IA RES 2004-006RESOLUTION NO. IA 2004 -06
A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT
AUTHORITY ADOPTING THE OPERATING BUDGET FOR FISCAL YEAR 2004 -2005.
WHEREAS, the Commission of the Rancho Palos Verdes Joint Powers
Improvement Authority desires to adopt the following resolution adopting the operating
budget for the 2004 -2005 fiscal year.
NOW, THEREFORE, BE IT RESOLVED, THAT THE COMMISSION OF THE
RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY DOES
HEREBY ADOPT THE FOLLOWING 2004 -2005 OPERATING AND CAPITAL BUDGET.
Section 1: The 2004 -2005 Revenue Budget (inclusive of transfers from the City's
General Fund) is hereby adopted, establishing the following revenue levels:
2004 -2005
PROGRAM ADOPTED BUDGET
Maintenance - Portuguese Bend $ 21400
Operating Transfer from the General fund — Port. Bend 91,500
Maintenance - Abalone Cove 28,000
TOTAL REVENUES $ 121,900
Section 2: An operating budget for Fiscal Year 2004 -2005 is hereby adopted as
contained in the Annual Budget of the Rancho Palos Verdes Joint Powers Improvement
Authority attached hereto and incorporated and referenced as part of this resolution. The
following expenditure levels are hereby established:
PROGRAM
Maintenance - Portuguese Bend
Maintenance - Abalone Cove
TOTAL OPERATING EXPENDITURES
2004 -2005
ADOPTED BUDGET
$ 91,500
101,700
$ 193,200
Section 3: Upon adoption of said Budget, the Authority may revise and /or update
said Budget in part or in its entirety, depending on the Authority's fiscal resources,
circumstances, and needs.
Section 4: The Chief Administrative Officer of the Rancho Palos Verdes Joint
Powers Improvement Authority shall be responsible for administration and execution of
said Budget.
PASSED, APPROVED, and ADOPTED the 1 st of June 2004.
Aut rity Chairperson
Attest:
i
uthority Secretary
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, JO PURCELL, Authority Secretary of the Rancho Palos Verdes Joint Powers
Improvement Authority, hereby certify that the above Resolution No. IA 2004 -06 was duly
and regularly passed and adopted by the said Joint Powers Improvement Authority at
regular meeting thereof held on June 1, 2004.
Authority Secretary
Resolution No. IA 2004 -06
Page 2 of 2
Fund
FUND SUMMARY (Exhibit Po
Midyear Additional Revised Document Document Document Document Estimated FB Adjustments Estimated
Estimated FB FY03 -04 Estimated FB : FY04 -05 FY04 -05 FY04 -05 FY04 -05 Subtotal to Budget Doc Fund Balance
6130/2004 Budget Adjust 6/30/2004 - Revenues Transfers In Expenditures Transfers Out 6/30/2005 (Attachment B) 6/30/2005
' »i:: »: »Sf: :.J•:sR•::, , ". »,::: , »:n:, :::. +.•,..•::,.,:» ::.:.,::,.•,:::::.: »»: ::. » ",i:'S,o':,/..•: »,a:».,: •: f» »::::acs: »:.: .::5:: ., : 5 .:.: »,...s . »., a:F: ::::sr : »:: ,.. ,,. :..: .. »:.::.:. o .,.:.•.. :., , :.. ».. ...,... .. .,: ,.. ::: : »r.::::, w r ,
.. ... t... t.... .....r•:Crt .............r .............. .................:...:......... ..o.. . f.....u....... ..t . .. <..Y... a.. . f.. .. t . r t . S' .r...
Restricted by Law or External Agencies
IMPROV AUTH - PORT BEND 172,472 172,472
IMPROV AUTH - AB COVE 378,754 378,754
GRAND TOTAL 551,226 551,226
2,400 91,500 91,500
28,000 101,700
30,400 91,500 193,200
174,872 174,872
305,054 305,054
479,926 - 479,92
Resolution No. IA 2004 -06
Exhibit A