RDA RES 1986-020 RESOLUTION NO. RDA 86-20
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF RANCHO PALOS VE RDE S APPROVING A BUDGET
APPROPRIATION AND ADOPTING THE BUDGET FOR
FISCAL YEAR 1985-87
11/ THE REDEVELOPMENT AGENCY (RDA) 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. An Appropriation-Expenditure System which will show budgetary cate-
gories by department/program or budget item.
B. Operating Budget Expenditures , as intended for use in 1985-87, in-
cluding any carry-over balances from fiscal year 1985-86.
C. Operating Budget Appropriation Balance transfers between functions
and/or programs by the Executive Director when he deems it necessary to do
so.
D. Proposed work items: RDA approval will be required for any signi-
ficant changes involving increases or decreases in the work plan.
E. Constant monitoring of the budget by the Director of Finance who
shall establish and implement appropriate control mechanisms necessary for
said purpose, with approval of the Executive Director.
G. A monthly report prepared for each department and/or program and/or
project indicating any changes in the work plan and the progress each enti-
ty has achieved or failed to achieve and the reasons for said status , if
they have not obtained results.
700CP/RES2.1
Revised 10/7/86
RANCHO PALOS VERDE S
REDEVELOPMENT AGENCY BUDGET
FY 1985-87
Section 2 - Expenditures 1985-86 1986-87 1985-87
General Administration $ 20,925 $ 24,350 $ 45 ,275
Administration/Engineering 26,000 137,000 163,000
Grading 2,600 700,000 702,600
Drainage 20,000 100,000 120,000
Dewatering 3,400 80,000 83,400
0 & M 6,000 40,000 46,000
Legal Services 10,000 20,000 30,000
Financial Administration/
Auditing/Accounting 9,000 9,000 18,000
Expenditures (7/1/85 to
4/1/86)* 79,503 79 ,503
TOTAL $177,428 $1 ,110,350 $1 ,287,778
Section 3 - Revenues
Grant $ 97 ,925 $1 ,902,075 $2,000,000
RDA - CDBG 378,896 378,896
City Loan 79,503 ` 79,503
TOTAL REVENUES $2,458,399
* The amount the City loaned the RDA during the 1985-86 fiscal year prior
to receiving the two million dollar State grant.
700CP/RES2.2 -2- Resolution RDA No. 86-20
PASSED, APPROVED, AND ADOPTED on October 21 , 1986.
AYES: HUGHES, BACHARACH, McTAGGART & RYAN
ABSTAIN: HINCHLIFFE
NOES: NONE
(
( HAIRAN
ATTEST:
_�C,CJti
(?-
AGENCY SECRETARY
State of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, JO PURCELL, Agency Secretary of the City of Rancho Palos Verdes, hereby
certify that the above Resolution No. RDA 86-20 was duly and regularly
passed and adopted by the said Redevelopment Agency at a regular meeting
thereof held on October 21 , 1986.
Agency cretary
Redeye went Agency
Rancho alos Verdes
700CP/RES2.3 -3- Resolution No. RDA 86-2D