RDA RES 1988-011 RESOLUTION NO. RDA 88-11
A RESOLUTION OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY ADOPTING FISCAL YEAR
1988-89 OPERATING AND CAPITAL BUDGET
WHEREAS, the Board of the Rancho Palos Verdes
Redevelopment Agency desires to adopt the following
resolution 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 1988-89
OPERATING AND CAPITAL BUDGET.
Section 1: An operating and capital budget for Fiscal
Year 1988-89 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.
Section 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 prior to June 10th of
each fiscal year the next Fiscal Year Budget .
PASSED, APPROVED AND ADOPTED this 8th day of June, 1988 .
c2ci \SAC 'ta.1JI J
AGENCY CHAIRPERSON
• ' TEST:
.,. f
AGENCY SECRETARY
gate of California )
County 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 88-11 was duly and regularly passed and
adopted by the said Redevelopment Agency at a - -gular meeting
thereof held June 8 , 1988 .
%Ili 1
/ . GEN Y SECRETARY
i
CITY OF RANCHO PALOS VERDES REDEVELOPMENT AGENCY ampill
DEPARTMENT OPERATING STATEMENT
BUDGET APPROPRIATION FOR YEAR ENDING JUNE 30 , 1989
DEPARTMENT: PORTUGUESE BEND LANDSLIDE - NO. 825
ACTUAL ACTUAL BUDGET ACTUAL & BUDGET
REVENUE REVENUE APPROP. ESTIMATED APPROP.
REVENUE CLASSIFICATION 1985-86 1986-87 1987-88 1987-88 1988-89
BEGINNING FUND BALANCE 2, 000 , 000 2, 013, 950 920, 185 1 ,620,185 553 ,185
PROPERTY TAX INCREMENT 0 0 0 65, 000 35 , 000
INTEREST EARNINGS 26 ,668 67,175 50, 000 98 , 000 50 , 000
OTHER REVENUE 0 700, 000 0 110, 000 300 ,000
CDBG REIMBURSEMENT 0 0 586, 000 631 ,888 154 ,220
TOTAL REVENUES $2,026,668 $2 , 781 ,125 $1 , 556 , 185 $2, 525, 073 $1 , 092 ,405
ACTUAL ACTUAL BUDGET ACTUAL & BUDGET
EXPENSE EXPENSE APPROP. ESTIMATED APPROP.
EXPENDITURE CLASSIFICATION 1985-86 1986-87 1987-88 1987-88 1988-89
CAPITAL IMPROVEMENTS
GENERAL ADMINISTRATION 60 ,743 14,253 10 , 000 125, 000 5 , 000
ADMINISTRATION - ENGINEERING 24 , 245 60, 540 200, 000 192 , 000 30 , 000
INTERGOVERNMENTAL RELATIONS 0 0 0 0 25 , 000
GRADING, DRAINAGE 77 , 858 904,158 500, 000 732, 780 800, 000
DEWATERING 7 , 127 110,931 120, 000 22 , 000 30 , 000
GENERAL OPERATION & MAINT. 11 , 657 48,757 30,000 98, 000 45 ,000
LEGAL SERVICES 0 22 , 301 30, 000 16 , 000 5, 000
PAVING P.V. DRIVE SOUTH 0 0 586, 000 786 , 108 0
TOTAL-CAPITAL IMPROVEMENTS $181,630 $1,160, 940 $1,476,000 $1 , 971 ,888 $940 , 000
ENDING FUND BALANCE 1 ,845 ,038 1 ,620 ,185 80, 185 553 ,185 152, 405
CITY OF RANCHO PALOS VERDE S- REDEVELOPMENT AGENCY
DEPARTMENT OPERATING STATEMENT
BUDGET APPROPRIATION FOR YEAR ENDING JUNE 30 , 1989
DEPARTMENT: ABALONE COVE - NO. 830
ACTUAL ACTUAL BUDGET ACTUAL & BUDGET
REVENUE REVENUE APPROP. ESTIMATED APPROP.
REVENUE CLASSIFICATION 1985-86 1986-87 1987-88 1987-88 1988-89
BEGINNING FUND BALANCE 0
PROPERTY TAX INCREMENT 40 , 000
INTEREST EARNINGS 250, 000
OTHER REVENUE 10 , 000 , 000
CDBG REIMBURSEMENT 0
TOTAL REVENUES $10, 290,000
ACTUAL ACTUAL BUDGET ACTUAL & BUDGET
EXPENSE EXPENSE APPROP. ESTIMATED APPROP.
EXPENDITURE CLASSIFICATION 1985-86 1986-87 1987-88 1987-88 1988-89
CAPITAL IMPROVEMENTS
GENERAL ADMINISTRATION 50 ,000
ADMINISTRATION - ENGINEERING 200, 000
GRADING, DRAINAGE 300, 000
DEWATERING 50, 000
GENERAL OPERATION & MAINT. 75 , 000
LEGAL SERVICES 25, 000
PAVING P.V. DRIVE SOUTH 350 , 000
FUTURE BOND EXPENSE RESERVE 40, 000
TOTAL-CAPITAL IMPROVEMENTS $1 , 090 , 000
ENDING FUND BALANCE 9, 200, 000
RDA 88-11