RDA RES 1987-013 RESOLUTION NO. RDA 87-13
A RESOLUTION OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY ADOPTING FISCAL
YEAR 1987-88 OPERATING AND CAPITAL BUDGET
WHEREAS, the Board of the Rancho Palos Verdes
Redevelopment Agency desires to adopt the following
I
adopting the operating and capital budget for next
fiscal year.
NOW THEREFORE, BE IT RESOLVED, THAT THE BOARD OF THE
REDEVELOPMENT AGENCY DOES HEREBY ADOPT THE FOLLOWING 1987-88
OPERATING AND CAPITAL BUDGET.
Section 1 : An operating and capital budget for Fiscal
Year 1987-88 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 Budget, the Board
shall revise and/or update said Budget in part or in its
entirety, depending upon the Agency' s fiscal resources,
circumstances and needs.
Secti.on 3: The Executive Director of the Rancho Palos
Verdes Redevelopment Agency shall be responsible for
administration and execution of said Budget and shall
annually recommend to the Agency Board 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: A ^ Ba har h McTaggert,
& Chairman Hughes. Nay: None iffe
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of California )
Cou�ty 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 87-13 was duly and regularly passed and
adopted by the said Redevelopment Agency at regular meeting
thereof held June 16, 1987. -
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91ENCY SECRETARY
41111110 41111110
CITY OF RANCHO PALOG VERDES REDEVELOPMENT AGENCY
DEPARTMENT OPERATING STATEMENT
BUDGET APPROPRIATION FOR YEAR ENDING JUNE 30, 1988
DEPARTMENT: REDEVELOPMENT AGENCY - NO 400
ACTUAL ACTUAL BUDGET ACTUAL & DEPT. BUDGET
SUBJECT REVENUE REVENUE APPROP. ESTIMATED REQUEST APPROP.
CODE REVENUE CLASSIFICATION 1984-85 1985-86 1986-87 1986-87 1987-88 1987-88
BEGINNING FUND BALANCE 0 0 0 2,013, 950 893, 950 893, 950
INTEREST EARNINGS 0 0 0 50, 000 50,000 50, 000
TOTAL REVENUES $0 $0 $0 $2, 063, 950 $943, 950 $943, 950
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
CAPITAL IMPROVEMENTS
GENERAL ADMINISTRATION 0 0 0 5,000 10, 000 50, 000
ADMINISTRATION - ENGINEERING 0 0 0 81 ,000 200, 000 160,000
GRADING, DRAINAGE 0 0 0 910, 000 500, 000 500, 000
DEWATERING 0 0 0 140,000 120, 000 120, 000
GENERAL OPERATION & MAINT. 0 0 0 18, 000 30, 000 30,000
LEGAL SERVICES 0 0 0 16, 000 30, 000 30, 000
PAVING P. V. DRIVE SOUTH TO BE FUNDED IN CIP FROM CDBG
TOTAL-CAPITAL IMPROVEMENTS $0 $0 $0 $1, 170, 000 $890, 000 $890, 000
ENDING FUND BALANCE 0 0 0 893,950 53, 950 53, 950
EXHIBIT A