MA RES 1996-001RESOLUTION NO. MA 96 -01
A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS
MAINTENANCE AUTHORITY ADOPTING THE OPERATING
BUDGET FOR FISCAL YEAR 1996-97.
WHEREAS, the Board of the Rancho Palos Verdes Joint Powers Maintenance Authority
desires to adopt the following resolution adopting the operating budget for the 1996 -97
fiscal year.
NOW, THEREFORE, BE IT RESOLVED, THAT THE BOARD OF THE RANCHO PALOS
VERDES JOINT POWERS MAINTENANCE AUTHORITY DOES HEREBY ADOPT THE
FOLLOWING 1996 -97 OPERATING BUDGET.
SECTION 1: The 1996 -97 Revenue Budget is hereby adopted, establishing the
following revenue levels:
PROGRAM
Portuguese Bend Maintenance Area
Abalone Cove Maintenance Trust Fund
TOTAL REVENUES
1996 -97
ADOPTED BUDGET
$ 44,000
70,000
$
1141000
SECTION 2: An operating budget for Fiscal Year 1996 -97 is hereby adopted as
contained in the Annual Budget of the Rancho Palos Verdes Joint Powers Maintenance
Authority attached hereto and incorporated and referenced as part of this resolution. The
following expenditure levels are hereby established:
PROGRAM
Portuguese Bend Maintenance Area
Abalone Cove Maintenance Trust Fund
TOTAL OPERATING EXPENDITURES
1996 -97
ADOPTED BUDGET
$ 44,000
32,000
$
761000
SECTION 2: Upon adoption of said Budget, the Joint Powers Maintenance
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 3: The Chief Administrative Officer of the Rancho Palos Verdes Joint
Powers Maintenance Authority shall be responsible for administration and execution of
said Budget.
PASSED, APPROVED, AND ADOPTED THE 18TH DAY OF JUNE, 1996.
AUT ORIV CHAT ERSON
ATTEST:
HORITY SECRETARY
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, JO PURCELL, Secretary of the Rancho Palos Verdes Joint Powers Maintenance
Authority, hereby certify that the above Resolution No. MA 96 -01 was duly and regularly
passed and adopted by the said Authority at a regular meeting thereof held on June 18,
1996.
HORITY SECRETARY
RESOL. NO. MA 96 -01
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