CC RES 1981-078 RESOLUTION NO. 81-78
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES
ADOPTING FISCAL YEAR 1981-82/1986-87 CAPITAL IMPROVEMENT PROGRAM
WHEREAS, the City of Rancho Palos Verdes City Council desires to adopt the
following resolution adopting the Capital Improvement Program.
NOW, THEREFORE, BE IT RESOLVED, THAT THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES DOES HEREBY ADOPT THE FOLLOWING 1981-82/1986-87 CAPITAL IMPROVEMENT
PROGRAM:
Section 1: A Capital Improvement Program for fiscal years 1981-82 through
fiscal years 1986-87 is hereby adopted as contained in Exhibit A attached hereto
and incorporated and referenced as part of this resolution.
Section 2: Upon adoption of said Capital Improvement Program, City Council
shall annually revise and/or update said Capital Improvement Program in part or in
its entirety, depending upon City's fiscal resources, circumstances and needs.
Section 3: City Manager of the City of Rancho Palos Verdes shall be responsi-
ble for administration and execution of said Capital Improvement Program and shall
annually recommend to the City Council by June 30th of each fiscal year a revised
Capital Improvement Program and Budget.
Section 4: This resolution shall not be changed, amended, or modified without
first holding a duly noted public hearing.
PASSED, APPROVED AND ADOPTED THIS 21st day of October, 1981.
gldet:' \64_4dAlt-el"
MAYOR
DONALD F. GU LU Z ZY, CITY CLERK &
EX OFFICIO CLERK OF THE COUNCIL
ilo /
1./A . A IRE:, Ai... _/ / i
0( // C IT,CLERK
I HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. 81-78
passed and adopted by the City Council of the City of Rancho Palos Verdes at a meeting
thereof held this 21st day of October, 1981.
11/ II,, f. 41.1, 4 ,
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Resolution No. 81-78 10/21/81
REVISED CAPITAL IMPROVEMENT SCHEDULE -
WITH ESTIMATED COST, CASH FLOW,
AND FUND BALANCES - 6 YEARS
1981 - 1987
1981 -- 82 FY
PARKS & RECREATION CAPITAL IMPROVEMENT PROGRAM
PROJECT COST PROJECT COST
School Site $ 268 , 200 City Hall $ 200,000
IPt. Vicente I 700, 000* PVDS - Slide Reconst. 75,000
Del Cerro 24, 000 PVDW - East Barrell 945,000*
Hesse I 700, 000* PVDE - Safety 534,000*
Clovercliff 27,500 Left-turn signals 120,000*
$1,719,700 Guard Rails/Barrell 250,000*
Signals/Sync. 70,000*
FUNDING PVDS - Pt Vicente 5,000
81-82 Funds Silv. Arrow/Longhill/Via Colin. 90, 000
Available 7/1/81 $1, 444, 996
Highridge Medians 55,500
81-82 Est. Revenue 1, 863, 940
Bikeways 43,100*
,.r.31-82 Est. Expend.,(1,719,700)
...' -_ __ - -- _ Montemalaga Med. 180,000
Balance 6/30/82 $1,589,236
Hawth./Whitley Collins 60, 000
Hawth. Levelling 5,000
Pvmnt. Mkg -- Arterials 138,670*
Pvmnt. Mkg. - Locals 126,690*
Miraleste Drain 68 ,000*
$2,965,960
FUNDING
81-82 Funds Available 7/1/81 $3,703,571 -
81-82 Est. Revenue 2,026,050
81-82 Est. Expend. (2,965,960)
Balance 6/30/82 $2,763,661
Hesse I : *Partial Grant to be received $116,188
EXHIBIT "A" RESOL. NO. 81- 78
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REVISED CAPITAL IMPROVEMENT SCHEDULE
WITH ESTIMATED COST, CASH FLOW,
AND FUND BALANCES - 6 YEARS
1981 - 1987
1982 -- 83 FY
PARKS & RECREATION CAPITAL IMPROVEMENT PROGRAM
PROJECT COST PROJECT COST
School Site $ 124 , 800 City Hall $ 400,000
Pt. Vicente I . 768 , 900* PVDS - Abalone Cove 100,000
Hesse I 1,083 , 000 Crest Resurface 250,000 .
