEDERAL REVENUE SHARING BUDGET.
SectigD 1: An operating and capital budget for Fiscal
Year 1987-88 is hereby adopted as contained in Exhibit A
attached hereto and incorporated herein and made a part
Section 2: Upon adoption of said Bud9et, the City
Council shall revise and/or update said Budget in part or in
its entirety, depending upon the available fiscal resources,
circumstances and needs.
Section 3X The City Manager of the City of Rancho Palos
Verdes shall be responsible for administration and execution
of said Budget and shall annually recommend to the City
Council by June 30th of each fiscal year a revised Budget.
PASSED, APPROVED AND ADOPTED this 16TH day of June, 1987
on the following roll call vote,", Ayes: Ryan Bacharach,
McTaggart, Hinchliffe, and Mayor Hughes Nays^ None
,
*
CITY CLERK
of California )
� C�unty 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. 87-37
was duly and regularly passed and ad City
Council at a regular meeting thereof h
_________
CITY OF RANCHO PALOS VERDES FEDERAL REVENUE SHARING
DEPARTMENT OPERATING STATEMENT
BUDGET APPROPRIATION FOR YEAR ENDING JUNE 30, 1988
ACTUAL ACTUAL BUDGET ACTUAL & DEPT. BUDGET
SUBJECT REVENUE REVENUE AF--'PROP. ESTIMATED REQUEST APPROP.,
CODE REVENUE CLASSIFICATION 1984-85 1985--e6 1986-87 1986-87 "1987-88 1987�8B
BEGINNING FUND BALANCE
FEDERAL REVENUE SHARING
4199314 0 591,656
x
152,846
��
TOTAL REVENUES $5919656
$0
$662,646
$152,846
$1529846
ACTUAL ACTUAL
BUDGET
ACTUAL &
DEPT.
BUDGET
SUBJECT EXPENSE EXPENSE
APPROP.
ESTIMATED
REQUEST
APPROP.
CODE EXPENDITURE CLASSIFICATION 1984-85 1985-86
1986--87
1986--87
1987-88
1987-88
CIVIC CENTER CAPITAL IMPROVEMENTS
0 0 4599 800 152,846 1524846
CURRENT YEAR EXPENDITURES WERE FOR THE PURCHASE OF THE GREEN BUILDING
AWD A $50,000 CONTRIBUTION TOWARD THE NEW ENTRY.
PROPOSED BUDGET EXPENDITURES OF REMAINING FUNDS ARE FOR CIVIC CENTER
IMPROVEMENTS.
FED��REVENUE SHARING FUNDS ARE NO LONGER AVAILABLE WHICH EXPLAINS
THE ZERO REVENUE PROJECTION.
EXHIBIT A