Hesse II 200, 000 PVDS - Pt. Vicente 140,000
$2,176,700 Hawth. Barrier 40,000
Hawth. Levelling 35,000
Deadman's Basin 23,500
FUNDING Seacove Drain 36,000
Balance Carried $1,024,500
Forward $1,589,236
82-83 Est. Rev. 779, 645 FUNDING
82-83 Est. Expend (2 ,176,700) Balance Carried Fwd. $2,763,661
v'F3alance 6=- 3-0,83 $ . 192,181 82-83 Est. Revenue 319,500
82-83 Est. Expend. (1,024,500)
Trsfr to Operating Budget (168,253)
Balance 6/30/83 $1,890,408
1983 - 84 FY
PROJECT COST PROJECT COST
School Site $ 113 , 600 Hawth. Resurface $ 560,000
Hesse II 201, 000 City Hall 300,000
$ 319, 600 $ 860,00
FUNDING FUNDING
Bal. Carried
Fwd $ 192, 181 Bal. Carried Fwd. $1,890,408
83-84 Est. Rev. 632,270 83-84 Est. Revenue 157,500
83-84 Est. Espend. (319, 600) 83-84 Est. Expend. (860,000)
Balance 6/30/84 $ 504, 851 Trsfr. to Operating Budget (272,564)��
Balance 6/30/84 $ 915,344
EXHIBIT "A" RESOL. NO. 81- 78
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REVISED CAPITAL IMPROVEMENT SCHEDULE
WITH ESTIMATED COST, CASH FLOW,
AND FUND BALANCES - 6 YEARS
1981 - 1987
1984 - 85 FY
PARKS & RECREATION CAPITAL IMPROVEMENT PROGRAM
PROJECT COST PROJECT COST
School Site $ 112 , 400 Hawth. Resurface $ 150, 000
I Hesse III • 611, 980 Council Chambers 150,000
He .
$ 724, 380 $ 300,000
FUNDING FUNDING
Balance Carried
Fw d. $ 504,851 Balance Carried Fwd. - $ 915,344
84-85 Est. Rev. 606, 370 84-85 Est. Revenue °-0-
84 p
-85 Est. Expend. (724 ,380) 84-85 Est. Expend. (300,000)
B alance 6/30/85 $ 386, 841 Trsfr. to Operating Budget (192,855)
/30/
Balance 6/30/85 $ 422,489
1985 - 86 FY
PROJECT COST PROJECT COST
School Site $ 106,200 NONE
Hesse III 361,260
$ 467 ,460
FUNDING FUNDING
Balance Carried
Fwd. $ 386 , 8.41 Balance Carried Fwd. $ 422,489
85-86 Est. Rev. 606, 370 Less Trsfr to Operating Budget (205,826)
I 85-86 Est. Expend. . (467 ,460) Balance 6/30/86 $ 216,663-
p
Balance 6/30/86 $ 525, 751
E X H I B I T "A" Re s o l. No. 81-78
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•
REVISED CAPITAL IMPROVEMENT SCHEDULE
WITH ESTIMATED COST, CASH FLOW,
AND FUND BALANCES - 6 YEARS
1981 -- 1987
1986 - 87 FY
PARKS & RECREATION CAPITAL IMPROVEMENT PROGRAM
PROJECT COST PROJECT COST
Hesse III $ = 196,760 NONE
Pt. Vicente II 252 ,700
$ 449,460
FUNDING FUNDING
Balance Carried
Fwd. $ 525,751 Balance Carried Fwd. .$ 216,663
86-87 Est. Rev. 606, 370 Trsfr. to Operating Budget (227,782)
86-87 Ext. Expend. (449, 460) Deficit Balance 6/30/87 ($ 11,119)
Balance 6/30/87 $ 682, 661
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E X H I B I T "A" Resol. No. 81-78
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OPERATING BUDGET REVENUE/EXPENDITURE )COMPARISON
1981 - 1987
81-82 Expenditures $3, 555, 540
81-82 Est. Revenue 3 ,254 , 950
Deficit to be made up $ (300, 590)
from .Fund -Ba l anc e s
I .
82-83 Est. Expenditures $3 ,843 ,317
82-83 Est. Revenue 3, 675, 064
Deficit to be made up $ (168, 253)
from Fund Balances ,
• 83-84 Est. Expenditures $4,144, 983
83-84 Est. Revenue 3,872,419
Deficit to be made up $ (272, 564)
from Fund Balances .
84-85 Est. Expenditures $4,340, 982
84-85 Est. Revenues 4,148 , 127
Deficit to be made up $ (192,855)
from Fund :Balances' .
85-86 Est. Expenditures $4 , 546,781
85-86 Est. Revenues 4 ,340, 955
Deficit to be made up $ (205, 826)
from Fund Balances . -
86-87 Est. Expenditures $4,762 ,871 _
86-87 Est. Revenues 4 ,535,089
Deficit to be made up $ (227 ,782)
from Fund Balances ,
E X H I L I 'T "" Resol . No. 81- 7
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